MSC Reports Fiscal 2021 First Quarter Results

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Go back to MSC Reports Fiscal 2021 First Quarter Results

MSC Industrial (MSM) Tops Q1 EPS by 2c, Revenues Beat

January 6, 2021 6:31 AM EST

MSC Industrial (NYSE: MSM) reported Q1 EPS of $1.10, $0.02 better than the analyst estimate of $1.08. Revenue for the quarter came in at $771.9 million versus the consensus estimate of $770.18 million.

Erik Gershwind, president and chief executive officer, said, "Our fiscal first quarter reflected building momentum for our Mission Critical initiative against the backdrop of a challenging but improving environment. We saw continued sequential improvement in sales of non-safety and non-janitorial product lines, while sales of safety and janitorial products, anchored by our PPE program, grew roughly 20%. That momentum continued into December, which we... More