Fastenal Co (ASX:FAST)

Company's Profile

Fastenal Company is a wholesale distributor of industrial and construction supplies that specializes in threaded fasteners, bolts, nuts, screws, studs, and related washers, as well as miscellaneous supplies and hardware. Its primary customer base includes manufacturing and non-residential construction markets. The manufacturing market involves sales of products for both original equipment manufacturing (OEM), where its products are consumed in the final products of its customers, and manufacturing, repair, and operations (MRO), where its products are consumed to support the facilities and ongoing operations of its customers. The non-residential construction market includes general, electrical, plumbing, sheet metal, and road contractors. Other users of its products include farmers, truckers, railroads, oil exploration and production companies, mining companies, federal, state, and local governmental entities, schools, and certain retail trades.