The 2020 Mid-Year Economic Update_long

MSC Industrial Sales Up 16.5% in Second Quarter

Year-over-year profit for the second quarter increased 21 percent.

MSC Industrial Direct Co., Inc. (NYSE: MSM), Melville, NY, reported sales for its second quarter ended Feb. 25, 2012, were $563 million, up 16.5 percent over the same period a year ago. Profit increased 20.9 percent to $60.1 million.

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.


For the first six months of fiscal 2012, sales were $1.11 billion, up 15.9 percent year-over-year. Profit increased 23.4 percent to $119.9 million.

\”Our strong top and bottom-line performance in the second quarter was driven by the success of our growth initiatives, including the growth of our highly customized vending program and recent acquisitions,\” said Erik Gershwind, president and COO.

Based on current market conditions, for the fiscal 2012 third quarter the company expects net sales to be between $610 million and $622 million, and expects diluted earnings per share for the third quarter of fiscal 2012 to be between $1.08 and $1.12. This guidance primarily reflects continued growth in the Company’s core business, expected cyclical increases in product costs, dilution from our recent acquisition and planned increases in investment spending.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.