MSC Industrial 4Q sales climb 7.8 percent
MSC Industrial Direct reported net sales for the fourth quarter of fiscal 2014 were $726.6 million, an increase of 7.8% over $673.8 million in the same quarter a year ago.
Net income of $62.8 million, or $1.01 per share, compared to income of $56.3 million, or 89 cents per share, for the same period last year.
For the 2014 fiscal year, net sales increased 13.4% to $2.8 billion from $2.5 billion in fiscal year 2013. Net income for the year was $236 million, or $3.76 per diluted share, compared to $237.9 million, or $3.75 per share, last year.
"Our organic growth rate accelerated above industry rates as fiscal 2014 progressed and our share gains continued despite the headwinds of the abnormally soft pricing environment," said Erik Gershwind, president and chief executive officer.
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.
