MSC Industrial (NYSE: MSM) reported Q1 EPS of $1.05, $0.01 worse than the analyst estimate of $1.06. Revenue for the quarter came in at $768.6 million versus the consensus estimate of $770.57 million.

GUIDANCE:

MSC Industrial sees Q2 2018 EPS of $1.00-$1.04, versus the consensus of $1.04. MSC Industrial sees Q2 2018 revenue of $761-775 million, versus the consensus of $773.34 million.

The Company's guidance for diluted earnings per share for the second quarter of fiscal 2018 is $1.93 to $2.03, which includes the following components:

• An estimated beneficial impact of between $0.27 to $0.29 from the lower effective tax rate (combined federal and state) required to bring our first half into alignment with the expected full year rate; and
• An estimated net one-time beneficial impact of between $0.66 and $0.70 that reflects the re-valuation of tax-related balance sheet items.
• An estimated diluted earnings per share for the second quarter of fiscal 2018, excluding the positive impacts of the Tax Cuts and Jobs Act noted above, of between $1.00 and $1.04.

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