August has brought some more good news to the U.S. economy in general and distribution in general based on the latest round of data reports showing continued momentum, but the industry has plenty of work yet to complete.
Latest In MSC Industrial Supply Co.
The industrial distributor said fiscal fourth-quarter sales to date (June and July) were down 14% from the year-ago period.
The industrial distributor said preliminary fiscal third-quarter sales were $835 million, which would mark a 3.6% decrease from year-ago period.
Combined net sales for the fiscal months of March and April (the first two months of the Company's fiscal third quarter) were $565.4 million, a decrease of 7.8% compared to the same period in the prior fiscal year.
Greg Clark, the company's vice president of finance and corporate controller, will assume the position of interim CFO following Rustom Jilla's departure.
Sales for first six months were up 6.6% compared to prior-year period.
Sales were up 6.6% in the first nine months.
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Edward Martin was most recently chief commercial officer at General Electrics Power's Industrial Solutions business.
M.A. Ford, Master Fluid Solutions, SCHUNK and Walter Receive Supplier Excellence Awards.
Sales for first six months were up 7.6% compared to prior-year period.
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The system and process involves a computer-based data warehouse that contains a cost-savings delivery mechanism.
As part of a planned transition, Jim Ruetz will be stepping down as CEO.
Distributor reports solid sales and earnings growth for fiscal first quarter 2019.
Distributor announces resignation of Senior VP of Sales, David Wright.
Fourth quarter sales were up 11.2 percent year-over-year.
Healthy manufacturing environment drives solid results in fiscal third quarter.
Sales for first six months were up 10.6 percent compared to prior-year period.
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