Fastenal Company Announces Stock Repurchase Program

Fri Jul 10, 2009 7:57pm EDT
 
[-] Text [+]
WINONA, Minn., July 10, 2009 (GLOBE NEWSWIRE) -- Fastenal Company (Nasdaq:FAST)
announced today that its board of directors has authorized purchases by the
company of up to 2,000,000 shares of its common stock in transactions on The
NASDAQ OMX Market or otherwise. This authorization replaces any unused
authorization previously granted by the board of directors. Fastenal Company has
approximately 149 million shares of common stock outstanding.

Fastenal sells different types of industrial and construction supplies in the
following product categories: threaded fasteners and miscellaneous supplies;
tools; metal cutting tool blades and abrasives; fluid transfer components and
accessories for hydraulic and pneumatic power; material handling; storage and
packaging products; janitorial, chemical and paint products; electrical
supplies; welding supplies; safety supplies; and metals, alloys and materials.

As of June 30, 2009, Fastenal operated 2,350 stores in the United States (all 50
states), Canada (all provinces), Puerto Rico (multiple), Mexico (14 states),
Singapore (one location), Netherlands (one location), and China (one location)
selling to the general public. The Company operates 14 distribution centers
located in Minnesota, Indiana, Ohio, Pennsylvania, Texas, Georgia, Washington,
California, Utah, North Carolina, Kansas, Ontario, Canada; Alberta, Canada; and
Nuevo Leon, Mexico.

Additional information regarding Fastenal Company is available on the Fastenal
Company World Wide Web site at www.fastenal.com. FAST-G

-0-
CONTACT:  Fastenal Company
          Darin Pellegrino, Controller
          507.454.5374

 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video