MSC’s Sales Up 11% - Modern Distribution Management

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MSC’s Sales Up 11%

Healthy manufacturing environment drives solid results in fiscal third quarter.
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Industrial distributor MSC Industrial Direct Co. Inc. (NYSE: MSM), Melville, NY, reported sales of $828.3 million for its fiscal third quarter, ended June 2–an 11 percent increase compared to the year-ago period. Quarterly profit was $79 million, a 26 percent increase compared with the third quarter last year.

A healthy manufacturing environment and sustained pricing helped drive the results, president and CEO Erik Gershwind said. The results reflect costs related to MSC’s recent acquisition of AIS, announced in May.

 

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