MSC Industrial Supply Co.

With big sale looming, Park Electrochemical shines

  PARK ELECTROCHEMICAL CORP. Headquarters: Melville Industry: Composites manufacturing NYSE: PKE Reporting Date: June 22, 2018 Reporting Quarter: 1Q FY2019 Quarter Ended: May 27, 2018 Numbers: Reported first-quarter net sales were $31.1 million, up 13.5 percent from the $27.4 million reported for the same quarter last year. Quarterly net earnings (before special items) were reported as $3.16 million, a 127-percent year-over-year increase, and diluted earnings per share came in at 16 cents, up from the…


At Henry Schein, worth a Fortune and still climbing

By GREGORY ZELLER // Long Island’s only Fortune 500 company is actually a little more Fortune-ate than it was last year – thought its success is based on anything but luck. Melville-based global distributor Henry Schein Inc. – a stalwart supplier of the medical, dental and animal health industries – claims the 238th spot in Fortune magazine’s 64th annual list of America’s largest corporations, released Monday. That’s a five-spot jump from the company’s 2017 ranking….


No. 272: Stalin says hello, MSC Industrial rides the momentum and understanding why Central Islip needs two Marriotts

Well done: Congratulations, true believers – it’s Friday and you made it! For successfully completing 2018’s first five-day workweek, approximately 37 percent of you (according to a Bloomberg study) will now enjoy a three-day weekend. Seems U.S. businesses treat Martin Luther King Jr. Day, a federal holiday, about the same as President’s Day, insofar as paid vacations. (Schools, banks and stock markets get it right). All hail: However your weekend shapes up, today, Jan. 12,…


254: A strong 4th quarter, a new STREAM center, members-only beer club and 71 Michelin stars

NOVEMBER ALREADY!?!: Yep, it’s Nov. 1, also known as All Saints Day – a national salute to all the professional parents who double-time it on Oct. 31 to meet deadlines, file reports, run staff meetings, connect with customers, complete inventories and otherwise TCB so they can rush home to take their kids trick-or-treating. We’d like to tell you to go ahead and kick off early today, but you kind of did that yesterday, didn’t you?…


MSC Industrial eyes Midwest in metalworking merger

A Melville-based industrial equipment distributor has snapped up an Iowa-based industrial supplier. Terms of the deal were not officially disclosed, but multiple published reports have MSC Industrial Supply Co. acquiring DECO Tool Supply Co. for roughly $42 million. The transaction was completed July 31, according to MSC, a premier distributor of metalworking and MRO products – for “maintenance, repair and operations” – to industrial customers throughout North America. MSC is “extremely excited” about the acquisition…