MSC Industrial Direct Co. Inc. (NYSE: MSM), Melville, NY, reported sales for the fiscal 2015 first quarter ended Nov. 29, 2014, of $731.1 million, an increase of 7.8 percent compared to the same period a year ago.
Profit during the quarter was $57.4 million, a decrease of 2.8 percent compared to the same period a year ago. Adjusted operating income for the quarter was $97.5 million, or 13.3 percent of net sales, compared to $102.5 million, or 15.1 percent of net sales, in the same quarter a year ago.
"A slightly improved environment along with our increasing share gains resulted in improving growth for the fiscal first quarter," said Erik Gershwind, president and CEO. "This includes stronger growth in the base business, as well as sequential improvement in our growth rate through the quarter for our base business and for CCSG (Class C Solutions Group), which grew in the mid-single-digits in November."
