MELVILLE, N.Y. (AP) -- MSC Industrial Direct Co.'s profit for the fiscal second-quarter climbed 21 percent, helped by acquisitions and its growing vending program.
The distributor of metalworking, maintenance, repair and operations supplies also provided a third-quarter outlook on Wednesday that is above Wall Street's expectations.
Its shares rose 3 cents to $84.30 in premarket trading.
MSC reported net income of $60.1 million, or 95 cents per share, for the period ended Feb. 25, up from $49.7 million, or 78 cents per share, a year earlier.
This met the expectations of analysts polled by FactSet.
Revenue rose 17 percent to $563 million from $483.4 million, topping Wall Street's $554.6 million.
The Melville, N.Y., company anticipates third-quarter earnings of $1.08 to $1.12 per share on revenue between $610 million and $622 million.
Analysts expect earnings of $1.07 per share on revenue of $593.2 million.
MSC distributes about 600,000 industrial products from approximately 3,000 suppliers to about 325,000 customers.
