MSC Industrial Supply (NYSE: MSM), Melville, N.Y., a distributor of metalworking and MRO products and services, reported sales for its fiscal third quarter 2022 were up 10.7% from the prior-year quarter to $958.6 million. Profit was $99.7 million.
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Fiscal year-to-date, sales were $2.7 billion, up from $2.4 billion in the year-ago period.
“We achieved double-digit average daily sales growth, roughly 500 basis points above the industrial production index,” said Erik Gershwind, president and CEO. “We saw gross margins sequentially and year over year thanks to strong price realization in an inflationary environment.”
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