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
Fastenal
MDM’s Industrial Distributors Top 50 list had some big changes
Every Year, one of my favorite webcasts to participate in is the Modern Distribution Management (MDM) top distributor webinar where we announce the rankings for electrical and industrial channel with the MDM Team. MDM has been ranking the largest North American distributors across 20 different distribution sectors for many years. What makes it even more fun is that I get to … [Read more...] about MDM’s Industrial Distributors Top 50 list had some big changes
The Industrial Distributors Top 50 list has some big changes coming in the rankings
One of my favorite webcasts to participate in every year is the Modern Distribution Management (MDM) top distributor webinar in we announce the rankings for the largest North American distributors across 20 different distribution sectors. What makes it even more fun is that I get to work with MDM on the final rankings for the Top 50 Industrial Distributors list. *At Channel … [Read more...] about The Industrial Distributors Top 50 list has some big changes coming in the rankings
Fastenal Sales Segmentation Insights – Opinion
It is unusual for a large B2B publicly traded distributor to share details at the level Fastenal has recently provided during their Investor Day, their quarterly results, and annual report. In this column we will cover Fastenal's recent releases on Sales, Customer Segmentation, and their Focus 40 program. We follow them closely on Industrial Supply Trends as they are one of … [Read more...] about Fastenal Sales Segmentation Insights – Opinion
Fastenal Q1 Earnings – Tariffs take Center Stage
Fastenal’s reported first quarter 2025 earnings with revenues above slightly above expectations, growing 3.4% year-over-year to $1.96 billion, and meeting earnings per share expectations. In addition, Fastenal experienced increases from large customer signings, growth in the number of customer sites spending $10K or more per month and growth in the average monthly sales per … [Read more...] about Fastenal Q1 Earnings – Tariffs take Center Stage
