MSC Industrial (MSM) Tops Q3 EPS by 5c; Guides Q4 EPS
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July 6, 2016 6:45 AM EDT
MELVILLE, 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 $1.05
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 reported financial results for its fiscal 2016 third... More
July 6, 2016 6:40 AM EDT
MELVILLE, 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
