Gross margin topped expectations with an uptick, while pricing continues to comprise nearly all of year-over-year sales growth.
Latest In MSC Industrial Supply Co.
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The U.S. government shutdown hampered sales in October and November, but the company expects continued acceleration in its current December-February quarter.
Current MSC COO Martina McIsaac will succeed Erik Gershwind following his planned retirement after 13 years as CEO.
Jahida Nadi has been named MSC Industrial's Senior Vice President of Sales.
MSC Industrial Supply named an interim CFO following the pending departure of Kristen Actis-Grande.
The company reported a year-over-year sales decline but sequential improvement, and its March achieved the company's best average daily sales in 19 months.
The company reported a decline in 2Q sales, impacted by a challenging operating environment and a cautious outlook despite progress in initiatives.
The metalworking and MRO supplies distributor has successfully transitioned from a catalog-driven product house that relied on spot-buys to its role today as a digitally-driven, “Mission Critical” company. MDM’s latest Case Study provides a deep dive into how MSC did it, and why.
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Our MDM Case Study series rolled out reports on Ferguson and Watsco down the stretch of 2024, with more to come in 2025. Here, the author of those case studies joins to share his key takeaways from researching those two companies and a preview of his next deep dive on MSC Industrial Supply.
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The figures showed a decline in sales driven by lower volumes, partially offset by acquisition benefits and a stronger than expected November.
Although sales decreased, the full-year gross margin increased by 70 basis points compared to the previous year, reaching 41.2%.
MSC’s current COO, with over 23 years of experience in various sales, marketing and operations, adds president to her role.
Rob Aarnes — President of ADI Global Distribution — joins MSC's board of directors as an independent member.
The company updated corrective actions it's taken in the wake of complexities in MSC's web pricing realignment rollout from earlier this year, which directly weakened sales and profits.
The two companies had combined revenue of just over $20 million in 2023 and have 58 employees.
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