Fastenal Is One Company That Got Pandemic Planning Right [Yahoo! Finance News]
3M Company (MMM)
Last 3m company earnings: 4/28 06:30 am
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Source: Yahoo! Finance News
Opinion) -- As a distributor of factory-floor basics, Fastenal Co.’s earnings are typically a reasonable guide of what's to come when its manufacturing customers report results a few weeks later, and that should hold even in the coronavirus era. But listening to the company’s conference call on Tuesday to discuss its first-quarter results, I was struck by a different kind of roadmap: In step-by-step fashion, CEO Dan Florness laid out Fastenal's response to the coronavirus crisis, offering a case study on best practices when preparing for the disruptions of a pandemic.Fastenal is little known outside of industrial circles, but it's essentially in the business of supply-chain management, and it acted on the warning signs of the coronavirus crisis much faster than the federal government. That's partly a reflection of the nature of Fastenal's supply chain, which is weighted heavily toward Asia, the first frontier of the outbreak. Way back in January, as the spread of the virus forced Chin
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News
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- 3M (NYSE:MMM) had its price target raised by analysts at Wolfe Research from $187.00 to $197.00. They now have an "outperform" rating on the stock.MarketBeat
MMM
Earnings
- 10/21/25 - Beat
MMM
Sec Filings
- 12/3/25 - Form 4
- 11/14/25 - Form 4
- 11/14/25 - Form 4
- MMM's page on the SEC website