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The distributor announced an upcoming two-for-one stock split, marking Fastenal's ninth split in its history and first since 2019.
Based in Texas, Maverick Beverage is a distributor of wine and craft spirits, operating across six states with approximately 500 employees.
U.S. durable goods orders surged in March, far exceeding forecasts, driven by a jump in transportation equipment as firms rushed to beat potential tariffs.
Watsco reported softer first-quarter results as it navigates a product transition driven by new regulations impacting over half its sales, but showed healthy margin performance.
Uline is expanding its Reno presence with a new distribution center set to open in August, adding 25 jobs to meet growing demand.
TricorBraun appointed a well-known industry veteran to lead its global operations, succeeding Court Carruthers as he transitions to vice chair.
Though comparable sales declined year-over-year, the gap narrowed sequentially as EBITDA margin had a considerable jump from 4Q.
OmniCable opened a new facility in Buford, GA, consolidating two nearby locations to boost efficiency and better serve growing customer demand.
MDM won a Silver Azbee Award for its in-depth case study on Fastenal’s transformative shift to a digital-first distribution model, written by John Gunderson. It was the first feature in MDM's Case Study series, which continues to roll out new reports in 2025.
While total sales growth decelerated for 3M's Safety & Industrial segment, they ticked up sequentially in organic growth.
