MSC Industrial Supply Co. Beats EPS Estimate as Sales Rise 10.3%

MSC Industrial Supply Co. posted fiscal fourth-quarter adjusted diluted earnings of $1.45 per share, topping the $1.41 estimate, as net sales rose 10.3% to $1.0792 billion in the period ended Aug. 29. Revenue also exceeded the $1.07 billion analyst estimate. Average daily sales increased 8.6%, above the 6.5% to 8.5% range in MSC’s earlier fourth-quarter sales outlook . The result was 0.1 percentage point above the top of that range. Net sales growth accelerated from 7.8% in fiscal third quarter, when revenue was $1.0471 billion. Average daily sales also grew 7.8% in that quarter.

Source: TokenPost