MSC Industrial Direct Co., Inc., a distributor of metalworking and maintenance, repair and operations supplies to industrial customers throughout the United States, reported sales for the second quarter ended Feb. 28, 2009, were $351.9 million, a decline of 19.4% from the second quarter a year ago. Profit declined 44.6% to $26.3 million.
Fiscal year-to-date, sales were $784.9 million, down 10.2% from the first half of fiscal year 2008. Profit was down 24.3%.
By carefully controlling our costs, we were able to achieve margins that were above our expectations despite the soft sales environment. We remain focused on controlling our costs, and recently took additional steps which will allow us to significantly reduce our expenses and drive further reductions …
MSC Industrial 2Q Sales Drop 19.4%
MSC Industrial Direct Co., Inc., a distributor of metalworking and maintenance, repair and operations supplies to industrial customers throughout the United States, reported sales for the second quarter ended Feb. 28, 2009, were $351.9 million, a decline of 19.4% from the second quarter a year ago. Profit declined 44.6% to $26.3 million.
Fiscal year-to-date, sales were $784.9 million, down 10.2% from the first half of fiscal year 2008. Profit was down 24.3%.
By carefully controlling our costs, we were able to achieve margins that were above our expectations despite the soft sales environment. We remain focused on controlling our costs, and recently took additional steps which will allow us to significantly reduce our expenses and drive further reductions …
Share this article
- Filed In: Companies, Free, News, Subscriber Only, Top Distributor Sectors
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
