MSC's December Growth a Welcomed Sign of Market Recovery : c

MSC's December Growth a Welcomed Sign of Market Recovery


MSC's December Growth a Welcomed Sign of Market Recovery
MSC's September-November sales fell 6 percent over-over-year despite major safety & janitorial gains, but momentum built through the end of 2020.
Jan 6th, 2021
Metalworking and MRO products distributor MSC Industrial Supply kicked off the first quarterly earnings reporting period for industrial distributors on Wednesday, and its results hint that market conditions continue to improve, but are still pre-pandemic levels.
For its 2021 first quarter that ended Nov. 28, 2020, MSC reported total sales of $772 million, down 6.3 percent year-over-year overall, with average daily sales down by that same amount. Sequentially, that compares with Q4 2020 sales of $748 million that were down 11.3 percent overall and down 12.7 percent on an average daily basis.

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