MSC Industrial Direct 3Q Sales Increase 14.3%
MSC Industrial Direct Co., Melville, NY, distributor of MRO supplies to industrial customers throughout the U.S., reported sale for the third quarter fiscal 2006 rose 14.3% to $329.8 million from $288.5 million in the same period last year. Results are for the quarter ended May 27, 2006.
Net income for the third quarter rose 20.6% to $37 million versus $30.7 million in the year-ago period.
For the first nine months of fiscal 2006, MSC's sales rose 13.2% to $931.7 million, compared with net sales of $823.2 million a year ago. Net income in the fiscal 2006 nine-month period was $102.3 million compared to $84.1 million in the year-ago period, an increase of 21.6% in net income.
"We are pleased to report ...