November 22, 2017 10:55 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, 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 1,565,000 stock-keeping units through its catalogs; brochures; eCommerce channels, including its Website, mscdirect...

75 Maxess Road

Melville, NY 11747

United States

Founded in 1941

6,563 Employees

Phone:

516-812-2000

Key Executives for MSC Industrial Direct Co., Inc.

Chief Executive Officer, President and Director
Age: 46
Total Annual Compensation: $700.7K
Chief Financial Officer and Executive Vice President
Age: 57
Total Annual Compensation: $476.8K
Senior Vice President, General Counsel and Corporate Secretary
Age: 59
Total Annual Compensation: $386.2K
Chief Supply Chain Officer and Executive VP
Age: 53
Total Annual Compensation: $384.6K
Chief People Officer and Senior Vice President
Age: 49
Total Annual Compensation: $325.6K
Compensation as of Fiscal Year 2016.

MSC Industrial Direct Co., Inc. Key Developments

MSC Industrial Supply Co. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended September 2, 2017; Provides Earnings Guidance for the First Quarter of Fiscal 2018

MSC INDUSTRIAL SUPPLY CO. reported unaudited consolidated earnings results for the fourth quarter and full year ended September 2, 2017. For the quarter, the company reported net sales of $753,770,000 against $745,074,000 a year ago. Income from operations was $99,979,000 against $99,246,000 a year ago. Income before provision for income taxes was $98,060,000 against $97,669,000 a year ago. Interest income was $162,000 against $163,000 a year ago. Net income was $60,748,000 against $61,846,000 a year ago. Diluted net income per common share was $1.07 against $1.02 a year ago. For the year, the company reported net sales of $2,887,744,000 against $2,863,505,000 a year ago. Income from operations was $379,000,000 against $375,960,000 a year ago. Income before provision for income taxes was $367,992,000 against $371,731,000 a year ago. Interest income was $658,000 against $654,000 a year ago. Net income was $231,431,000 against $231,216,000 a year ago. Diluted net income per common share was $4.05 against $3.77 a year ago. Net cash provided by operating activities was $246,841,000 against $401,103,000 a year ago. Expenditures for property, plant and equipment was $46,548,000 against $87,930,000 a year ago. The company provided earnings guidance for the first quarter of fiscal 2018. Based on current market conditions, the company expects net sales for the first quarter of fiscal 2018 to be between $762 million and $776 million. At the midpoint, average daily sales are expected to increase roughly 12% compared to last year's first quarter. Excluding DECO, the Company expects net sales for the first quarter of fiscal 2018 to be between $734 million and $748 million, with average daily sales at the midpoint expected to increase roughly 8% compared to last year's first quarter. The Company expects diluted earnings per share for the first quarter of fiscal 2018, including and excluding DECO, to be between $1.03 and $1.07, at the midpoint up roughly 9% compared to last year's first quarter.

MSC Industrial Direct Co. Inc. Declares Quarterly Dividend, Payable on November 28, 2017

MSC Industrial Direct Co., Inc. announced that its Board of Directors has declared a cash dividend of $0.48 per share, representing 6.7% increase from $0.45 per share, in the regular quarterly dividend. The dividend is payable on November 28, 2017 to shareholders of record at the close of business on November 14, 2017. The ex-dividend date is November 13, 2017.

MSC Industrial Direct Co., Inc. to Report Q4, 2017 Results on Oct 31, 2017

MSC Industrial Direct Co., Inc. announced that they will report Q4, 2017 results on Oct 31, 2017

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 7, 2017
DECO Tool Supply Company, Inc.
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