MRO supplier MSC Industrial Supply Co. reported a 0.4% sales decline to $954 million in the first quarter of fiscal 2024, which ended December 2, 2023.

Operating income totaled $101.6 million, with an operating margin of 10.6%.

The first quarter “resulted in 35% growth in the installed base of In-Plant programs, double-digit growth in the installed base of vending units, high single-digit growth in other important areas such as the Public Sector, and continued productivity savings,” explained CEO Erik Gershwind.

In fiscal 2023, sales increased 8.6% to $4 billion, with operating income totaling $483.7 million. Operating margin reached 12.1%. Web: mscdirect.com