Tranche Update on MSC Industrial Direct Co., Inc.'s Equity Buyback Plan announced on June 30, 2005.
January 09, 2019 at 05:11 pm IST
Share
From September 2, 2018 to December 1, 2018, the company has repurchased 500,000 shares, representing 0.89% for $40.64 million. With this, the company has completed the repurchase of 14,808,438 shares, representing 23.22% for $835.6 million under the buyback announced on June 30, 2005.
MSC Industrial Direct Co., Inc. is a North American distributor of a range of metalworking and maintenance, repair and operations (MRO) products and services. Its range of MRO products includes cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies. It serves a range of customers throughout the United States, Canada, Mexico, and the United Kingdom, from individual machine shops to manufacturing companies to government agencies, such as the United States General Services Administration and the United States Department of Defense. It operates a network of six customer fulfillment centers, 10 regional inventory centers and 41 warehouses. The Company's customer fulfillment centers have various locations in the United States.
MSC INDUSTRIAL DIRECT CO., INC. 
