ADDED
For purposes of determining this number, all executive officers and directors of the registrant as of June 30, 2025 are considered to be affiliates of the registrant.
As of January 21, 2026, the registrant had 1,148,179,210 shares of Common Stock issued and outstanding.
Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 7A.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 66 Item 1 3 .
Certain Relationships and Related Transactions, and Director Independence 66 Item 1 4 .
On April 23, 2025, Fastenal Company (together with our subsidiaries, hereinafter referred to as 'Fastenal,' 'the Company,' 'we,' 'our,' or 'us') announced a two-for-one stock split of its outstanding common stock.
Holders of the Company's common stock, par value $0.01 per share, at the close of business on May 5, 2025, received one additional share of common stock for every share of common stock they owned.
The stock split took effect at the close of business on May 21, 2025.
All historical common stock share, per share information, stock option awards, and stockholders' equity balances for all periods presented in the accompanying Consolidated Financial Statements and Notes thereto in this Annual Report on Form 10-K have been retroactively adjusted to reflect the two-for-one stock split.
Overview Fastenal began as a partnership in 1967, and was incorporated under the laws of Minnesota in 1968.
REMOVED
For purposes of determining this number, all executive officers and directors of the registrant as of June 28, 2024 are considered to be affiliates of the registrant.
As of January 21, 2025, the registrant had 573,419,704 shares of Common Stock issued and outstanding.
Management's Discussion and Analysis of Financial Condition and Results of Operations 32 Item 7A.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 78 Item 13.
Beginning in the first quarter of 2024, references to 'net earnings', 'operating and administrative expenses', and 'earnings before income taxes' have been revised in our consolidated financial statements and financial reports, including this annual report on Form 10-K, to 'net income', 'selling, general, and administrative expenses (SG A)', and 'income before income taxes', respectively.
Overview Fastenal Company (together with our subsidiaries, hereinafter referred to as Fastenal or by terms such as we, our, or us) began as a partnership in 1967, and was incorporated under the laws of Minnesota in 1968.
At the end of 2024, we had 3,628 in-market locations (defined in the table below) in 25 countries supported by 15 distribution centers in North America, with 12 in the United States (U.S.), two in Canada, and one in Mexico; one in Asia; and two in Europe, and we employed 23,702 people.
Our Channels to Market We engage our customers primarily through branch and Onsite locations.
Branches and Onsites exist very close to our customers, usually within miles of, and often within or immediately proximate to, our customers' physical operations.
Many of our customers engage with us through eBusiness, but in most cases these customers are utilizing eBusiness to supplement our service through our other channels.