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

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
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.