MSC Industrial Supply Co. Declares Regular Quarterly Dividend, Payable on July 28, 2015
Jun 23 15
MSC Industrial Supply Co. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.40 per share. The $0.40 dividend is payable on July 28, 2015 to shareholders of record at the close of business on July 14, 2015. The ex-dividend date is July 10, 2015.
MSC Industrial Direct Co. Inc. Presents at Deutsche Bank 6th Annual Global Industrials and Basic Materials Conference 2015, Jun-04-2015 09:20 AM
Apr 10 15
MSC Industrial Direct Co. Inc. Presents at Deutsche Bank 6th Annual Global Industrials and Basic Materials Conference 2015, Jun-04-2015 09:20 AM. Venue: The Westin Chicago River North, 320 North Dearborn Street, Chicago, IL 60654, United States. Speakers: Steven Baruch, VP, Digital & Strategy.
MSC Industrial Direct Co. Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended February 28, 2015; Provides Earnings Guidance for the Third Quarter of 2015; Provides Capex Guidance for the Year 2015
Apr 8 15
MSC Industrial Direct Co. Inc. announced unaudited consolidated earnings results for the second quarter and six months ended February 28, 2015. The company's reported net sales of $706,400,000 against $661,513,000 a year ago. Income from operations was $85,874,000 against $81,722,000 a year ago. Income before provision for income taxes was $83,717,000 against $80,493,000 a year ago. Net income was $51,527,000 or $0.83 per diluted share against $49,512,000 or $0.79 per diluted share a year ago. GAAP operating income for the fiscal second quarter 2015 was $85,874,000 compared with $81,722,000 a year ago. Adjusted Operating income was $86,341,000 compared with $89,759,000 a year ago. GAAP net income was $51,527,000 or 0.83 diluted earnings per share compared with $49,512,000 or 0.79 diluted earnings per share a year ago. Adjusted net income was $51,813,000 or 0.84 diluted earnings per share compared with $54,456,000 or 0.87 diluted earnings per share a year ago.
For the year to date, the company reported net sales of $1,437,491,000 against $1,340,023,000 a year ago. Income from operations was $179,845,000 against $178,472,000 a year ago. Income before provision for income taxes was $176,926,000 against $176,189,000 a year ago. Net income was $108,944,000 or $1.75 per diluted share against $108,558,000 or $1.72 per diluted share a year ago. Net cash provided by operating activities was $47,607,000 against $151,483,000 a year ago. Expenditures for property, plant and equipment were $24,145,000 against $33,925,000 a year ago. Total capital expenditures and infrastructure investments were $12 million.
The company expects net sales for fiscal third quarter 2015 to be between $740 million and $752 million. At the midpoint, average daily sales growth is expected to be 3.6%. The company expects GAAP and adjusted diluted earnings per share for the fiscal third quarter 2015 to be between $0.95 and $0.99. The company expects gross margin to be in the range of 45.3%, plus or minus 20 basis points, which is stable sequentially excluding the net favorable impact from adjustments in the second quarter. This reflects the positive and sustainable impacts from its gross margin initiatives like exclusive brands as well as countermeasures such as smart buying and selling. The sustained impact from these gross margin initiatives is helping offset the headwinds from the soft pricing environment and customer mix. The midpoint of guidance for the third quarter implies an adjusted operating margin of approximately 13.3%. The company assumes a tax rate of about 38.4%.
For the year 2015, the company expects capex remains in the range of $75 million to $85 million.
MSC INDUSTRIAL SUPPLY CO. Enhances Metalworking Offering with Expanded Line of Hertel Products
Apr 6 15
MSC INDUSTRIAL SUPPLY CO. is significantly expanding its Hertel line of metalworking products. This expanded offering features a wide range of new tools, including material-specific turning insert grades, spotting drills, combined drill and countersink tools as well as additional solid carbide roughing end mills. In addition to these enhancements, a threading solution has been added to the company's proprietary cutoff and grooving system to help drive greater efficiencies.
MSC Industrial Direct Co. Inc. Declares Regular Quarterly Cash Dividend, Payable on April 28, 2015
Apr 3 15
MSC Industrial Direct Co. Inc. announced that its board of directors has declared a cash dividend of $0.40 per share. The $0.40 dividend is payable on April 28, 2015 to shareholders of record at the close of business on April 14, 2015. The ex-dividend date is April 10, 2015.