MSC Industrial Reports Softening in 2Q - Modern Distribution Management

MSC Industrial Reports Softening in 2Q

MSC Industrial Direct Inc., Melville, NY, distributor of MRO supplies to industrial customers, reported sales of $404.6 million in the second quarter 2007, an increase of 32.3% from the same period last year. J & L Industry Supply, acquired in 2006, accounted for 70% of this growth.

Growth minus the J & L acquisition was 9% in the second quarter, according to MDM calculations.
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Profit for the second quarter 2007 increased 21.5% to $40.5 million.
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Sales in the first half of fiscal 2007 were $806.6 million, an increase of 34% versus a year ago, with J & L accounting for 70% of this growth. Growth minus J & L was about 10% in the first half.&nbsp ; Profit for the first half of fiscal 2007 was $80.8 million, compared to $65.3 million in the …

MSC Industrial Direct Inc., Melville, NY, distributor of MRO supplies to industrial customers, reported sales of $404.6 million in the second quarter 2007, an increase of 32.3% from the same period last year. J & L Industry Supply, acquired in 2006, accounted for 70% of this growth.

Growth minus the J & L acquisition was 9% in the second quarter, according to MDM calculations.
&nbsp ;
Profit for the second quarter 2007 increased 21.5% to $40.5 million.
&nbsp ;
Sales in the first half of fiscal 2007 were $806.6 million, an increase of 34% versus a year ago, with J & L accounting for 70% of this growth. Growth minus J & L was about 10% in the first half.&nbsp ; Profit for the first half of fiscal 2007 was $80.8 million, compared to $65.3 million in the …

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