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Market Analysis

MSC Voices ‘Leveling’ Market Tone

"The tone on the ground is one of leveling rather than significant declines,” said MSC CEO Erik Gershwind during a June 29 3Q earning call.

July 19, 2023

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Regarding demand and pricing, MRO and metalworking supplies distributor

MSC Industrial Supply

officials say the market environment is leveling. During a June 29 earnings call in which the company

presented double-digit sales growth for the fifth consecutive quarter

, MSC CEO Erik Gershwind said the company is seeing stable volume and customer activity levels, favorable conditions in end markets such as automotive and aerospace, and moderating pricing conditions.  “We have seen some more softening across some areas of the business during the fiscal third quarter, but the tone on the ground is…

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