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Fastenal Company (FAST) Shareholder/Analyst Call Transcript

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Fastenal’s 2026 annual shareholder meeting opened with CEO Daniel Florness marking his 10th year leading the company, highlighting leadership stability and long-term growth under his tenure. The event emphasized succession planning, with President Jeffery Watts positioned as Florness’s successor, signaling confidence in internal leadership development and continuity. Pastor Mark Dumke’s invocation framed the meeting with themes of gratitude and confidence, praising Florness’s integrity and Fastenal’s ability to cultivate industry-leading talent. The call began with acknowledgments to employees (the "Blue Team") and investors, reinforcing Fastenal’s culture of appreciation and stakeholder engagement. No major financial announcements were made in the transcribed portion, focusing instead on governance, legacy, and the company’s future leadership transition.
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Fastenal Company (FAST) Shareholder/Analyst Call Transcript

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SA Transcripts159.42K FollowersFollow5ShareSaveCommentsFollow us on Google for the latest stock newsFollow Seeking Alpha on Google for the latest stock newsPlay Earnings CallPlay Earnings Call Fastenal Company (FAST) Shareholder/Analyst Call April 23, 2026 11:00 AM EDT Company Participants Scott SatterleeJohn Milek - VP & General CounselJeffery Watts - President & Chief Sales OfficerDaniel Florness - CEO & Director Conference Call Participants Mark DumkeKen LyonsKate HazeltonAndrew Elcock Presentation Scott Satterlee Good morning, everybody, and welcome to Fastenal's 2026 Annual Meeting of Shareholders. My name is Scott Satterlee, Chair of the Board. And first off, I'd like to thank and appreciate the global Fastenal Blue Team for that intro video. Before we move on to official business, actually, I want to make sure I thank everybody here for taking the time as well as those watching on the webcast. We appreciate your connection and your investment in Fastenal. So thank you very much. Before we move on to official business, I would like to introduce Pastor Mark Dumke, the retired pastor of Faith Lutheran Church to lead the invocation.

Mark Dumke Thank you, Scott, for the invitation. And friends, it's good to be here with you again this morning. I'm thinking of 2 words this morning, gratitude and confidence. Dan, I've known you since you moved to town in 1996. And with your wife, Jenny, and your 4 wonderful kids who have now grown to be outstanding adults. It's been a pleasure to watch you and Fastenal and your family grow. Likewise, it's been a pleasure, along with all of you to watch the growth of Fastenal all of these years. I am grateful for your integrity and for your leadership and stewardship of the Fastenal company, especially as CEO these past 10 years. Congratulations. I'm also confident in the ability of Fastenal to continually raise up leaders who are the best in the industry. I'm confident in your successor, Jeff Watts, who will build on your

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Source: Seeking Alpha