MSC Industrial (MSM) Tops Q2 EPS by 3c

MSC Industrial (NYSE: MSM) reported Q2 EPS of $0.93, $0.03 better than the analyst estimate of $0.90. Revenue for the quarter came in at $703.8 million versus the consensus estimate of $695.95 million.

• Net sales of $703.8 million, an increase of 2.9% year-over-year
• Gross margin of 44.7%, a 40 basis point decline year-over-year
• Operating income of $86.6 million, an increase of 7.6% year-over-year
• Operating margin of 12.3%, a 50 basis point increase year-over-year
• Diluted EPS of $0.93, or 5 cents above the midpoint of guidance, including a 3 cent income tax benefit

For earnings history and earnings-related data on MSC Industrial (MSM) click here.

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