MSC Industrial Direct Inc., Melville, NY, distributor of MRO supplies to industrial customers throughout the U.S., reported sales of $431 million in third quarter 2007, an increase of 30.7% from the same period a year ago. Sales from the J & L Industrial Supply acquisition accounted for about 74% of the growth.
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Profit in the third quarter 2007 increased 23.6% to $45.8 million, compared with $37 million in the prior-year period.
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For the first nine months of fiscal 2007, sales rose 32.8% to $1.24 billion; J & L represented 72% of this growth. Profit for the first nine months was $126.6 million, an increase of 23.7%.
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MSC reported that the J & L integration was on track. MSC has completed the migration of the distributor to the MSC computer …
MSC Industrial Sales Rise 30.7% in 3Q
MSC Industrial Direct Inc., Melville, NY, distributor of MRO supplies to industrial customers throughout the U.S., reported sales of $431 million in third quarter 2007, an increase of 30.7% from the same period a year ago. Sales from the J & L Industrial Supply acquisition accounted for about 74% of the growth.
  ;
Profit in the third quarter 2007 increased 23.6% to $45.8 million, compared with $37 million in the prior-year period.
  ;
For the first nine months of fiscal 2007, sales rose 32.8% to $1.24 billion; J & L represented 72% of this growth. Profit for the first nine months was $126.6 million, an increase of 23.7%.
  ;
MSC reported that the J & L integration was on track. MSC has completed the migration of the distributor to the MSC computer …
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