# Fastenal

> Fastenal supplies industrial and construction products and manages the inventory around them. Its local teams, customer-dedicated Onsite operations, vending machines and connected bins put parts near the people who use them, while its distribution network handles replenishment.

- **Founded:** 1967
- **Headquarters:** Winona, United States
- **Founders:** Bob Kierlin (Co-founder; former CEO), Steve Slaggie (Co-founder; former treasurer), John (Jack) Remick (Co-founder), Henry (Van) McConnon (Co-founder), Michael (Mike) Gostomski (Co-founder)
- **Products:** Industrial and construction supplies, FASTVend, FASTBin, FASTStock, Onsite
- **Notable:** Grew from a single Winona shop to a global industrial distribution business., Reported fiscal 2025 revenue of $8.2005 billion., Reported Q3 2026 net sales of $2.4633 billion, up 15.5% year over year.

## Products & services

- **Industrial and construction supplies** — Fasteners, safety products, cutting tools, abrasives, tools and other operating and production supplies.
- **FASTVend** — ID-controlled industrial vending and lockers for consumables and returnable assets.
- **FASTBin** — Connected bins use RFID, infrared or weighing technology to report inventory status.
- **FASTStock** — Scanned bin-stock replenishment for supplies kept at customer facilities.
- **Onsite** — A dedicated service operation with Fastenal personnel, inventory and technology for a customer facility or campus.
- **FAST360** — Online visibility into inventory locations, usage, spend and program savings.
- **Manufacturing and quality services** — Custom parts, engineering support, product testing and related industrial services.

## Achievements

- Grew from a single Winona shop to a global industrial distribution business.
- Reported fiscal 2025 revenue of $8.2005 billion.
- Reported Q3 2026 net sales of $2.4633 billion, up 15.5% year over year.

## Latest updates

- **2026-10** — Q3 results released October 14: net sales rose 15.5% to $2.4633 billion and operating margin reached 21.5%.
- **2026-07** — Jeffery M. Watts succeeded Daniel L. Florness as president and CEO effective July 16; Florness was expected to remain a strategic advisor until early 2028.
- **2026-02** — Filed its 2025 annual report; net capital expenditure was $230.6 million across the business, not solely vending.

## Links

- Website: https://www.fastenal.com/
- LinkedIn: https://www.linkedin.com/company/fastenal/
- Twitter/X: https://twitter.com/fastenalcompany
- YouTube: https://www.youtube.com/fastenalcompany
- Instagram: https://www.instagram.com/fastenal_company/
- Facebook: https://www.facebook.com/fastenalcompany/

---

Profile page: https://yespress.io/fastenal
Published by YesPress — https://yespress.io
Last updated: 2026-10-22