MSC Industrial Direct Co. Inc. (MSM)

MSC Industrial Direct Co., Inc. (MSC), together with its subsidiaries, operates as a direct marketer and distributor of metalworking and maintenance, repair, and operations (MRO) supplies to industrial customers throughout the United States. Its product line comprises cutting tools; measuring instruments; tooling components; metalworking products; fasteners; flat stock; raw materials; abrasives; machinery hand and power tools; safety and janitorial supplies; plumbing supplies; material handling tools; power transmission products; and electrical supplies. MSC distributes approximately 600,000 industrial products from approximately 3,000 suppliers. The company offers its products through a combination of approximately 29 million direct-mail catalogs and CD-ROMs, branch sales offices, sales people, the Internet, and through associations with B2B e-commerce portals to individual machine shops, Fortune 1000 companies, and government agencies, including the General Services Administration and the Department of Defense. MSC Industrial Direct Co., Inc. was founded in 1941 and is headquartered in Melville, New York with an additional office in Southfield, Michigan.

For the fiscal year ended 26 August 2006, MSC Industrial Direct Co., Inc.'s revenues increased 20% to $1.32B. Net income increased 21% to $136.4M. Revenues reflect growth in manufacturing & non-manufacturing sectors, demand for products, increased contribution from J & L Industrial Supply and expansion of west coast operations. Net income also reflects improved operating margins and higher other income.