MSC Industrial (MSM) Tops Q1 EPS by 4c, Q2 Guidance Misses

MSC Industrial (NYSE: MSM) reported Q1 EPS of $1.21, $0.04 better than the analyst estimate of $1.17. Revenue for the quarter came in at $823.6 million versus the consensus estimate of $818.98 million.

GUIDANCE:

MSC Industrial sees Q2 2020 EPS of $0.97-$1.03, versus the consensus of $1.14. MSC Industrial sees Q2 2020 revenue of $781-798 million, versus the consensus of $812.99 million.

• The Company expects net sales for the second quarter of fiscal 2020 to be between $781 million and $798 million. At the midpoint, average daily sales are expected to decrease roughly 2.5% compared to last year's second quarter. The Company expects diluted earnings per share for the second quarter of fiscal 2020 to be between $0.97 and $1.03.

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

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