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
Market Insights
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
Part 3 – All good things in distribution start when a pick ticket prints in the warehouse
I have written two recent columns reminding Industrial Channel leaders to not forget about the business fundamentals of the channel, which hit a nerve with many readers. These columns focused on that even with all the changes over the past two decades - instant access to data, end customers who want self-service digital tools and full-service support, and many other changes- AI … [Read more...] about Part 3 – All good things in distribution start when a pick ticket prints in the warehouse
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?
