Fastenal overview

Fastenal Company is an American company based in Winona, Minnesota. Distributing goods used by other businesses, it has over 2,200 branches throughout the US, Canada, Mexico and Europe along with 13 distribution centers.
The staff at Fastenal come from unusually diverse demographic backgrounds. The company is 21.9% female and 31.7% ethnic minorities. Fastenal employees are more likely to be members of the Republican Party than the Democratic Party, with 54.5% of employees identifying as members of the Republican Party. But those numbers could change quickly because the turnover rate at Fastenal is relatively high. Employees at Fastenal stay with the company for an average of 2.2 years before leaving. The average employee at Fastenal makes $48,743 per year. In comparison, some of its highest paying competitors, like Worldwide Express, Unishippers, and Wurth USA, pay $62,296, $57,065, and $56,522, respectively.
Fastenal is an industry leader with 20,565 employees and an annual revenue of $4.1B that is headquartered in Minnesota.

The Organization’s Mission

To grow our company by providing our customers with a superior offering of products, consumption tracking capabilities and Reseller Consortium partners.

Industry

Industrial Distribution

Revenue

$4.1B

Employees

20,565

Founded in

1967

Headquarters

Winona, MN

Website

fastenal.com

Organization Type

Public

Is This Your Company?

The team at Fastenal

Key People
  • Daniel Florness (ceo)
  • Christopher Williamson (VP of quality, engineering)
  • Sheryl Lisowski (CFO)

Fastenal Reviews

Zippia Official Logo

4.0

Zippia UserApril 2020

4.0

Zippia Official LogoZippia UserApril 2020

What Do You Like About Working There?

Flexible hours, fair hourly wage, and using advanced POS systems Show More

What DON'T You Like About Working There?

I feel those in higher executive positions lack a strong work ethic. Show More

What Are Your Favorite Benefits/Perks?

401k Show More
Zippia Official Logo

4.0

Zippia UserDecember 2019

4.0

Zippia Official LogoZippia UserDecember 2019

What Do You Like About Working There?

Transporting materials from place to place Show More

What DON'T You Like About Working There?

Difficult to graduate to higher-paying jobs Show More

What Are Your Favorite Benefits/Perks?

Good working hours (9-5), weekends off Show More
Zippia Official Logo

5.0

Zippia UserJuly 2018

5.0

Zippia Official LogoZippia UserJuly 2018

What Do You Like About Working There?

I liked the efficiency of the company and the family like atmosphere Show More

What DON'T You Like About Working There?

There was not a lot of opportunity for growth because of limited movement Show More

What Are Your Favorite Benefits/Perks?

I like the hotel room stays on business trips Show More
Zippia Official Logo
Reddit UserJuly 2014
Zippia Official LogoReddit UserJuly 2014

Current Fastenal employee here. I'm looking to get a full time job and have applied to multiple positions through my district. Turned down for all and I've been a part timer working 35+ hours a week and have trained other part timers as well as our new osp in dealing with certain customers and showing them the ropes. I have a feeling my gm just wants to keep me here because I'm good at what I do. Unfortunately I am starting to look else where because I'm tired of this bs. They even gave a part timer I trained a full time job "because they were scared he'd leave" What do you suggest i do to get a full time job or scare my boss into knowing I'm leaving asap?

Id just straight up tell him what you want. My DM did the same for an NA position. They were scared a good osp was going to quit so they handed him a NA job over more qualified people. This company is all about growth, and that includes growing the potential of employees. When I took GM I actually called my RVP before I spoke with my DM. My RVP made sure I got it. I am also leaving the company in 2 weeks as the stress that is ensured day to day is too much for too little pay. After 3 years I have realized Fastenal is really not the ideal place to work, long hours and low pay. If you're ruthless as *** you can make it but im really not. Best of luck to you man.
Zippia Official Logo
Reddit UserJune 2014
Zippia Official LogoReddit UserJune 2014

Hi. 2 questions: As you've expanded in product range over the years, would the majority of your revenue still come from the "I need this bolt/nut/small widget right now or my production line gets held up" category? How often do people know exactly what they are looking for, vs needing help in finding it?

