MSC Industrial (MSM) Tops Q1 EPS by 2c, Guides Q2 Above the Street

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MSC Reports Fiscal 2017 First Quarter Results

January 11, 2017 6:45 AM EST

MELVILLE, N.Y. and DAVIDSON, N.C., Jan. 11, 2017 /PRNewswire/ --

FISCAL Q1 2017 HIGHLIGHTS

Net sales of $686.3 million, a decline of 2.9% year-over-year Gross margin of 45.0% reflecting continued stabilization in a challenging pricing environment Operating margin of 13.2%, an increase year-over-year, despite a decline in net sales Diluted EPS of $0.95, which was 3 cents above the midpoint of guidance

MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), "MSC" or the "Company," a premier distributor of Metalworking and Maintenance, Repair and Operations ("MRO") products and services to industrial customers throughout North... More