MSC Industrial Direct Co. Inc., Melville, NY, (NYSE: MSM), MRO distributor and No. 13 on MDM's list of the top 40 industrial distributors, reported sales for the fourth quarter fiscal 2010 were up 30.3 percent to $461.4 million. Profit was $44.1 million, up from $26 million in the prior-year period.
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For fiscal 2010, sales were $1.69 billion, compared with $1.49 billion in 2009, up 13.4 percent. Profit for the year was $150.4 million.
David Sandler, President and CEO, said: “By investing in our Company throughout the downturn, we have taken advantage of a unique opportunity to grow our business at an accelerated pace as market conditions return to more normalized levels. Our investment program has produced a large and growing value gap between MSC and our smaller, less well competitors that has contributed to our momentum and that we will continue to leverage going forward.”