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Fastenal Company announced that CEO Daniel L. Florness will step down from his role on July 16, 2026, following nearly 30 years with the company and a decade as CEO. The board has appointed current President and Chief Sales Officer Jeffery M. Watts to succeed Florness as CEO on that date, as part of a succession plan initiated in 2024. Florness will remain as a strategic advisor until early 2028 to support a smooth leadership transition.

Source: Business Wire, December 22, 2025

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Global Finance News 12-22-25

Fastenal Enters Sponsorship Agreement With Belfast Giants in Northern Ireland

Fastenal Company announced that it has entered into a sponsorship agreement with the Belfast Giants, the only professional ice hockey team on the island of Ireland, to strengthen its brand presence in Northern Ireland. The partnership marks Fastenal’s first sponsorship in the U.K.’s Elite Ice Hockey League and builds on the company’s long-standing role as an official partner of the National Hockey League in North America.

The sponsorship aligns with Fastenal’s growing footprint in Northern Ireland, where the company has operated since 2012. Fastenal said the partnership reflects its commitment to the local community, mirroring the Belfast Giants’ focus on grassroots initiatives, school programs, and charitable projects. Company executives highlighted the importance of representing Belfast and supporting the region’s continued growth.

Representatives from The Odyssey Trust, which manages the Belfast Giants, said the partnership underscores the club’s ambitions and brings Fastenal’s established support of professional ice hockey to Belfast. The agreement is intended to enhance Fastenal’s brand visibility during the 2025–2026 EIHL season, which runs through April 2026.

Source: Business Wire, Fastenal Company

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WS Investor 12-20-25

Fastenal Forms Corporate Partnership with National FFA Organization

Fastenal Company announced a new corporate partnership with the National FFA Organization, expanding its long-standing support for agricultural education and youth development. The sponsorship places Fastenal senior executive vice president Casey Miller on the National FFA Sponsors' Board and increases the company’s presence at the annual FFA Convention and Expo.

The partnership will fund local chapter and state grants, five Fastenal Innovators college scholarships, and contributions to the FFA’s ‘Give the Gift of Blue’ program, which provides iconic blue jackets to members. Fastenal CEO Dan Florness, a former FFA participant, emphasized the organization’s impact on developing future leaders across agriculture, science, and engineering.

Fastenal operates roughly 1,600 branches in 25 countries and supplies a wide range of industrial and safety products to manufacturing, construction, government, and other sectors.

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Global Finance News 12-07-25

Fastenal Reports Strong November Daily Sales Growth Despite Fewer Business Days

Fastenal posted November 2025 net sales of $627.5 million, up 6.2% from a year earlier, despite having one fewer business day. Daily sales rose 11.8% year over year, driven by broad-based strength across geographies and end markets. U.S. daily sales increased 11.9%, while Canada/Mexico grew 7.8% and Rest of World surged 27.7%.

Manufacturing demand remained robust, with heavy and other manufacturing daily sales each rising about 13%. Fasteners led product-line growth at 14.6%, followed by 11.9% in the “Other” category and 8.1% in Safety. Growth was supported by improved performance across customer channels, including 13% daily sales growth from contract customers and 17% growth in Fastenal Managed Inventory.

Company headcount rose 3.5% from last year to 21,701 FTEs, reflecting ongoing capacity expansion. The next monthly sales update and earnings release are scheduled for January 19, 2026.

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WS Investor 12-05-25

Fastenal Reports Double-Digit Sales and Profit Growth in Q3 2025

Fastenal Company posted strong third-quarter results, with net sales rising 11.7% year-over-year to $2.13 billion and net income up 12.6% to $335.5 million. Earnings per share increased to $0.29 from $0.26, reflecting solid growth across customer contracts and key manufacturing markets. Gross margin improved to 45.3% as product pricing and customer signings boosted performance, while operating income rose 13.7%. Operating cash flow jumped 30% to $386.9 million, supported by lower tax payments and working capital gains. Fastenal also raised investments in distribution, FMI hardware, and IT, and returned $252.5 million in dividends during the quarter.

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Global Finance News 10-13-25

Earnings season is here …

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WS News 10-12-25

Fastenal reported August 2025 net sales of $696.7 million, up 6.7% year-over-year. Daily sales rose 11.8% to $33.2 million despite one fewer business day. Growth was broad-based, with fasteners up 13.3%, safety products up 10.2%, and other products up 11.5%. Heavy and other manufacturing led end markets, while non-residential construction rebounded 11.5%. Contract customers drove gains (+14%), supported by 9% eBusiness growth and a 17% rise in managed inventory. Headcount increased 3.7% to 24,283. Results highlight solid demand across regions, led by 17.6% growth in Rest of World sales.

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WS Investor 09-06-25

Fastenal Reports Strong Q2 2025 Results Driven by Contract Sales and Non-Fastener Growth

Fastenal Company (Nasdaq: FAST) reported second-quarter 2025 earnings showing solid growth across revenue and profit metrics. Net sales rose 8.6% year-over-year to $2.08 billion, while net income increased 12.8% to $330.3 million. Diluted EPS was $0.29, up from $0.25 a year earlier, with all figures adjusted for the recent 2-for-1 stock split.

The company benefited from increased customer contract signings, especially in the manufacturing sector, and higher unit sales. Gross margin held steady at 45.3%, while operating income rose 12.7% to $436.1 million.

Product-wise, non-fastener lines outperformed fasteners, with safety supplies growing 10.7% and other product lines up 9.0%. End markets in manufacturing drove growth (up 9.2%), with notable recovery in non-residential construction (up 3.0% after 10 quarters of decline).
Contract customers drove performance with 11.0% sales growth versus just 2.6% growth in non-contract sales.

Despite sluggish industrial production, Fastenal’s scale, strong customer relationships, and pricing strategies supported robust quarterly results.

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European Investor 07-14-25

Fastenal Company (Nasdaq:FAST) announced the date and time for its conference call to review 2025 second quarter results, as well as current operations. The conference call will be broadcast live over the Internet on Monday, July 14, 2025 at 9:00 a.m. central time.

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WS Investor 06-27-25

Fastenal Company Annual Meeting of Shareholders - Voting Results

WINONA, MN – Fastenal Company held its Annual Meeting of Shareholders, where the following proposals were put to a vote:

Election of Directors: Eleven directors were elected for terms until the next regular meeting or until their successors are elected. Notable results include:

Scott A. Satterlee: 97.02% for

Michael J. Ancius: 99.37% for

Brady D. Ericson: 99.85% for

Ratification of Independent Auditor: The appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year 2025 was ratified with 97.32% approval.

Executive Compensation (Say-on-Pay): The advisory vote on executive compensation passed with 94.84% approval.

These proposals reflect the company's continued alignment with shareholder interests and governance standards.

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ME NEWS 04-28-25

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03-03-26Global Finance News