MSC s Sales, Profit Grow as Gross Margin Improves inddist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inddist.com Daily Mail and Mail on Sunday newspapers.
The company said it is already planning additional growth investments.
Apr 7th, 2021
Typically the first publicly-traded industrial distributor to report its quarterly earnings, MSC Industrial Supply s fiscal results tend to serve as a barometer for the health of the MRO and metalworking products sector within industrial distribution. And by that measure, those verticals appear to be nearly recovered to their pre-pandemic levels.
For the 13 weeks ended Feb. 27 (MSC s 2021 second quarter), the company reported total sales of $774 million, down 1.5 percent year-over-year (YoY) and up narrowly from $772 million in Q1 when they were down 6.3 percent YoY. Q1 average daily sales likewise were down 1.5 percent YoY.