MSC Industrial (MSM) Tops Q2 EPS by 3c
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MSC Reports Fiscal 2017 Second Quarter Results
April 6, 2017 6:45 AM EDTMELVILLE, N.Y. and DAVIDSON, N.C., April 6, 2017 /PRNewswire/ --
FISCAL Q2 2017 HIGHLIGHTS
Net sales of $703.8 million, an increase of 2.9% year-over-year Gross margin of 44.7%, a 40 basis point decline year-over-year Operating income of $86.6 million, an increase of 7.6% year-over-year Operating margin of 12.3%, a 50 basis point increase year-over-year Diluted EPS of $0.93, or 5 cents above the midpoint of guidance, including a 3 cent income tax benefit*MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), "MSC" or the "Company," a premier distributor of Metalworking and Maintenance, Repair and... More
