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News Digest 4906

MSC Sales Up 7% in Fiscal 2Q

Industrial distributor MSC Industrial Direct Co. Inc. (NYSE: MSM), Melville, NY, reported sales for its fiscal second quarter ended March 2 of $823 million, an increase of 7% from the prior-year period. Profit for the quarter was $68.4 million, down 39.8% from the same quarter a year ago.

Sales for the first six months were $1.7 billion, up 7.6% compared to the prior-year period. Profit was $142.7 million, down 19.5%

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