Below is the transcript of the Fastenal Company (NASDAQ:FAST)‘s Q4 and FY2014 Earnings Results conference call, held on Thursday, January 15, 2015 at 10:00 am EST.
Over the past 47 years, Fastenal Company (NASDAQ:FAST) has grown from a small-town Fastenal shop, to a thriving regional business, to North America’s largest Fastenal distributor, to the world’s most efficient supplier of OEM, MRO, and construction products. Along the way, they’ve never wavered in their belief that great service starts with being close to their customers, which is why today they operate nearly 2,700 stores spanning all 50 states and 20-plus nations.
Company Representatives:
Leland J. Hein – President & Chief Executive Officer
Daniel L. Florness – Chief Financial Officer
Willard D. Oberton – Chairman of the Board
Analysts:
Adam Omen – Cleve and research
John Milani – John Capital Market
Wanda Clark – UBS
Garden Peter – Lambo Security
William Blair
Raymond Jane
David Mandy
Operator
Good day, ladies and gentlemen and welcome to the Fastenal company Q4 and fiscal year 2014 earning result conference call. At this time, our participants are in a listen only mode. Later, we’ll continue a question and answer session & instructions will follow at that time. If anyone should require assistance during the conference, then please press star then 0 on your touchstone telephones to reach an operator. As, a reminder this conference call is being recorded. I’m going to introduce you to your host or today’s conference and trustee of investor relations. Please go ahead
Host
Welcome to the Fastenal company 2014 annual fourth quarter earnings conference call. This call will be hosted by Leland J. Hein – President & CEO Hein, our president and CEO and Daniel L. Florness our chief financial officer. Also present for our call today Will Overton, our chairman. The call will last for upto 45 minutes. The call will start with a general overview of our quarterly results and operations with Leland J. Hein – President & CEO and Dan, with remainder of the time being open for questions and answers. Today’s conference call is a preparatory Fastenal presentation and is being recorded by Fastenal. No recording reproduction transmission or distribution of today’s call is permitted without Fastenals consent. This call is being audio simulcast on the internet via the Fastenal investor relations homepage and vested at Fastenal.com.
Our replay of the webcast will be available on the website until March 1st 2015, at midnight central time. As, a reminder today’s conference call includes statement regarding the company’s anticipated financial and operating results as well as other forward looking statements based on current expectations, as defined by the private security litigation reform act of 1995. Forward looking statements may also be identified with words such as we expect, we anticipate, upcoming or similar indications of future expectations.
It’s important to now that the company’s actual results may differ materially from those anticipated. Information on factors that could cause results to differ materially from these forward looking statements are contained in the company’s periodic filings as the security in exchange commission and we encourage you to review those carefully. Investors are cautioned not to place undue reliance on such forward looking statements as there’s no assurance that the matter contains and such statements will occur. Forward looking statements are made as if for today’s day only and we undertake no duty to update the information provided on this call. I would now like to turn the call over to Mr.Leland J. Hein – President & CEO Hein.
