MSC Industrial Direct Co., Inc. Reschedules Fourth Quarter And Full Year 2012
Earnings Announcement Due To Severe Storm
MELVILLE, N.Y., Oct. 29, 2012
MELVILLE, N.Y., Oct. 29, 2012 /PRNewswire/ --MSC INDUSTRIAL DIRECT CO., INC.
(NYSE: MSM), "MSC" or the "Company," the premier distributor of Metalworking
and Maintenance, Repair and Operations ("MRO") supplies to industrial
customers throughout the United States, today announced that due to the severe
weather expected, it will now release its fiscal fourth quarter and 2012 full
year results before the market opens on Wednesday, October 31, 2012. The
Company will also host its conference call the same day at 11:00 am ET.
Erik Gershwind, President and COO of MSC Industrial Direct Co., Inc. commented
on the announcement, stating "Due to the severe weather on the eastern
seaboard, we felt it was prudent and in the best interest and safety of our
associates and investors to reschedule our earnings release and conference
call by one day to allow for the storm to pass."
The conference call and webcast details remain as previously announced. To
access the webcast, please visit the Company's website at:
http://www.mscdirect.com. An online archive of the broadcast will be available
within one hour of the conclusion of the call and remain available until
Friday, November 30, 2012.
Alternatively, the conference call can be accessed by dialing 1-800-860-2442
(U.S.) or 1-412-858-4600 (international). A replay will be available within
one hour of the conclusion of the call and will remain available until Friday,
November 30, 2012. The replay is accessible by dialing 1-877-344-7529 (U.S.)
or 1-412-317-0088 (international) and entering passcode 10019359.
About MSC Industrial Direct Co., Inc. MSC Industrial Direct Co., Inc. is one
of the largest distributors of Metalworking and Maintenance, Repair and
Operations ("MRO") supplies to industrial customers throughout the United
States. MSC employs one of the industry's largest sales forces and distributes
approximately 600,000 industrial products from approximately 3,000 suppliers.
In-stock availability is approximately 99%, with next day standard delivery to
the contiguous United States on qualifying orders up until 8 p.m. Eastern
Time. For more information, visit MSC's website at http://www.mscdirect.com.
Note Regarding Forward-Looking Statements: Statements in this Press Release
may constitute "forward-looking statements" under the Private Securities
Litigation Reform Act of 1995. All statements, other than statements of
historical fact, that address activities, events or developments that we
expect, believe or anticipate will or may occur in the future, including
statements about expected future results, are forward-looking statements.
Forward-looking statements involve risks and uncertainties that could cause
actual results to differ materially from those anticipated by these
forward-looking statements. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date hereof.
The inclusion of any statement in this release does not constitute an
admission by MSC or any other person that the events or circumstances
described in such statement are material. Factors that could cause actual
results to differ materially from those in forward-looking statements include:
problems with successfully integrating acquired operations, current economic,
political and social conditions, changing customer and product mixes,
financial restrictions on outstanding borrowings, industry consolidation,
competition, general economic conditions in the markets in which we operate,
volatility in commodity and energy prices, credit risk of our customers, risk
of cancellation or rescheduling of orders, work stoppages or other business
interruptions (including those due to extreme weather conditions) at
transportation centers or shipping ports, the risk of war, terrorism and
similar hostilities, dependence on our information systems and on key
personnel, and the outcome of potential government or regulatory proceedings
or future litigation relating to pending or future claims, inquiries or
audits. Additional information concerning these and other risks is described
under "Risk Factors" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations" in the reports on Forms 10-K and 10-Q
that we file with the U.S. Securities and Exchange Commission. We assume no
obligation to update any of these forward-looking statements.
SOURCE MSC Industrial Direct
Contact: Investor Contact: John G. Chironna, VP Investor Relations &
Treasurer, MSC Industrial Direct Co. Inc., +1-516-812-1216; Media Contact:
Rachel Rosenblatt, FTI Consulting - Strategic Communications, +1-212-850-5600
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