Hardware

MSC Industrial Supply boosts Q3 2023 vending sales

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June 29, 2023

Vending machine sales grew 10% for MSC Industrial Supply Co. in Q3 2023 over Q3 2022, representing 15% of total company net sales, the company reported in an earnings release.

The 10% was in line with the company's overall sales growth for the period. Company sales rose to $1.05 billion.

The company's net income declined 4.5% from $99.7 million to $95.2 million, while diluted EPS fell 5.1% from $1.78 to $1.69.

MSC Industrial Supply Co. is a Melville, New York based distributor of metalworking and maintenance, repair and operations products and services.