MSC Industrial Supply, Melville, N.Y., reported sales of $4 billion in its fiscal 2023, up 8.6% year over year. Profit was $343.2 million.
Fourth-quarter sales were $1.03 billion, up 1.3%. Profit was $87 million.
“Fiscal 2023 was a monumental year as we exceeded $4 billion in annual net sales for the first time in company history,” said President and CEO Erik Gershwind. “Additionally, we enhanced our corporate governance into a structure that is more friendly to all shareholders, built upon our M&A strategy, and successfully completed our three-year Mission Critical program that strengthened our growth trajectory and operational excellence.”