06. The Fastenal Company (Hydraulics & Pneumatics) - Top Fluid Power Distributors
Headquarters: Winona, MN
2017 Revenue: $298,554,000
16:17 Change: 9.2%
2016 Revenue: $273,378,000
Employees: 20,565 (Company)
Locations: 2,383 (Company)
Key Executives: Daniel L. Florness, president and CEO; Holden Lewis, EVP, CFO
Headquartered in Winona, MN, Fastenal celebrated its 50th anniversary in 2017.
“A return to double-digit sales and pre-tax earnings growth in 2017 was a great way to celebrate our 50th year in business,” said Dan Florness, Fastenal president and CEO.
“Our customers’ demand improved, this demand lifted our business…. This momentum, our ability to leverage operating expenses, and the benefits of tax reform have set up 2018 to be another strong year for Fastenal,” he added.
Early in 2017, Fastenal acquired Manufacturers Supply Company, a supplier of production fasteners and supply items.
Free Download: 2018 Top Distributors List
This free PDF includes lists of top distribution companies across 14 sectors. You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.