Fastenal Management
Management criteria checks 4/4
Fastenal's CEO is Dan Florness, appointed in Jan 2016, has a tenure of 8.92 years. total yearly compensation is $3.07M, comprised of 22.8% salary and 77.2% bonuses, including company stock and options. directly owns 0.053% of the company’s shares, worth $22.49M. The average tenure of the management team and the board of directors is 8.6 years and 8.9 years respectively.
Key information
Dan Florness
Chief executive officer
US$3.1m
Total compensation
| CEO salary percentage | 22.8% |
| CEO tenure | 8.9yrs |
| CEO ownership | 0.05% |
| Management average tenure | 8.6yrs |
| Board average tenure | 8.9yrs |
Recent management updates
Recent updates
Are Fastenal Company (NASDAQ:FAST) Investors Paying Above The Intrinsic Value?
Dec 15
Earnings Update: Here's Why Analysts Just Lifted Their Fastenal Company (NASDAQ:FAST) Price Target To US$72.20
Oct 18High-Quality Dividend Stock Universe: Fastenal Company - In Need Of A Moderate Pullback
Oct 14Why We Like The Returns At Fastenal (NASDAQ:FAST)
Oct 11Fastenal: Resilience Is Overshadowed By Steep Valuation
Oct 06What Fastenal Company's (NASDAQ:FAST) P/E Is Not Telling You
Sep 27At US$69.82, Is Fastenal Company (NASDAQ:FAST) Worth Looking At Closely?
Sep 13Fastenal: Shifting From Branch To Onsite; Initiate With 'Sell' Due To High Valuation
Sep 12A Look At The Fair Value Of Fastenal Company (NASDAQ:FAST)
Aug 17Here's What Analysts Are Forecasting For Fastenal Company (NASDAQ:FAST) After Its Second-Quarter Results
Jul 20Fastenal Q2 Earnings: Stock Fairly Valued As Manufacturing Outlook Remains Soft
Jul 12Is Fastenal (NASDAQ:FAST) Using Too Much Debt?
Jul 01Investor Optimism Abounds Fastenal Company (NASDAQ:FAST) But Growth Is Lacking
Jun 19Fastenal (NASDAQ:FAST) Looks To Prolong Its Impressive Returns
Jun 07Are Fastenal Company (NASDAQ:FAST) Investors Paying Above The Intrinsic Value?
May 14Here's Why Fastenal Company's (NASDAQ:FAST) CEO May Deserve A Raise
Apr 19Fastenal Company (NASDAQ:FAST) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Apr 13Fastenal Q1 Earnings: Subdued Demand Despite Improving Manufacturing Outlook
Apr 11What Is Fastenal Company's (NASDAQ:FAST) Share Price Doing?
Apr 02Fastenal: A New Member Of The Dividend Aristocrat Club You Probably Didn't Know
Mar 26Why You Should Care About Fastenal's (NASDAQ:FAST) Strong Returns On Capital
Mar 06Fastenal (NASDAQ:FAST) Has A Pretty Healthy Balance Sheet
Feb 22Analysts Are Updating Their Fastenal Company (NASDAQ:FAST) Estimates After Its Full-Year Results
Feb 09Fastenal Q4 Earnings: Softer Manufacturing Environment, Shares Adequately Priced
Jan 18Earnings Not Telling The Story For Fastenal Company (NASDAQ:FAST)
Jan 08Here's Why We Think Fastenal (NASDAQ:FAST) Might Deserve Your Attention Today
Dec 25CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$1b |
| Jun 30 2024 | n/a | n/a | US$1b |
| Mar 31 2024 | n/a | n/a | US$1b |
| Dec 31 2023 | US$3m | US$700k | US$1b |
| Sep 30 2023 | n/a | n/a | US$1b |
| Jun 30 2023 | n/a | n/a | US$1b |
| Mar 31 2023 | n/a | n/a | US$1b |
| Dec 31 2022 | US$5m | US$700k | US$1b |
| Sep 30 2022 | n/a | n/a | US$1b |
| Jun 30 2022 | n/a | n/a | US$1b |
| Mar 31 2022 | n/a | n/a | US$984m |
| Dec 31 2021 | US$2m | US$675k | US$925m |
| Sep 30 2021 | n/a | n/a | US$890m |
| Jun 30 2021 | n/a | n/a | US$868m |
| Mar 31 2021 | n/a | n/a | US$867m |
| Dec 31 2020 | US$3m | US$675k | US$859m |
| Sep 30 2020 | n/a | n/a | US$842m |
| Jun 30 2020 | n/a | n/a | US$834m |
| Mar 31 2020 | n/a | n/a | US$799m |
| Dec 31 2019 | US$2m | US$600k | US$791m |
| Sep 30 2019 | n/a | n/a | US$781m |
| Jun 30 2019 | n/a | n/a | US$765m |
| Mar 31 2019 | n/a | n/a | US$772m |
| Dec 31 2018 | US$2m | US$550k | US$752m |
| Sep 30 2018 | n/a | n/a | US$736m |
| Jun 30 2018 | n/a | n/a | US$681m |
| Mar 31 2018 | n/a | n/a | US$619m |
| Dec 31 2017 | US$2m | US$550k | US$579m |
Compensation vs Market: Dan's total compensation ($USD3.07M) is below average for companies of similar size in the US market ($USD12.86M).
Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.
CEO
Dan Florness (61 yo)
8.9yrs
Tenure
US$3,070,507
Compensation
Mr. Daniel L. Florness, also known as Dan, has been the Chief Executive Officer and Director at Fastenal Company since January 1, 2016 and served as its President since January 1, 2016 until August 01, 202...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.9yrs | US$3.07m | 0.053% $ 22.5m | |
| President & Chief Sales Officer | 1.6yrs | US$1.47m | 0.0010% $ 441.1k | |
| Senior EVP & CFO | 8.3yrs | US$1.45m | 0.0017% $ 729.5k | |
| Senior Executive Vice President of Information Technology | 10.6yrs | US$1.23m | 0.0026% $ 1.1m | |
| Senior Executive Vice President of Sales | 9.1yrs | US$1.60m | 0.0023% $ 975.4k | |
| Executive Vice President of Operations | no data | no data | 0.0011% $ 466.5k | |
| Executive VP | 11.2yrs | US$342.90k | 0.0013% $ 530.1k | |
| VP & General Counsel | no data | no data | no data | |
| Executive VP of Strategy & Communications | less than a year | no data | 0.000030% $ 12.7k | |
| Executive Vice President of Human Resources | 1.8yrs | no data | no data | |
| Executive Vice President of Manufacturing | 17.1yrs | US$470.84k | 0.0081% $ 3.4m | |
| Executive Vice President of Sales | 8yrs | US$1.27m | 0.0020% $ 831.3k |
8.6yrs
Average Tenure
53yo
Average Age
Experienced Management: FAST's management team is seasoned and experienced (8.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 8.9yrs | US$3.07m | 0.053% $ 22.5m | |
| Director | 5.2yrs | US$150.00k | 0.087% $ 37.0m | |
| Director | 24.5yrs | US$125.00k | 0.0035% $ 1.5m | |
| Independent Chair of the Board | 15.9yrs | US$200.00k | 0.0044% $ 1.8m | |
| Independent Director | 12.4yrs | US$170.00k | 0.0035% $ 1.5m | |
| Independent Director | 3.3yrs | US$150.00k | 0.00035% $ 148.4k | |
| Independent Director | 8.6yrs | US$150.00k | 0.0019% $ 784.6k | |
| Independent Director | 15.9yrs | US$170.00k | 0.0059% $ 2.5m | |
| Independent Director | 9.5yrs | US$170.00k | 0.0018% $ 742.2k | |
| Independent Director | 4.3yrs | US$150.00k | 0.00070% $ 296.9k | |
| Independent Director | 1.5yrs | US$75.00k | 0% $ 0 |
8.9yrs
Average Tenure
59.5yo
Average Age
Experienced Board: FAST's board of directors are considered experienced (8.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 22:48 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Fastenal Company is covered by 43 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Eade | Argus Research Company |
| David Manthey | Baird |
| Ishan Majumdar | Baptista Research |