Recap: MSC Industrial Direct Q3 Earnings

Shares of MSC Industrial Direct Co MSM rose 1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 3.45% year over year to $1.40, which beat the estimate of $1.10.

Revenue of $834,972,000 declined by 3.64% from the same period last year, which beat the estimate of $807,940,000.

Guidance

MSC Industrial Direct Co hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 08, 2020

Time: 08:30 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1037/33502

Price Action

52-week high: $79.87

52-week low: $44.93

Price action over last quarter: Up 24.00%

Company Description

MSC Industrial Direct is a value-added industrial distributor with a focus on metalworking and maintenance, repair, and operations products and services. The company offers 1.7 million products through a distribution network of almost 100 branches and 12 fulfillment centers. Although MSC has a presence in Canada, Mexico, and the United Kingdom, the company primarily operates in the United States. In fiscal 2019, 96% of the firm's $3.4 billion of sales was generated in the U.S.