Trading Companies and Distributors
Company Overview of MSC Industrial Direct Co. Inc.
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 1,000,000 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
Key Executives for MSC Industrial Direct Co. Inc.
Chief Executive Officer, President and Director
Total Annual Compensation: $648.5K
Executive Vice Chairman
Total Annual Compensation: $775.0K
Chief Supply Chain Officer and Executive Vice President
Total Annual Compensation: $368.7K
Compensation as of Fiscal Year 2014.
MSC Industrial Direct Co. Inc. Key Developments
MSC Industrial Direct Co. Inc. Presents at Barclays Select Series: Industrial Distribution Forum 2015, Nov-17-2015
Nov 15 15
MSC Industrial Direct Co. Inc. Presents at Barclays Select Series: Industrial Distribution Forum 2015, Nov-17-2015 . Venue: Barclays Offices, 745 Seventh Avenue, New York, New York, United States.
MSC Industrial Direct Eyes Acquisitions
Nov 10 15
MSC Industrial Direct Co. Inc. (NYSE:MSM) mulls acquisitions. Erik Gershwind, President and Chief Executive Officer said, "And then from there, we will look opportunistically at share repurchase and M&A and make trade-offs on a risk-adjusted returns basis. Certainly we flex up for the right opportunity and that can either be share repurchase or M&A, to leverage ratios higher than 1 time."
MSC Industrial Direct Co. Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended August 29, 2015; Provides Earnings Guidance for the First Quarter of Fiscal 2016; Provides CapEx Guidance for 2016
Oct 27 15
MSC Industrial Direct Co. Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended August 29, 2015. For the quarter, net sales were $727.405 million against $726.623 million a year ago. Income from operations was $95.440 million against $99.826 million a year ago. Income before provision for income taxes was $93.602 million against $99.171 million a year ago. Net income was $59.022 million or $0.96 per diluted share against $62.813 million or $1.01 per diluted share a year ago. Adjusted Operating income was $95.676 million against $100.934 million a year ago. Adjusted net income was $59.171 million or $0.96 per diluted share against $63.515 million or $1.02 per diluted share a year ago. Total capital expenditures were $13.2 million for the quarter.
For the year, net sales were $2,910.379 million against $2,787.122 million a year ago. Income from operations was $379.529 million against $383.184 million a year ago. Income before provision for income taxes was $373.141 million against $379.525 million a year ago. Net income was $231.308 million or $3.74 per diluted share against $236.067 million or $3.76 per diluted share a year ago. Net cash provided by operating activities was $249.791 million against $272.406 million a year ago. Expenditures for property, plant and equipment was $51.405 million against $70.617 million a year ago. Adjusted operating income was $384.036 million against $400.533 million a year ago. Adjusted net income was $234.102 million or $3.79 per diluted share against $246.858 million or $3.93 per diluted share a year ago. Total capital expenditures were $51.4 million for the year. Capital expenditure was slightly lower than expected in 2015, as some projects were pushed into next year
Based on current market conditions, for the first quarter of fiscal 2016, the company expects net sales to be between $702 million and $714 million. At the midpoint, average daily sales are expected to decline roughly 3.0%. The company expects diluted earnings per share for the fiscal first quarter 2016 to be between $0.85 and $0.89. The company expects the gross margin of 44.9%, plus or minus 20 basis points, basically flat sequentially and been down slightly versus the same quarter a year ago. The company assumes the tax rate of 38.4%.
2016 capital expenditure is envisaged to be in the $60 million to $70 million range.
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