MSC Industrial Direct Co. Inc. (NYSE:MSM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
MSC Industrial Direct Co. Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 4.55% to $1.05 in the quarter versus EPS of $1.10 in the year-earlier quarter.
Revenue: Rose 4.07% to $636.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: MSC Industrial Direct Co. Inc. reported adjusted EPS income of $1.05 per share. By that measure, the company beat the mean analyst estimate of $0.97. It beat the average revenue estimate of $635.18 million.
Quoting Management: Erik Gershwind, President and Chief Executive Officer, stated, “We continue to fuel share gains in our targeted markets despite a sluggish manufacturing sector, particularly in metalworking-related end markets. The organic growth investments we have made in E-commerce, vending and other areas are offsetting a weak demand environment.”
Key Stats (on next page)…