MSC Industrial (MSM) Tops Q3 EPS by 8c

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Go back to MSC Industrial (MSM) Tops Q3 EPS by 8c

MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2022 THIRD QUARTER RESULTS

June 29, 2022 6:30 AM EDT

FISCAL 2022 Q3 HIGHLIGHTS

Net sales of $958.6 million, an increase of 10.7%, compared to the prior fiscal year quarterGross margin of 42.9% vs. 42.3% in the prior fiscal year quarterStrong operating margin of 14.3%, or 14.6% excluding restructuring, acquisition-related and other costs1,2Diluted EPS of $1.78 vs. $1.68 in the prior fiscal year quarter, a 6.0% increaseAdjusted diluted EPS of $1.82 vs. $1.42 in the prior fiscal year quarter, a 28.2% increase1Company expects double digit average daily sales growth to continue in fiscal Q4

MELVILLE, N.Y. and DAVIDSON,... More