At least 40% of our revenue comes from fasteners sales in general. That covers walk in sales, small bulk sales right up to full on OEM production facility sales. I know fastenal holds a great number of national contracts with some big names throughout the USA, in the millions range. Walk in customers might amass 1% of that 40% This generally is 50/50. Regulars know their stuff but we do get a lot of people that just call or come in and just say "I need this". We often times, based on experience can figure it out. Sometimes you get the ones where we just have zero clue. At least if they can tell us what it goes to/ application we can narrow it down and source it. Problem is with the weird stuff we usually are forced to buy in bulk and people don't need 5000 of one item.
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Fastenal Rankings

Fastenal is ranked #6 on the Best Transportation Companies to Work For in Minnesota list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Fastenal Salaries

How much does Fastenal pay?
The national average salary for a Fastenal employee in the United States is $48,743 per year. Employees in the top 10 percent can make over $91,000 per year, while employees at the bottom 10 percent earn less than $26,000 per year.
6.3
Salary Score
Average Employee Earnings

Fastenal Salaries By Job Title

While the average employee salary at Fastenal is $48,743, there is a big variation in pay depending on the role. The higher paying positions at Fastenal include Technical Support Specialist, Information Systems Technician, Developer, and Account Specialist. A typical Technical Support Specialist salary at Fastenal is $70,468. Some of the other roles at Fastenal are Cashier and Picker And Packer. A worker with the title Cashier at Fastenal earns an average salary of $22,417 per year.

Fastenal careers

On average, employees at Fastenal stay with the company for 2.2 years. Employees most commonly join Fastenal after leaving Walmart. When they leave Fastenal, they most frequently get their next job at Walmart.

Average Length of Employment
WW Grainger4.6 years
HD Supply2.7 years

Fastenal

2.2 years
Top Employers Before Fastenal
Walmart17.3 %
Lowe's8.1 %
US Army7.6 %
Show More
Top Employers After Fastenal
Walmart9.5 %
Lowe's8.8 %
Amazon7.9 %
Show More
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Fastenal Employment Videos

Fastenal Financial Performance

9.8
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

> $1B

Founded in

1967

Organization type

Public

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Fastenal Competitors

Based on our research, similar companies to Fastenal are Worldwide Express, Unishippers, and Wurth USA. Employees at Worldwide Express earn more than most of the competition, with an average yearly salary of $62,296. Employees at Unishippers earn an average of $57,065 per year, and the employees at Wurth USA earn an average salary of $56,522 per year.

Frequently Asked Questions about Fastenal

When was Fastenal founded?

Fastenal was founded in 1967.

How many Employees does Fastenal have?

Fastenal has 20,565 employees.

How much money does Fastenal make?

Fastenal generates $4.1B in revenue.

What industry is Fastenal in?

Fastenal is in the industrial distribution industry.

What is Fastenal's mission?

Fastenal's mission statement is "To grow our company by providing our customers with a superior offering of products, consumption tracking capabilities and Reseller Consortium partners."

What type of company is Fastenal?

Fastenal is a public company.

Who are Fastenal's competitors?

Fastenal competitors include MSC Industrial Direct, WW Grainger, HD Supply, Airgas Mid South, Motion Industries, Corporate Express US, CEVA Logistics, Kirby, Central Purchasing, Applied Industrial Technologies, Diamond Vogel, Unishippers, NFI, Schneider National, Americold, Wurth USA, Crown Packaging, SCHWARZ SUPPLY SOURCE, DSC Logistics, Worldwide Express.

Who works at Fastenal?

Daniel Florness (ceo)

Christopher Williamson (VP of quality, engineering)

Sheryl Lisowski (CFO)

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You can find out what it is like to work at Fastenal, also known as FASTENAL CO, Fastenal and Fastenal Company.

Zippia gives an in-depth look into the details of Fastenal, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Fastenal. The employee data is based on information from people who have self-reported their past or current employments at Fastenal. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Fastenal and its employees or that of Zippia.