MSC Industrial Supply (NYSE: MSM), Melville, N.Y., a distributor of metalworking and MRO products and services, reported sales for its fiscal first quarter of 2023 were up 12.9% from the prior-year quarter to $957.7 million. Profit was $81.2 million.
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“We began the fiscal year on strong footing as average daily sales grew 12.9% or about 9 percentage points above the Industrial Production Index. Top-line performance was driven by the ongoing execution of our five growth drivers – solidify metalworking, leverage our portfolio strength, expand solutions, grow e-commerce and diversify customers and end markets,” Erik Gershwind, MSC President and CEO, said.
