Industrial distributor MSC Industrial Supply Co. (NYSE: MSM), Melville, NY, reported sales for the fiscal year ended September 2 of $2.9 billion, up 0.8 percent from the previous year. Profit for the fiscal year increased slightly to $231.4 million.
Fourth quarter sales were $753.8 million, up 1.2 percent compared to the same quarter a year ago. Profit for the quarter decreased 1.8 percent to $60.7 million.
"Conditions steadily improved in the quarter as manufacturing continued to firm," said Erik Gershwind, president and CEO of MSC. "MSC achieved sales growth across all customer types with particular strength in National Accounts and CCSG. This momentum continued into the first two months of fiscal 2018."