1、2014 ANNUAL REPORTANNUAL REPORT2014The Oil City,Pennsylvania Fastenal store team,led by General Manager Bradly Arnink2014 ANNUAL REPORT6.6%18,417EMPLOYEE SAFETYCOACHING,TRAINING,&INSPECTION EVENTS79,000+SALES GROWTHTO CUSTOMERSWITH VENDING20.6%VENDINGMACHINESINSTALLED46,855DAILY2,637The Fastenal sto
2、ry began in 1967 when Bob Kierlin and four friends opened our very first store,a 1,000-square-foot fastener shop in Winona,MN.It was a humble beginning,but we eventually forged our identity as a supplier that earns loyalty and opportunities by exceeding customers expectations for service an approach
3、 later summed up with four words:Growth Through Customer Service.Guided by this motto,weve grown from that original store to one of the worlds most efficient distributors of industrial and construction supplies.Below is a snapshot of our business today,including some of our key performance metrics f
4、or 2014.22COUNTRIES WITH FASTENAL STORES494MILLION$3.7NETNETEARNINGS SALESBILLION1-34-567Letter to Shareholders10-Year Selected Financial Data&Financial HighlightsStock and Financial DataStock Performance Highlights89INSIDEWe Support Our StoresForm 10-KDirectorsExecutive OfficersCorporate Informatio
5、nBACKCOVERTABLE OF CONTENTS121747 MILES DELIVEREDPOUNDS DELIVEREDMILLIONMILLIONFASTENAL AT A GLANCEINVENTORY VALUENO.OF ORDERSPROCESSED35,118,182MILLION$869NO.OF FASTENAL SCHOOL OF BUSINESSCOURSE COMPLETIONS288,09830,000ACTIVE BIN STOCKS2014 ANNUAL REPORT1LETTER TO SHAREHOLDERSOne of the keys to Fas
6、tenals success over the years has been our ability to operate profitable local stores in not only larger metro markets but also in small towns and rural communities.This may seem like a minor achievement,but it has truly set us apart in our industry,enabling us to get closer to our customers,provide