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Home » Distribution Industry News » MSC Industrial Supply Sales Up 10.7% in Fiscal Third Quarter 2022

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  • Published on: June 29, 2022

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  • Picture of Jonathan Bein Jonathan Bein

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Distribution Industry News

MSC Industrial Supply Sales Up 10.7% in Fiscal Third Quarter 2022

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.” 

Watch our conversation with Erik Gershwind on how MSC is reimagining their value proposition in a digital world. 

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Jonathan Bein
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Jonathan Bein, Ph.D. is Managing Partner at Distribution Strategy Group. He’s
developed customer-facing analytics approaches for customer segmentation,
customer lifecycle management, positioning and messaging, pricing and channel strategy for distributors that want to align their sales and marketing resources with how their customers want to shop and buy. If you’re ready to drive real ROI, reach out to Jonathan today at
jbein@distributionstrategy.com.

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