Headquarters: Melville, NY
2017 revenue: $2,887,744,000
16:17 Change: 0.85%
2016 Revenue: $2,863,505,000
Key Executives: Erik Gershwind, President & CEO; Rustrom Jilla, EVP & CFO
MSC Industrial Supply saw a rather flat year overall with 2017 sales up only slightly from 2016.
However, Erik Gershwind, president and CEO, remained upbeat in looking at the ’17 numbers.
“Conditions steadily improved … as manufacturing continued to firm. MSC achieved sales growth across all customer types with particular strength in national accounts…. This momentum continued into the first two months of fiscal 2018,” he said. “Looking forward, we expect to continue growing earnings and expanding operating margins, particularly if the early signs of price inflation materialize in 2018.”
In August, 2017, MSC acquired DECO Tool Supply Co., an industrial supply distributor based in Davenport, Iowa.