Fastenal Co. (FAST) 2003年年度报告「NASDAQ」.pdf

1、Profile of Fastenal Company2003This Annual Report,including the sections captioned“Presidents Letter to Shareholders,”“ManagementsDiscussion and Analysis of Financial Condition and Results of Operations”and“Stock and Financial Data,”contains statements that are not historical in nature and that are

2、intended to be,and are hereby identified as,“forward-looking statements”as defined in the Private Securities Litigation Reform Act of 1995(the“Reform Act”),including statements regarding new store openings,the introduction of the Companys new web site,anticipatedchanges in the savings to the Company

3、 related to vendor incentive programs,the implementation of the Companys Customer Service Project(CSP)and its anticipated impact on the Companys inventory stocking model,inventory turns and cash flow,opening of new distribution centers,the leveling off of sales growth and the variabilityof sales at

4、older stores,foreign product sourcing,foreign market potential,and the expansion of foreign operations,capital expenditures,funding of expansion plans,and dividends.Adiscussion of certain risks and uncertainties thatcould cause actual results to differ materially from those predicted in such forward

5、-looking statements is includedin the section of this Annual Report captioned“Managements Discussion and Analysis of Financial Condition andResults of Operations.”The Company assumes no obligation to update either such forward-looking statements orthe discussion of such risks and uncertainties.Faste

6、nal Company was founded in 1967.As ofDecember 31,2003,the Company operated1,314 store sites located in 50 states,PuertoRico,Canada,Mexico and Singapore and employed4,835 people at these sites.In addition,there were 2,016people employed in various support positions.The Company sells approximately 448