MSC Industrial Direct (MSM) Misses Q2 EPS by 1c; Issues Light Q3 Outlook

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MSC Reports Fiscal 2015 Second Quarter Results And Provides Fiscal Third Quarter Guidance

April 8, 2015 7:00 AM EDT

MELVILLE, N.Y. and DAVIDSON, N.C., April 8, 2015 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), "MSC" or the "Company," a premier distributor of Metalworking and Maintenance, Repair and Operations ("MRO") supplies to industrial customers throughout North America, today reported results for its fiscal second quarter ended February 28, 2015.

Net sales for the fiscal second quarter 2015 were $706.4 million compared to net sales of $661.5 million in the same quarter a year ago, an increase of 6.8% on an average daily sales basis. Adjusted operating income for the fiscal second quarter 2015 was $86.3... More