MSC Industry Supply Co. reported sales, including fasteners, rose 4.6% to $866.5 million in fiscal 2019 third quarter ended June 1.

Operating income fell 4.2% to $110.5 million, with operating margin down a full percentage point to 12.8%.

Net income increased 0.7% to $79.6 million.

CEO Erik Gershwind said he was “disappointed” in the results.

“We have seen a step-down in demand since April, while the pricing environment remains uncertain due to the overhang of tariffs and trade.”

Nine-month sales, including fasteners, climbed 6.6% to $2.52 billion, with operating income down 1% to $309.5 million and net income dropping 13.3% to $222.3 million.

Over the next two months, MSC expects sales to rise to a range of $835 million to $851 million. Web: MSCDirect.com