MSC Industrial Supply Co., Melville, N.Y., a distributor of metalworking and MRO products and services, reported sales of $954 million in its fiscal 2024 first quarter ended Dec. 2, 2023, down 0.4% year over year.
Don’t miss any content from Distribution Strategy Group. Join our list.
“Our fiscal first-quarter results reflect strong execution in a challenging environment,” said Erik Gershwind, president and CEO. “Our team remained focused on executing against the pillars of our updated strategy. This focus resulted in 35% growth in the installed base of In-Plant programs, double-digit growth in the installed base of vending units, high single-digit growth in other important areas such as the Public Sector, and continued productivity savings.”
Profit was $69 million, down from $81 million in the year-ago period.
