The Winona, Minnesota based wholesale distributor of industrial and construction supplies, announced 3Q25 earnings on October 13. Revenue grew 11.7% from prior year to $2.13 billion and gross margin grew 40 basis points to 45.3%. Revenue growth was driven by increases in customers and unit sales, especially in customers spending >$10k per month, and market share … [Read more...] about Fastenal – Strong Revenue Growth and 3 Consecutive Months of Double-Digit Organic Sales
Distributor News
ISA Member News – Turner Supply Acquisition News
Turner Supply just announced the purchase of certain assets of Benchmark Industrial Supply, headquartered in Nashville, Tennessee. Benchmark Industrial Supply has been providing Maintenance, Repair, and Operations (MRO) materials with a specialization in abrasives, buffs, and compounds in Tennessee for decades. Founded in 1994 by Deborah and Frank Waller, Benchmark has built … [Read more...] about ISA Member News – Turner Supply Acquisition News
Applied Industrial Earnings show solid growth
Applied Industrial Technologies (AIT) – the Cleveland, Ohio headquartered distributor of bearings, power transmission products, engineered fluid power components and systems, specialty flow control products, and other industrial supplies, as well as engineering, design and system integration for industrial and fluid power applications, and customized mechanical, fabricated … [Read more...] about Applied Industrial Earnings show solid growth
Industrial Planning Meetings Part 3, are you ready for 2026?
Last week, I was up in St. Paul, MN and had a chance to speak and meet with the 3M Safety & Industrial team. I had some time in between sessions to walk around the 3M Innovation Center and look at some of the history of 3M. It was like a museum tour for an Industrial distribution leader: The early history of 3M, established as the Minnesota Mining and Manufacturing … [Read more...] about Industrial Planning Meetings Part 3, are you ready for 2026?
Why the ISA Executive Network Matters More Than Ever
For the past few months, the ISA leadership team and the ISA Educational Council have been working behind the scenes on this project. It has been fun to be part of the project led by Brendan Breen, his entire ISA team, and all the great educational committee and board leaders (leaders who are working every day in the channel) who are committed to this program. So, getting … [Read more...] about Why the ISA Executive Network Matters More Than Ever
