MSC Industrial (MSM) Tops Q1 EPS by 1c, Q2 Outlook Misses Views

MSC Industrial (NYSE: MSM) reported Q1 EPS of $1.33, $0.01 better than the analyst estimate of $1.32. Revenue for the quarter came in at $831.6 million versus the consensus estimate of $830.09 million.

GUIDANCE:

MSC Industrial sees Q2 2019 EPS of $1.22-$1.28, versus the consensus of $1.37. MSC Industrial sees Q2 2019 revenue of $817-833 million, versus the consensus of $836.88 million.

• Excluding the AIS acquisition*, the Company expects net sales for the second quarter of fiscal 2019 to be between $798 million and $814 million, with average daily sales at the midpoint expected to increase roughly 6.5% compared to last year's second quarter. The Company expects the AIS acquisition to have a roughly breakeven impact on diluted earnings per share for the second quarter of fiscal 2019.

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

You May Also Be Interested In

• Gogoro Inc (GGR) Reports Q2 Loss of $0.24, Offers FY26 Revenue Guidance
• MSC Industrial Supply Co. Earns Great Place to Work Certification(TM) for Third Consecutive Year
• Broadcom credit risk measures rise amid AI financing deals