MSC Sales Up 15% in First Quarter - Modern Distribution Management

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MSC Sales Up 15% in First Quarter

Profit grew 26% for the metalworking, MRO distributor.
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MSC Industrial Direct Co., Inc. (NYSE: MSM), Melville, NY, No. 12 on the list of top industrial distributors, reported sales for the first quarter ended Nov. 26, 2011, were $545.7 million, up 15.4 percent over the prior year period. Profit increased 25.8 percent to $59.8 million.

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\”I’m gratified that the execution of our model continues at historic highs fueling our strong results,\” said Erik Gershwind, president and COO. \”Market conditions reflect a moderate growth environment as customers are generally more optimistic as activity levels remain solid. They remain focused on productivity and cost reduction which bodes well for MSC.\”

MSC completed the integration of American Tool Supply during the quarter.

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