MSC Industrial (MSM) Tops Q1 EPS by 4c, Q2 Guidance Misses

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Go back to MSC Industrial (MSM) Tops Q1 EPS by 4c, Q2 Guidance Misses

MSC Reports Fiscal 2020 First Quarter Results

January 8, 2020 6:30 AM EST

MELVILLE, N.Y. and DAVIDSON, N.C., Jan. 8, 2020 /PRNewswire/ --

FISCAL Q1 2020 HIGHLIGHTS

Net sales of $823.6 million, a 1.0% YoY decrease Operating income of $90.3 million, or $92.9 million excluding severance and separation costs of $2.6 million* Operating margin of 11.0%, or 11.3% excluding severance and separation, both 30 basis points above the midpoint of the guidance ranges* Diluted EPS of $1.18, or $1.21 excluding severance and separation, both at the high-end of the... More