Latest In MSC Industrial Supply Co.

MSC Industrial Direct Co., Melville, NY, distributor of metalworking and MRO supplies to industrial customers, reported sales in the fiscal year 2008 were $1.778 billion, up 7.5% from the prior year. Profit for the year was $196.2 million , up from $173.9 million in fiscal 2007.
 
We are pleased with our performance in the fiscal 2008 fourth quarter, which completed another very strong year for MSC,”said David Sandler, president and CEO. “During the quarter we strongly executed on our plan to gain market share from smaller, less well capitalized competitors that cannot offer the same combination of product breadth, customer service, and financial strength as MSC. Those attributes become even more important to customers, both large and small, during challenging economic times, …

MSC Industrial Direct Inc., Melville, NY, a distributor of metalworking and MRO supplies, reported sales in the third quarter 2008 ended May 31, 2008, rose 6.1% to $457.2 million over the third quarter 2007.
 
Profit in the third quarter was $51.4 million, an increase of 12.3%. 
 
Sales for the first nine months of 2008 increased to $1.33 billion, 7.6% over the same period a year ago. Profit was up 15.1% to $145.7 million. …

MSC Industrial Direct’s latest Safety Products Catalog launch is part of its strategy to further penetrate existing customer accounts, according to Erik Gershwind, MSC’s senior vice president of product management, marketing and strategy.
 
The interest in safety products has been building in our customer base for the past few years,” Gershwind said. “We definitely saw a demarcation point after 9/11. Our customer base has a heightened sense of awareness of keeping the workplace safe and protecting the well-being of their employees.”
 
Gershwind told MDM that penetration of existing accounts was a key growth strategy for the industrial distributor, based in Melville, NY. The company is also planning to grow its business into new customer and product …

MSC Industrial Direct Inc., Melville, NY, distributor of Metalworking and Maintenance, Repair and Operations supplies to industrial customers, reported sales in the second quarter 2008 ended March 1 were up 7.9% to $436.5 million. Profit was $47.5 million, an increase of 17.2%.
 
Sales in the first half 2008 were up 8.4% to $874 million from the same period a year ago. Profit increased 16.7% to $94.3 million. …

MSC Industrial Direct Inc., Melville, NY, distributor of MRO supplies to industrial customers in the U.S., reported sales in fiscal year 2007 ended Sept. 1 were $1.7 billion, up 28.1%. J & L Industrial Supply was acquired in June 2006, and contributed $218.9 million for the first three quarters of fiscal 2007.
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Profit for the year was $173.9 million, an increase of 27.5%.
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Sales for the fourth quarter were $450.5 million, up 16.7% from the prior-year period. Profit was up 39% to $47.4 million.
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The fourth quarter marked the completion of MSC’s integration of J & L. MSC has completed the consolidation of J & L’s distribution centers and support functions into MSC. Sales force training program has seen good initial progress” as the company looks …

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 Direct Inc., Melville, NY, distributor of MRO supplies to industrial customers, reported sales of $404.6 million in the second quarter 2007, an increase of 32.3% from the same period last year. J & L Industry Supply, acquired in 2006, accounted for 70% of this growth.

Growth minus the J & L acquisition was 9% in the second quarter, according to MDM calculations.
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Profit for the second quarter 2007 increased 21.5% to $40.5 million.
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Sales in the first half of fiscal 2007 were $806.6 million, an increase of 34% versus a year ago, with J & L accounting for 70% of this growth. Growth minus J & L was about 10% in the first half.&nbsp ; Profit for the first half of fiscal 2007 was $80.8 million, compared to $65.3 million in the …

MSC Industrial Direct Inc., Melville, NY, distributor of MRO supplies to industrial customers, reported sales of $402 million for the first quarter 2007, an increase of 35.9% from the same period in fiscal 2006. Profit increased 26.2% to $40.3 million from the year-ago period.