MSC Industrial (MSM) Tops Q2 EPS by 2c
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MSC Reports Fiscal 2016 Second Quarter Results
April 6, 2016 6:45 AM EDTMELVILLE, N.Y. and DAVIDSON, N.C., April 6, 2016 /PRNewswire/ --
FISCAL 2016 Q2 HIGHLIGHTS
Net sales of $684.1 million, a decline of 3.2% year-over-year Gross margin of 45.1% reflecting continued execution of gross margin countermeasures Operating margin of 11.8% driven by tight operating cost control and ongoing productivity improvements GAAP diluted EPS of $0.80MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), "MSC" or the "Company," a premier distributor of Metalworking and Maintenance, Repair and Operations supplies to industrial customers throughout North America, today reported financial results for its fiscal 2016 second quarter ended February 27,... More
