Fastenal Co.
Fastenal Company Announces Change in Independent Auditor
Summary
Fastenal Company has announced the dismissal of KPMG LLP, its current independent registered public accounting firm, and the engagement of PricewaterhouseCoopers LLP as its new auditor for the fiscal year ending December 31, 2025. The change will take effect immediately following KPMG's completion of their audit for the fiscal year ending December 31, 2024. PwC will begin its services with the review of the Company's condensed consolidated financial statements for the quarter ending March 31, 2025. There were no disagreements or reportable events with KPMG during the relevant periods.
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About Fastenal Co.
Fastenal Co. is a prominent player in the industrial and construction supplies distribution sector. The company's core function is to provide a comprehensive range of fasteners, tools, safety products, and related equipment to industries such as manufacturing, construction, and maintenance operations. Fastenal operates through a vast network of distribution centers, in-person branches, and onsite locations, delivering essential products promptly and efficiently to meet customer needs. Its robust supply chain infrastructure ensures the availability of items ranging from nuts and bolts to sophisticated machinery tools, thereby supporting various sectors in maintaining and enhancing operational efficiency. Fastenal Co. holds a key position in the supply chain, playing a critical role in facilitating the seamless procurement of vital materials needed for production and operational continuity. By leveraging technology and inventory management solutions, Fastenal optimizes its service offerings, thus securing its significance in the industrial distribution market.
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