Inside Long Island Business
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MSC Industrial Direct reports jump in sales
Photo credit: Newsday / J. Conrad Williams Jr.
MSC Industrial Direct Co., a Long Island based distributor of industrial tools and supplies, Wednesday reported a 19 percent jump in sales.
Revenue at the Melville company rose to $635.3 million during June, July and August, compared to the same period last year. Net income for the fourth quarter climbed 16 percent, to $68.9 million, or $1.10 per share.
“Despite an increasingly difficult...
