MSC net income down 40%

Maintenance, repair, and operations supplier MSC Industrial Direct (NYSE: MSM) suffered a 40% decline in fiscal third-quarter income and a 13% drop in net sales. For the three months ended March 2, MSC posted income of $8.7 million on sales of $194.8 million. Twelve months prior, it reported net income of $14.4 million on sales of $223.1 million.

On the positive side, Melville, NY-based MSC said that orders were up from the previous quarter, improved during the quarter, resulting in the first sequential rise in revenue and net income after three quarters of decline.

Partner Content

3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Build the Foundation for Great Customer Experiences - NetSuite
Understand how consistent, timely, relevant and personalized experiences are enabled by having the right technology foundation in place.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.