MSC Industrial Fiscal Q1 Results Top Street Estimates

MSC Industrial Direct Company, a provider of transportation services, reported Wednesday fiscal Q1 net income of $0.95 per share, up from $0.89 per share in the prior year period and higher than the $0.93 per share Street consensus provided by Capital IQ.

Net sales for the quarter ended Dec. 3 were $686.3 million, down from $706.8 million reported for the same period last year, but still came in higher than the $685.5 million Street estimate.

For fiscal Q2, the company expects net profit to range from $0.86 to $0.90 per share on revenues of $688 million to $701 million. The Street consensus calls for earnings of $0.86 per share on revenues of $679 million.

Leave a Comment