Kenneth Nance - Fastenal VP of Gov. Sales

FAST Stock  USD 67.74  0.62  0.92%   

VP

Mr. Kenneth R. Nance was redesignated as Vice President Government Sales of Fastenal Company, effective November 16, 2015. He has served as Executive Vice President Sales of Fastenal Company. since July 2012 since 2015.
Age 50
Tenure 9 years
Address 2001 Theurer Boulevard, Winona, MN, United States, 55987-1500
Phone507 454 5374
Webhttps://www.fastenal.com
Nance responsibilities include sales and operational oversight of our business in the eastern United States and Canada. From June 2005 to July 2012, Mr. Nance served as regional vice president of our Texas based region. Prior to June 2005, Mr. Nance served in various sales leadership roles.

Fastenal Management Efficiency

The company has return on total asset (ROA) of 0.2093 % which means that it generated a profit of $0.2093 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.3456 %, meaning that it created $0.3456 on every $100 dollars invested by stockholders. Fastenal's management efficiency ratios could be used to measure how well Fastenal manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to 0.16 in 2024. Return On Capital Employed is likely to drop to 0.40 in 2024. At this time, Fastenal's Total Current Liabilities is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 4.7 B in 2024, despite the fact that Change To Liabilities is likely to grow to (38.1 M).
The company currently holds 535 M in liabilities with Debt to Equity (D/E) ratio of 0.26, which may suggest the company is not taking enough advantage from borrowing. Fastenal has a current ratio of 3.9, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Fastenal until it has trouble settling it off, either with new capital or with free cash flow. So, Fastenal's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Fastenal sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fastenal to invest in growth at high rates of return. When we think about Fastenal's use of debt, we should always consider it together with cash and equity.

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Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota. Fastenal operates under Industrial Distribution classification in the United States and is traded on NASDAQ Exchange. It employs 19519 people. Fastenal Company (FAST) is traded on NASDAQ Exchange in USA. It is located in 2001 Theurer Boulevard, Winona, MN, United States, 55987-1500 and employs 20,935 people. Fastenal is listed under Trading Companies & Distributors category by Fama And French industry classification.

Management Performance

Fastenal Leadership Team

Elected by the shareholders, the Fastenal's board of directors comprises two types of representatives: Fastenal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fastenal. The board's role is to monitor Fastenal's management team and ensure that shareholders' interests are well served. Fastenal's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fastenal's outside directors are responsible for providing unbiased perspectives on the board's policies.
Terry Owen, Executive Vice President – E-Business
John Soderberg, Executive Vice President – Sales Operations & Support
William Drazkowski, Executive Vice President – National Accounts Sales
Noelle JD, Executive Resources
Holden Lewis, CFO, Executive Vice President
LeLand Hein, Sr. Executive VP of Sales and Director
James Jansen, Executive Vice President - Operations
Nicholas Lundquist, Executive Vice President - Operations
Charles Miller, Executive Vice President - Sales
Ellen Stolts, Financial Mang
Darren Jackson, Independent Director
Jeffery Watts, Executive Vice President – International
Michael Ancius, Independent Director
Reyne Wisecup, Executive VP of HR and Director
Anthony Broersma, Executive Operations
Scott Satterlee, Independent Director
Gary Polipnick, Executive Vice President - Sales
Kenneth Nance, VP of Gov. Sales
Taylor Oborski, Financial Accountant
Michael Dolan, Independent Director
Daniel Johnson, Independent Director
Daniel Florness, CEO and President and Director
Hugh Miller, Independent Director
Stephen Eastman, Independent Director
John Milek, VP Counsel
Sheryl Lisowski, Chief Accounting Officer and Controller
Ashok Singh, Executive Vice President - Information Technology
Willard Oberton, Chairman of The Board
Rita Heise, Independent Director

Fastenal Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Fastenal a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Fastenal is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Fastenal Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Fastenal Company Stock. Highlighted below are key reports to facilitate an investment decision about Fastenal Company Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fastenal Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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When running Fastenal's price analysis, check to measure Fastenal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fastenal is operating at the current time. Most of Fastenal's value examination focuses on studying past and present price action to predict the probability of Fastenal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fastenal's price. Additionally, you may evaluate how the addition of Fastenal to your portfolios can decrease your overall portfolio volatility.
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Is Fastenal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fastenal. If investors know Fastenal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fastenal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.006
Dividend Share
1.44
Earnings Share
2.02
Revenue Per Share
12.915
Quarterly Revenue Growth
0.019
The market value of Fastenal is measured differently than its book value, which is the value of Fastenal that is recorded on the company's balance sheet. Investors also form their own opinion of Fastenal's value that differs from its market value or its book value, called intrinsic value, which is Fastenal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fastenal's market value can be influenced by many factors that don't directly affect Fastenal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fastenal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fastenal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fastenal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.