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
Founded in 1941
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
Oct 31 17
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
Oct 24 17
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
Oct 17 17
MSC Industrial Direct Co., Inc. announced that they will report Q4, 2017 results on Oct 31, 2017