University of Minnesota – IMD Tech News

Fastenal Q3 2025 Earnings Analysis: Strong Sales Growth Despite Earnings Miss

Fastenal delivered robust third-quarter performance with double-digit sales and profit increases, though earnings narrowly missed analyst expectations. The industrial distributor saw particular strength in manufacturing segments and safety products despite sluggish industrial production.

Industrial distributor Fastenal Company demonstrated strong operational performance in the third quarter of 2025, posting double-digit growth across key financial metrics while navigating challenging market conditions. The Minnesota-based company, ranked No. 4 on ID’s 2025 Big 50 list, reported substantial sales increases and profit growth, though its earnings per share fell slightly short of Wall Street expectations.

Third Quarter Financial Performance Highlights

by Gabriel NovakOctober 15, 2025

Arts and Entertainment Business Acquisition

From JPMorgan to AI Investment Banking: Why I Took the Calculated Risk

Varun Agarwal left his secure investment banking career at JPMorgan to join OffDeal, an AI-native investment bank. He explains how artificial intelligence is transforming dealmaking and why he has no regrets about taking the calculated risk toward innovation.

When Varun Agarwal decided to leave his prestigious position at JPMorgan Chase to join an AI investment bank, many colleagues questioned his judgment. Yet for Agarwal, the move represented a strategic evolution in his investment banking career—one that has already provided more substantial dealmaking experience than his traditional banking role. “I get more dealmaking experience at OffDeal than at JPMorgan,” Agarwal confirms, highlighting how artificial intelligence is reshaping financial services.