MSC Industrial Supply reported sales, including fasteners, grew 1.2% to $753.8 million in the fourth quarter of fiscal 2017, which ended September 2. Average daily sales increased 9.2% year-over-year, with 150 basis points of growth from the July acquisition of DECO Tool Supply – MSC’s first acquisition in four years. Fiscal Q4 operating margin was flat at 13.3%.

Full-year sales increased 0.8% to $2.9 billion, while average daily sales improved 3.2%. Operating margin remained flat at 13.1%.

CEO Erik Gershwind called fiscal 2017 the company’s “first year of significant earnings growth since 2012.”

“Conditions steadily improved in the quarter as manufacturing continued to firm,” Gershwind added. “MSC achieved sales growth across all customer types with particular strength in National Accounts and CCSG.” Web: MSCDirect.com