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Fastenal (FAST)

Fastenal helps customers simplify and realize product and process savings across their supply chain. It sells a broad oCering of products spanning more than nine major product lines - from fasteners and tools to safety and janitorial supplies. These products are eciently distributed to manufacturing facilities, job sites, and other customer locations through local service teams and point-of-use inventory solutions, including industrial vending technology and bin stock programs (Fastenal Managed Inventory or FMI®). Its distribution system centers on over 3,200 in-market locations (a combination of public branches and customer-speci c Onsite locations), primarily in North America but also in Asia, Europe, and Central and South America, each providing tailored inventory, exible service, and custom solutions to drive the unique goals of local customers. These in-market servicing locations are supported by Vfteen regional distribution centers, a captive logistics Deet, robust sourcing, quality and manufacturing resources, and multiple teams of industry specialists and support personnel - all working toward Fastenal's common goal of Growth Through Customer Service®.

Company profile

Ticker
FAST
Exchange
CEO
Willard Oberton
Employees
Incorporated
Location
Fiscal year end
Former names
FASTENAL COMPANY
SEC CIK
Subsidiaries
Fastenal IP Company • Fastenal Air Fleet, LLC • River Surplus and Supply, LLC • Fastenal Mexico, LLC • Innova Holdings, LLC • Innova Supply Chain Solutions, LLC • Fastenal Brasil Participacoes Ltda. • FASTCO (Shanghai) Trading Co., Ltd. • Fastenal (Shanghai) International Trading Co. Ltd. • Fastenal (Tianjin) International Trading Co. Ltd. ...
IRS number
410948415

FAST stock data

Calendar

18 Jul 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 247.9M 247.9M 247.9M 247.9M 247.9M 247.9M
Cash burn (monthly) (no burn) 6.16M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 8.91M n/a n/a n/a n/a
Cash remaining n/a 238.99M n/a n/a n/a n/a
Runway (months of cash) n/a 38.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Jul 22 Lisowski Sheryl Ann Common Stock Buy Acquire P No No 46.626 1,058 49.33K 5,096
15 Jun 22 Ancius Michael J Common Stock Buy Acquire P No No 49.18 678 33.34K 28,265
15 Jun 22 Lewis Holden Common Stock Buy Acquire P No No 49.4396 1,000 49.44K 9,582
15 Jun 22 Jansen James C Common Stock Buy Acquire P No No 48.9197 1,000 48.92K 26,176
19 May 22 Daniel L. Johnson Common Stock Buy Acquire P No No 51.0089 1,000 51.01K 10,595
76.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1007 1044 -3.5%
Opened positions 73 177 -58.8%
Closed positions 110 64 +71.9%
Increased positions 387 343 +12.8%
Reduced positions 342 346 -1.2%
13F shares Current Prev Q Change
Total value 26.25B 28.68B -8.5%
Total shares 442.04M 447.74M -1.3%
Total puts 490.08K 1.3M -62.3%
Total calls 843.94K 1.57M -46.1%
Total put/call ratio 0.6 0.8 -30.2%
Largest owners Shares Value Change
Vanguard 68.57M $4.07B +2.4%
BLK Blackrock 46.25M $2.75B +3.9%
STT State Street 27.3M $1.62B -3.7%
BK Bank Of New York Mellon 27.17M $1.61B -2.4%
Geode Capital Management 12.64M $749.12M +5.6%
Charles Schwab Investment Management 9.23M $548.12M +8.0%
PFG Principal Financial Group Inc - Registered Shares 9.14M $542.93M +0.2%
BAC Bank Of America 8.05M $478.44M -5.7%
NTRS Northern Trust 7.5M $445.64M +0.6%
Select Equity 7.36M $437.13M +13.8%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -5.13M EXIT
Assenagon Asset Management 2.81M +2.22M +379.3%
BLK Blackrock 46.25M +1.75M +3.9%
Vanguard 68.57M +1.62M +2.4%
Amundi 1.86M -1.44M -43.6%
MS Morgan Stanley 4.07M -1.38M -25.3%
CMTDF Sumitomo Mitsui Trust 2M -1.37M -40.7%
AMP Ameriprise Financial 973.97K -1.35M -58.2%
MCQEF Macquarie 3.32M -1.33M -28.7%
JHG Janus Henderson 1.78M -1.2M -40.2%

Financial report summary

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Competition
HD SupplyHD SupplyNOW
Management Discussion
  • Note – Daily sales are defined as the total net sales for the period divided by the number of business days (in the United States) in the period. The table below sets forth net sales and daily sales for the periods ended December 31, and changes in such sales from the prior period to the more recent period:
  • The increase in net sales noted above for 2021 was due to higher unit sales of industrial products to traditional manufacturing and construction customers and higher pricing, only partly offset by lower pandemic-related PPE sales as the prior year's demand surge did not recur.
  • Higher unit sales in 2021 were a result of strong economic activity which increased demand for our products to our traditional manufacturing and construction customers. Although economic strength was fairly consistent throughout the year, our growth patterns were not, primarily due to comparisons related to the timing of pandemic-related PPE sales in the previous year. For instance, our daily sales growth in the first half of 2021 was 2.5%. Our cyclical product categories substantially outperformed this, as exemplified by fastener daily sales growth of 15.4% in the first half of 2021. However, this was mostly offset by the absence of significant spending for PPE that occurred in the previous period, which is best illustrated by safety products' daily sales decline of 20.2% in first half of 2021. By contrast, our daily sales growth in the second half of 2021 was a much stronger 12.3%. Our cyclical product categories continued to outperform with fastener daily sales having grown 22.2% in the second half of 2021. While certain products and markets within our business continued to face difficult PPE comparisons, they were not as severe as what had been experienced in the first half of 2021, which allowed our safety products to post daily growth of 0.3% in the second half of 2021.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
New words: albeit, carry, carryover, China, downtown, elevated, EU, geography, larger, percent, physical, pushed, show, slight, stable, tactical, Taiwan, upgrade
Removed: anticipated, calculating, error, established, figure, freight, improving, personal, positive, PPE, protective, significantly, specifically, tight, unusual