1. Fastenal joins the American Red Cross as a Disaster Responder Program member. 2. Fastenal will provide financial and in-kind donations to support disaster preparedness. 3. Their contributions enhance relief efforts and assist military families through the Red Cross. 4. The company has facilitated blood drives since 2012, collecting 4,600 units. 5. Fastenal aims to deepen community impact with this expanded partnership.
FAQ
Why Bullish?
The partnership with the Red Cross portrays Fastenal's commitment to corporate social responsibility. Historically, companies engaged in meaningful community support have enhanced brand loyalty and reputation, contributing positively to stock performance.
How important is it?
The announcement reflects Fastenal's strategic positioning in community engagement, likely boosting public perception. Strengthened brand loyalty can translate to improved sales and market performance.
Why Long Term?
This partnership is likely to strengthen Fastenal's community ties and reputation over time. Similar initiatives have shown long-lasting benefits for companies, such as increased customer affinity and brand strength.
Fastenal Company (NASDAQ:FAST) has expanded its support of the American Red Cross by becoming a Disaster Responder Program member. Through the program, member organizations pledge to provide financial and in-kind donations year-round, helping the American Red Cross prepare ahead of disasters and respond swiftly when emergencies strike.
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Fastenal Joins Red Cross Disaster Responder Program. Fastenal Community Involvement Team Members pose with Red Cross Service to Armed Forces staff during a Resiliency training event.
The American Red Cross responds to more than 65,000 disasters each year, providing safe shelter, hot meals, emotional support, and resources to aid in recovery. Donations from Disaster Responder members like Fastenal help them pre-invest in disaster relief by training volunteers, staging supplies, and upgrading technology and infrastructure. The contributions also support nationwide disaster preparedness programs as well as long-term recovery efforts.
A portion of Fastenal's donations are directed to the American Red Cross's Service to the Armed Forces program, providing comfort and care to military members, veterans, and their families through a range of services.
"Increasing severe weather events mean that families are relying on the Red Cross now more than ever," said Anne McKeough, chief development officer at the American Red Cross. "We are so thankful for Disaster Responder members like Fastenal for their forward-thinking commitment that powers our preparedness and relief efforts, ensuring we can immediately provide help and hope to those facing their darkest day."
Fastenal has worked with the Red Cross since 2012 to conduct local employee blood drives. The collaboration expanded in 2022 with the launch of Fastenal's company-wide "Blue Team Blood Drive" campaign. Through the Red Cross and other blood supply organizations, Fastenal employees have donated more than 4,600 units of blood since the campaign's inception. In 2024 alone, more than 1,200 units were collected through 45 in-person blood drives held at Fastenal locations around the world.
"Fastenal is proud to support the Red Cross through our Blue Team Blood Drive, and we're excited to deepen our impact through the Disaster Responder Program," said Sally Olson, marketing director for Fastenal. "The expanded partnership enhances our efforts to help communities prepare for, respond to, and recover from disasters and displacement."
About Fastenal
With approximately 1,600 branch locations spanning 25 countries, Fastenal supplies a broad offering of fasteners, safety products, metal cutting products, and other industrial supplies to customers engaged in manufacturing, construction, warehouse and storage, data centers, wholesale, and federal, state, and local government. By investing in local experts and inventory, customer-facing technology, wide-ranging services, and best-in-class sourcing and logistics, we offer a unique combination of capabilities to help our customers reduce cost, risk, and scalability constraints in their global supply chains. This "high-touch, high-tech" approach is reflected in our tagline, Where Industry Meets Innovation™.
Additional information regarding Fastenal is available on our website at www.fastenal.com.
About the American Red Cross
The American Red Cross shelters, feeds and provides comfort to victims of disasters; supplies about 40% of the nation's blood; teaches skills that save lives; distributes international humanitarian aid; and supports veterans, military members and their families. The Red Cross is a nonprofit organization that depends on volunteers and the generosity of the American public to deliver its mission. For more information, please visit www.redcross.org or www.CruzRojaAmericana.org, or follow us on social media.
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Media Contact:
Sally Olson
Marketing Director
507.313.7137
Investor Contact:
Dray Schreiber
Accounting Manager
507.313.7324