MSC Industrial Income Rises Nearly 40%

MSC Industrial Direct Co. Inc. reported net income of $47.4 million for the fourth quarter, a 39% surge over net income of $34.1 million in the prior year.

The maintenance supplies direct marketer posted direct marketer posted net sales of $450.5 million for the quarter ended Sept. 1, a 16.7% increase over net sales of $385.9 million last year.