1、2023ANNUAL REPORT9706863 2023 Annual Report|JP 2.24|Printed in the USACONTENTSTable of1-3Letters to Shareholders and Employees4-510-Year Selected Financial Data and Financial Highlights6Stock and Financial Data7Stock Performance Highlights8Creating Value and Measuring the ImpactInside Back CoverDire
2、ctors|Executive Officers|Corporate Information2023 ANNUAL REPORT2023ANNUAL REPORTThis core model is supported by a range of high-touch services and high-tech solutions to help customers solve problems and gain efficiencies.High-Tech Solutions Mobile apps simplifying ordering and other processes FAST
3、360 tools to visualize inventory locations and status Trajectory tracking how vended products are used in the business FASTCribSM software to manage requisitions,inventory,and assets eProcurement Integration automating processes while improving accuracy and visibilityHigh-Touch Services 620+supply c
4、hain professionals(4)including 130+on the ground in Asia Approximately 90%of product tonnage is transported between our hubs and our in-market locations via our captive logistics fleet 420M products made,modified,or maintained by our manufacturing and industrial services teams 580+subject matter spe
5、cialists(e.g.,Lean,safety,engineering,metalworking)23,201 employees71%directly serve our customers874,000+Fastenal School of Business trainings completedIt starts with a simple premise:great people,close to the customer,with a passion for learning and growth.In our industry,theres generally a trade-
6、off between service and scope.On one end of the spectrum are small distributors who offer local service but limited technology and geographic reach.On the other end are large suppliers with strong eCommerce platforms and national reach but limited local service.In this landscape,Fastenal stands apar