MSC Sales Down 4.5% in Fiscal 2Q

Profit for the quarter was $55.5 million, down 18.9% from the same quarter a year ago.
MSC Industrial office building

Industrial distributor MSC Industrial Direct Co. Inc. (NYSE: MSM), Melville, New York, reported sales for its fiscal second quarter ended February 29 of $786.1 million, a decrease of 4.5% from the prior-year period. Profit for the quarter was $55.5 million, down 18.9% from the same quarter a year ago.

Sales for the first six months were $1.6 billion, down 2.7% compared to the prior-year period. Profit was $120.9 million, down 15.3%.

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