Fastenal Co.

John Wolz

2001 Revenue $809 million
2000 Revenue $745.7 million
2001 Closing Price66.43
2000 Closing Price54.88

Fastenal Company opened branches in Alaska and Hawaii during 2001, putting the �Wal-Mart of the Fastener Industry� stores in all 50 states. Fastenal also has stores in Canada, Mexico, Puerto Rico and Singapore.
Fastenal opened 128 stores during the year, bringing the total to 1,025. Fastenal plans to open 100 to 150 during 2002.
Fastenal acquired Textron�s $40 million DIY fastener business in August 2001. Textron marketed the fastening hardware, picture and mirror hanging hardware and accessories under the Textron and Elco brand names.
Fastenal�s 2001 sales increased 8.5% over the previous year, but net earnings dropped 13.2% to $70.1 million.
Stand-alone stores operate in cities of 8,000 or more, and satellite stores are in towns as small as 2,000 and usually located within 30 miles of a stand-alone store.
Fastenal sells about 68,000 different threaded fasteners and supplies, 51,000 tools, 24,000 metal cutting tool blades, 23,000 types of fluid transfer components and accessories, 8,000 types of material handling and storage products, 4,000 kinds of janitorial and paper products, 7,000 welding supplies, and 3,000 safety supplies. Fastenal sells primarily to the construction industry, OEM and MRO markets. No company supplies more than 5% of Fastenal�s purchases.

Headquarters: 2001 Theurer Blvd., Winona, MN 55987. Tel: 507 454-5374 Fax 507 453-8049
Web: Fastenal.com
NASDAQ Symbol: FAST
CEO: Robert Kierlin
Key fastener executives: Will Oberton, president.
Investor Relations: Steve Slaggie
Founded: 1967
Employees: 6,477
Percentage of revenue from fastener-related products: 55% \�2002 FastenerNews.com