MSC Industrial Supply Co.

Orbit rises above ‘issues,’ but Lifetime suffers 3Q loss

  ORBIT INTERNATIONAL CORP. Headquarters: Hauppauge Industry: Capital goods OTC: ORBT Reporting Date: Nov. 9, 2017 Reporting Quarter: 3Q FY2017 Quarter Ended: Sept. 30, 2017 Numbers: Net sales were reported as $5.00 million, down 8.8 percent from the $5.48 million reported for 3Q FY2016. But year-over-year reported net income rose – from $455,000 (11 cents per diluted share) to $699,000 (19 cents per diluted share) – and earnings before EBITDA held virtually steady ($507,000 and…


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…