Fastenal Co. (FAST) 2015年年度报告「NASDAQ」.pdf

1、2015 ANNUAL REPORT9704582 2015 Annual Report|1.16KM|Printed in the USAANNUAL REPORT20152015 ANNUAL REPORT21COUNTRIES WITH FASTENAL STORES$3.9 BILLION$516 MILLIONNET SALESNET EARNINGSTABLE OF CONTENTS1-3Letter to Shareholders4-510-Year Selected Financial Data&Financial Highlights6Stock and Financial

2、Data7Stock Performance Highlights8Key Growth Drivers9Form 10-KINSIDE BACK COVERDirectorsExecutive OfficersCorporate Information55,000+VENDING MACHINES INSTALLEDDAILY SALES GROWTH TO CUSTOMERSWITH VENDINGNO.OF FASTENAL SCHOOL OF BUSINESS COURSE COMPLETIONS487,095ONSITE LOCATIONS264STORES2,622INVENTOR

3、Y VALUE$913 MILLIONNO.OF ORDERS PROCESSED35,064,01320,746EMPLOYEES118,000+EMPLOYEE SAFETY COACHING,TRAINING,&INSPECTION EVENTSFASTENALAT AGLANCE135MILLIONMILES DELIVERED783DELIVEREDMILLION POUNDS36,000+BIN STOCKSACTIVE6.4%2015 ANNUAL REPORT1LETTER TO SHAREHOLDERSFrom our perspective 2015 was a disap

4、pointing year.Our net sales grew 3.6%,our pre-tax earnings grew 4.9%,our net earnings grew 4.5%,and our net earnings per share(EPS)grew 6.0%,the latter helped by our buyback of approximately 7 million shares of outstanding stock.There is more to the story.The growth of our business(measured in net s

5、ales)weakened as we progressed through the year.In the first quarter we grew 8.8%,but our growth slid to 5.0%in the second quarter,reflecting a dramatic drop in the price of oil and a corresponding drop in our business with customers tied to the oil and gas industry.Demand continued to weaken in the

6、 latter half of the year,within and beyond the oil and gas sector.In September our daily sales growth went negative,and we finished the year with four negative months.In short,it was a tough year for our customers,and we will only succeed to the extent our customers succeed.To put this challenging e