MSC Industrial (MSM) Reports In-Line Q3 EPS, Offers Q4 Guidance
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MSC Reports Fiscal 2017 Third Quarter Results
July 12, 2017 6:45 AM EDTMELVILLE, N.Y. and DAVIDSON, N.C., July 12, 2017 /PRNewswire/ --
FISCAL Q3 2017 HIGHLIGHTS
Net sales of $743.9 million, an increase of 2.3% year-over-year (3.8% increase on an ADS basis) Gross margin of 44.3%, a 70 basis point decline year-over-year Operating income of $101.8 million, a decrease of 3.8% year-over-year Operating margin of 13.7%, an 80 basis point decrease year-over-year Diluted EPS of $1.09, versus the prior year of $1.05MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), "MSC" or the "Company," a premier distributor of Metalworking and Maintenance, Repair and Operations ("MRO") products and services to... More
