Posted June 10, 2020

MSC sees uptick in May sales

The coronavirus pandemic continues to boost sales of PPE at MSC Industrial Supply, resulting in an overall sales gain for the month of May.

Net sales for the month were $269.6 million, an increase of 6.3 percent compared to the same period in the prior fiscal year.

Average daily sales of $14.2 million compared to $13.4 million in May 2019.

Net sales for the fiscal third quarter were $835.0 million, a decrease of 3.6 percent compared to the same period in the prior fiscal year.

"May net sales grew over the prior year, driven by the fulfillment of the large safety and janitorial backlog that had built in prior months," according to a company press release. At the same time, booking levels for safety and janitorial orders came down during May from the elevated levels of March and April. As a result, order backlog decreased and now stands at approximately $100 million, which is below last month, but still above historic levels.

Orders and invoicing for non-safety and non-janitorial product lines continued to see double digit declines versus the prior year, although average daily sales rates improved at a modest rate through the month of May, as some previously closed customer sites began reopening. Lastly, gross margins continued recent trending and remained solid through the quarter, the company said.