MSC Industrial Direct Co., Inc. reports net sales up 16.5% in FY2012
Net sales for the fourth quarter of fiscal 2012 were $635.3 million, an increase of 19.1% over net sales of $533.2 million in the fourth quarter of fiscal 2011. Average daily sales for the period grew 10.4%.
Excluding non-recurring costs of $1.2 million associated with the previously announced co-location of the Company’s headquarters in Davidson, North Carolina, adjusted operating income for the fiscal 2012 fourth quarter was $109.2 million, or 17.2% of net sales, compared to $93.9 million, or 17.6% of net sales in the same quarter a year ago. GAAP operating income for the fiscal 2012 fourth quarter was $108.0 million.