MSC sales up 7.8% in Q1
MSC Industrial reported net sales for the fiscal first quarter 2015 were $731.1 million, an increase of 7.8% from $678.5 million last year.
Adjusted net income for the quarter was $59.6 million, or 95 cents per diluted share, compared to $62.6 million, or 99 cents, in the same quarter a year ago.
“A slightly improved environment along with our increasing share gains resulted in improving growth for the fiscal first quarter," said Erik Gershwind, president and CEO. "This includes stronger growth in the base business, as well as sequential improvement in our growth rate through the quarter for our base business and for CCSG, which grew in the mid-single-digits in November. National Accounts and Government continued their strong momentum by posting growth rates well into the double digits.”
MSC expects net sales for fiscal second quarter 2015 to be between $717 million and $729 million.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
