1/8/2015
NEWS BRIEFS
MSC Industrial Reports Sales Growth
MSC Industrial Supply Co. reported sales for the fiscal first quarter 2015 rose 7.8% to $731.1 million. Adjusted operating income was $97.5 million, or 13.3% of net sales, compared to $102.5 million, or 15.1% of net sales.
GAAP operating income totaled $94 million, or 12.9% of net sales, compared to $96.8 million, or 14.3% of net sales, in the same quarter a year ago.
“A slightly improved environment along with our increasing share gains resulted in improving growth for the fiscal first quarter,” stated CEO Erik Gershwind. “This includes stronger growth in the base business, as well as sequential improvement in our growth rate through the quarter for our base business and for CCSG, which grew in the mid-single-digits in November.
MSC expects net sales for fiscal second quarter 2015 to be between $717 million and $729 million.
Founded in 1941, MSC is headquartered at 75 Maxess Rd., Melville, NY 11747-3151. Tel: 516 812-2000 Web: mscdirect.com
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