LONDON, UK / ACCESSWIRE / July 18, 2018 / If you want access to our free earnings report on MSC Industrial Direct Co., Inc. (NYSE: MSM), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MSM. The Company reported its financial results on July 11, 2018, for the third quarter of the fiscal year 2018. The premier distributor of Metalworking and Maintenance, Repair, and Operations (MRO) products and services' earnings were in-line with analysts' estimates for Q3 FY18. In addition, the Company provided its outlook for the fourth quarter of the fiscal year 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, MSC Industrial Direct most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=MSM

Earnings Highlights and Summary

For the third quarter ended June 02, 2018, MSC's revenues grew 11.3% to $828.3 million compared to $743.9 million in the third quarter of the fiscal year 2017. The Company?s revenue numbers lagged analysts' estimates of $832.1 million.

During Q3 FY18, MSC's cost of goods sold rose 12.8% to $467.3 million compared to $414.4 million in Q3 FY17. The Company posted a gross profit of $361.0 million in the reported quarter, up 9.6% from $329.5 million in the year ago same period.

For the reported quarter, MSC incurred operating expenses of $245.6 million versus $227.7 million in the comparable quarter of last year, increasing 7.9% on a y-o-y basis. The Company's operating income climbed 13.4% to $115.4 million in Q3 FY18 compared to $101.8 million in Q3 FY17. The Company?s operating income as a percentage of net sales was 13.9% in Q3 FY18 compared to 13.7% in Q3 FY17.

MSC reported a net income of $79.1 million in Q3 FY18 compared to $62.8 million in Q3 FY17, increasing 25.8% on a y-o-y basis. The Company's diluted earnings per share (EPS) surged 27.5% to $1.39 in the reported quarter compared to $1.09 in the prior year's corresponding period. For Q3 FY18, the Company's non-GAAP diluted EPS were $1.39, and were in-line with analysts? estimates.

Cash Matters

As of June 02, 2018, MSC's cash and cash equivalents stood at $40.0 million compared to $27.6 million as of June 03, 2017. The Company had a long-term debt of $251.3 million as of June 02, 2018, versus $201.0 million as of September 02, 2017. The Company's inventories stood at $512.3 million as of June 02, 2018, compared to $465.0 million as of September 02, 2017. For the thirty-nine weeks ended June 02, 2018, the Company generated a cash inflow from operating activities of $230.2 million compared to $159.1 million in the thirty-nine weeks ended June 03, 2017.

Outlook

For the fourth quarter of the fiscal year 2018, MSC expects net sales to be in the range of $829.0 million and $844.0 million. The Company projects average daily sales at the midpoint to grow by roughly 9.3% in Q4 FY18 compared to Q4 FY17. The Company expects diluted EPS to be between $1.26 and $1.32 for Q4 FY18.

Excluding the acquisitions of DECO Tool Supply Co. ("DECO") on July 31, 2017, and All Integrated Solutions ("AIS") on April 30, 2018, MSC anticipates net sales to be between $778.0 million and $793.0 million for Q4 FY18, reflecting average daily sales at the midpoint to grow by roughly 4.0% compared to the last year's fourth quarter.

Stock Performance Snapshot

July 17, 2018 - At Tuesday?s closing bell, MSC Industrial Direct's stock rose 1.12%, ending the trading session at $82.43.

Volume traded for the day: 831.77 thousand shares, which was above the 3-month average volume of 535.18 thousand shares.

Stock performance in the past twelve-month period - up 10.93%

After yesterday's close, MSC Industrial Direct's market cap was at $4.67 billion.

Price to Earnings (P/E) ratio was at 16.96.

The stock has a dividend yield of 2.81%.

The stock is part of the Services sector, categorized under the Industrial Equipment Wholesale industry. This sector was up 0.3% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

SOURCE: Active-Investors