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Last $71.26 USD
Change Today +1.03 / 1.47%
Volume 389.3K
MSM On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

msc industrial direct co-a (MSM) Key Developments

MSC Industrial Direct Co. Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended May 30, 2015; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2015

MSC Industrial Direct Co. Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended May 30, 2015. For the quarter, the company reported net sales of $745,483,000 compared with $720,476,000 in the prior year period. Income from operations was $104,244,000 compared with $104,886,000 in the prior year period. Income before provision for income taxes was $102,613,000 against $104,165,000 for the same period a year ago. Net income was $63,342,000 or $1.03 per diluted share compared to net income of $64,696,000 or $1.03 per diluted share a year ago. Adjusted Operating income was $104,481,000 against $107,312,000 a year ago. Adjusted net income was $63,488,000 or $1.03 per diluted share against $66,203,000 or $1.06 per diluted share for the same period a year ago. For the nine months, the company reported net sales of $2,182,974,000 compared with $2,060,499,000 in the prior year period. Income from operations was $284,089,000 compared with $283,358,000 in the prior year period. Income before provision for income taxes was $279,539,000 against $280,354,000 a year ago. Net income was $172,286,000 or $2.78 per diluted share compared to $173,254,000 or $2.76 per diluted share a year ago. Net cash provided by operating activities was $162,973,000 against $226,628,000 a year ago. Expenditures for property, plant and equipment were $38,176,000 against $55,882,000 a year ago. The company expects net sales for fiscal fourth quarter 2015 to be between $735 million and $747 million. At the midpoint, average daily sales growth is expected to be 2.0%. The company expects GAAP and adjusted diluted earnings per share for the fiscal fourth quarter 2015 to be between $0.93 and $0.97.

MSC Industrial Supply Co. Announces Management Changes

MSC Industrial Supply Co. announced that it has named Rustom Jilla to the role of Executive Vice President and Chief Financial Officer, effective July 20, 2015. Jilla succeeds Jeff Kaczka, who will be retiring from MSC as previously announced following a short transition period. Jilla, 54, most recently served as CFO for Dematic Group.

MSC Industrial Supply Co. Declares Regular Quarterly Dividend, Payable on July 28, 2015

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 Seeks Acquisitions

MSC Industrial Direct Co. Inc. (NYSE:MSM) is seeking acquisitions. Erik Gershwind, President, Chief Executive Officer, said, "We are currently running a leverage ratio, as measured by net debt against EBITDA, of roughly 1 times, which for us we have described as a comfortable range for us to operate within. Certainly, we would stretch further for the right opportunity. And that opportunity could be an acquisition, it could be an opportunistic share repurchase, or something of the like. In terms of use of cash, the Company has historically taken a balanced approach. Priority one has been reinvestment organically into the business. We also look at select strategic acquisitions, and then a return of cash to shareholders through steady dividend increases, occasional special dividends, and then use of opportunistic share repurchase when we feel the time is right."

MSC Industrial Direct Co. Inc. to Report Q3, 2015 Results on Jul 07, 2015

MSC Industrial Direct Co. Inc. announced that they will report Q3, 2015 results at 3:00 PM, GMT Standard Time on Jul 07, 2015

 

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MSM

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Valuation MSM Industry Range
Price/Earnings 18.8x
Price/Sales 1.5x
Price/Book 3.4x
Price/Cash Flow 18.7x
TEV/Sales 1.3x
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