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Barnes Acquisition Drives MSC Sales Up 16.2% in Fiscal 2Q

Industrial distributor MSC Industrial Direct Co. Inc. (NYSE: MSM), Melville, NY, reported sales for its fiscal second quarter ended March 1, 2014, of $661.5 million, an increase of 16.2 percent from the prior-year period. The acquired Barnes Distribution North America business contributed $69.8 million to sales in the fiscal second quarter.

Profit for the quarter was $49.5 million.

Sales were $1.34 billion for MSC’s fiscal first half, up 17.5 percent. Profit was $108.5 million.

“The manufacturing environment continues to show improvement,” said Erik Gershwind, president and CEO. “Despite the impact of weather disruptions, we continued to gain share in our core metalworking market and saw accelerated growth rates in our national account and government programs."

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