MSC Industrial Direct Co., Inc., together with its subsidiaries, markets and distributes various ranges of metalworking and maintenance, repair, and operations (MRO) products primarily in the United States. The company’s MRO products comprise cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies. It offers approximately 850,000 stock-keeping units through its master catalogs; weekly, monthly, and quarterly specialty and promotional catalogs; brochures; ...
75 Maxess Road
Melville, NY 11747
Founded in 1941
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
Jul 7 15
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
Jul 6 15
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
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.