MSC Industrial (MSM) Tops Q3 EPS by 5c; Guides Q4 EPS
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MSC Reports Fiscal 2016 Third Quarter Results
July 6, 2016 6:45 AM EDTMELVILLE, N.Y. and DAVIDSON, N.C., July 6, 2016 /PRNewswire/ --Â
FISCAL 2016 Q3 HIGHLIGHTS
Net sales of $727.5 million declined 2.4% year-over-year (3.9% decline on an ADS basis) Gross margin of 45.0% remained stable in a challenging economic environment Operating margin of 14.5% driven by tight operating cost control and ongoing productivity improvements GAAP diluted EPS of $1.05MSC 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 third... More
MSC Announces Plan to Launch Self-Tender Offer and Related Stock Repurchase for up to $390 Million of its Common Stock
July 6, 2016 6:40 AM EDTMELVILLE, N.Y. and DAVIDSON, N.C., July 6, 2016 /PRNewswire/ -- MSC 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 announced its plan to launch a "modified Dutch auction" tender offer for up to $300 million of its Class A common stock at a price per share not less than $66.00 and not greater than $72.50. The tender offer is expected to commence on or about July 7, 2016 and will remain open for at least 20 business... More
