Fastenal Co (NAS:FAST)

$ 66.31 -0.35 (-0.53%) Market Cap: 37.97 Bil Enterprise Value: 38.21 Bil PE Ratio: 32.83 PB Ratio: 11.07 GF Score: 98/100

Fastenal Co Annual Shareholders Meeting Transcript

Apr 22, 2023 / 03:00PM GMT

Transcript 10-Q

Scott A. Satterlee

Fastenal Company - Independent Chair of the Board

Good morning, everybody. Welcome to Fastenal's 2023 Annual Meeting with the shareholders. My name is Scott Satterlee, I'm Chair of the Board. And first, I want to thank everybody for taking the time to brave the elements and join us here today. In keeping with tradition, the first thing that we're going to do before we get into the business portion of the meeting is I'd like to introduce Pastor Mark Dumke, retired pastor of Faith Lutheran Church to lead the invocation.

Mark Dumke

Thank you, Scott. On the past few months, 5 or 6 months or so, you may have noticed that there has been a lot of interest in artificial intelligence. And notably, something called ChatGPT, maybe you've heard of it or not, it's pretty amazing, you can have a conversation with it, you can answer your (inaudible) questions, you can write poetry, and it'll break term papers and there I say sermons and invocations. While knowing that Fastenal is at the forefront of deploying technology, I decided despite the risk of being

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