December 06, 2016 12:03 PM ET

Trading Companies and Distributors

Company Overview of MSC Industrial Direct Co. Inc.

Company Overview

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, Canada, and the United Kingdom. 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 1,000,000 stock-keeping units through its master catalogs; weekly, monthly, and quarterly specialty and...

75 Maxess Road

Melville, NY 11747

United States

Founded in 1941

6,462 Employees

Phone:

516-812-2000

Key Executives for MSC Industrial Direct Co. Inc.

Chief Executive Officer, President and Director
Age: 45
Total Annual Compensation: $685.9K
Chief Financial Officer and Executive Vice President
Age: 56
Total Annual Compensation: $45.7K
Chief People Officer and Senior Vice President
Age: 48
Total Annual Compensation: $425.1K
Chief Supply Chain Officer and Executive Vice President
Age: 52
Total Annual Compensation: $376.0K
Compensation as of Fiscal Year 2015.

MSC Industrial Direct Co. Inc. Key Developments

MSC Industrial Eyes Acquisitions

MSC Industrial Direct Co. Inc. (NYSE:MSM) is looking for acquisition opportunities. Rustom Jilla, Chief Financial Officer and Executive Vice President of MSC Industrial, said, from our perspective, our philosophy is to have a moderately growing a steady, moderately growing ordinary dividend. And then with the funds that are left, it's either buybacks or acquisitions. And we are looking at acquisitions.

MSC Industrial Supply Co. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended September 3, 2016; Provides Earnings Guidance for the First Quarter of Fiscal 2017

MSC INDUSTRIAL SUPPLY CO. reported unaudited consolidated earnings results for the fourth quarter and full year ended September 3, 2016. For the quarter, the company reported net sales of $745,074,000 against $727,405,000 a year ago. Income from operations was $99,246,000 against $95,440,000 a year ago. Income before provision for income taxes was $97,669,000 against $93,602,000 a year ago. Net income was $61,846,000 against $59,022,000 a year ago. Diluted net income per common share was $1.02 against $0.96 a year ago. Adjusted operating income was $99.2 million against $95.7 million a year ago. Adjusted net income was $61.8 million against $59.2 million a year ago. Adjusted diluted EPS were $1.02 against $0.96 a year ago. Capital expenditures were $53 million. For the year, the company reported net sales of $2,863,505,000 against $2,910,379,000 a year ago. Income from operations was $375,960,000 against $379,529,000 a year ago. Income before provision for income taxes was $371,731,000 against $373,141,000 a year ago. Net income was $231,216,000 against $231,308,000 a year ago. Diluted net income per common share was $3.77 against $3.74 a year ago. Adjusted operating income was $376.0 million against $384.0 million a year ago. Adjusted net income was $231.2 million against $234.1 million a year ago. Adjusted diluted EPS were $3.77 against $3.79 a year ago. Net cash provided by operating activities was $401,103,000 against $249,791,000 a year ago. Expenditures for property, plant and equipment was $87,930,000 against $51,405,000 a year ago. The company expects net sales for the first quarter of fiscal 2017 to be between $676 million and $688 million. At the midpoint, average daily sales are expected to decline roughly 3.5%, as compared to last year's first quarter. The company expects diluted earnings per share for the fiscal first quarter 2017 to be between $0.90 and $0.94. The company expects total CapEx to range from $60 million to $70 million, including $11 million to $13 million required to complete the financial system upgrade. The company expects an operating margin of about 12.8% at the midpoint of guidance for first quarter, and that's in line with last year's first quarter. It also assumes a tax rate of about 38.2%.

MSC Industrial Supply Co. Declares Quarterly Dividend, Payable on November 29, 2016

MSC INDUSTRIAL SUPPLY CO. announced that its board of directors has declared a cash dividend of $0.45 per share, representing a 4.7% increase from $0.43 per share, in the regular quarterly dividend. The $0.45 dividend is payable on November 29, 2016 to shareholders of record at the close of business on November 15, 2016. The ex-dividend date is November 11, 2016.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
July 6, 2016
--
Buyback
July 6, 2016
--
 

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