1、2024 ANNUAL REPORTCONTENTSTable of1-3Letters to Shareholders and Employees from Dan Florness and Jeff Watts4-510-Year SelectedFinancial Data andFinancial Highlights6Stock and Financial Data7Stock Performance Highlights8Building on a Solid Foundation Using Digital ToolsInside Back CoverDirectors|Exec
2、utive Officers|Corporate Information9706900 2024 Annual Report|SC 2.25|Printed in the USA2024 ANNUAL REPORTIn our industry,theres generally a trade-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 t
3、he other end are large suppliers with strong eCommerce platforms and national reach but limited local service.In this landscape,Fastenal stands apart in our ability to support customers with local service,comprehensive technology,and consistent capabilities on a global scale.23,702 employees71%direc
4、tly serve our customers915,000+Fastenal School of Business trainings completedIt starts with a simple premise:great people,close to the customer,with a passion for learning and growth.Our local team operates in 3,628 in-market selling locations across 25 countries.59%of our$1.6B in inventory is stag
5、ed locally or within customer sites for same-day access.1,597 public branches2,031 Onsite locationsThese Fastenal Managed Inventory(FMI)programs represented 42.5%of total sales in 2024.Our local service is enhanced by a variety of technology solutions.60.4%of our total revenue flows through this“Dig
6、ital Footprint.”(1)126,957 weighted FASTBin/FASTVend installations(MEUs(2)FASTVendProviding secure access and usage tracking close to the point of use in a customers facility.FASTBinUsing embedded technologies to digitally monitor inventory and trigger restock requests.FASTStockSMUsing mobile techno