MSC Industrial Supply Co. (NYSE: MSM), a North American MRO distributor, on Wednesday reported net sales of $831 million during its fiscal fourth quarter of 2021, an 11.1% increase over the same period in 2020.

The financial results reflected its fiscal 2021 Q4 and full year ended August 28. The fiscal 2021 4Q had one less selling day compared to the prior fiscal year quarter.

MSC ranks No. 12 on MDM’s Top Distributors list for industrial and construction distributors, with $3.1 billion in revenue in 2020.

The company also ranks No. 5 on MDM’s list for top MRO industrial distributors.

In its most recent quarter, MSC’s average daily sales growth of approximately 500 basis points was above the Industry Production Index.

The company had an operating income of $91.2 million, or $96.9 million excluding restructuring and other charges, and an operating margin of 11%, or 11.7% excluding restructuring and other charges.

MSC had a diluted EPS of $1.18 vs. $0.94 in the prior fiscal year quarter. Its adjusted diluted EPS of $1.26 was above the $1.09 from the prior fiscal year quarter.

The company also repurchased 231,000 shares during 4Q 2021.

“I am pleased with the progress against our long range targets,” MSC President and CEO Erik Gershwind said. “Our rate of market share capture continues to build. Our fiscal fourth quarter average daily sales growth rate of 12.9% was approximately 500 basis points above the Industrial Production Index. Fueled by the execution of our five growth drivers, our non-safety and non-janitorial product lines grew 20% during our fiscal fourth quarter.”

For its entire fiscal year, MSC had net sales of $3.2 billion, a 1.6% year-over-year increase.

The company had an operating income of $301.8 million, or $371.8 million excluding write-downs, restructuring and other charges, and an operating margin of 9.3%, or 11.5% excluding adjustments.

MSC’s diluted EPS was $3.87 in fiscal year 2021 vs. $4.51 in the prior fiscal year. Its adjusted diluted EPS was $4.81 vs. $4.74 the prior fiscal year.