Last $89.94 USD
Change Today -0.21 / -0.23%
Volume 52.4K
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As of 12:24 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

msc industrial direct co-a (MSM) Key Developments

MSC Industrial Supply Co. Appoints Kari Heerdt as Chief People Officer

MSC Industrial Supply Co. announced the appointment of Kari Heerdt as the company's chief people officer. In this role, Ms. Heerdt will be responsible for overseeing the company's people strategy and all aspects of MSC's associate relations, community relations and human resources function. Prior to MSC, Ms. Heerdt served as a partner at Aon Hewitt.

MSC Industrial Direct Co. Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended May 31, 2014; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2014

MSC Industrial Direct Co. Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended May 31, 2014. For the quarter, the company reported net sales of $720.476 million compared with $636.923 million in the prior year period. Income from operations was $104.886 million compared with $100.246 million in the prior year period. Income before provision for income taxes was $104.165 million against $99.131 million for the same period a year ago. Net income was $64.696 million or $1.03 per diluted share compared to net income of $62.354 million or $0.98 per diluted share a year ago. Adjusted Operating income was $107.312 million against $106.631 million a year ago. Adjusted net income was $66.203 million or $1.06 per diluted share against $66.744 million or $1.05 per diluted share for the same period a year ago. For the nine months, the company reported net sales of $2,060.499 million compared with $1,783.876 million in the prior year period. Income from operations was $283.358 million compared with $293.174 million in the prior year period. Income before provision for income taxes was $280.354 million against $292.087 million a year ago. Net income was $173.254 million or $2.76 per diluted share compared to net income of $181.620 million or $2.86 per diluted share a year ago. Net cash provided by operating activities was $226.628 million against $245.429 million a year ago. Expenditures for property, plant and equipment were $55.882 million against $62.305 million a year ago. The company expects net sales for fiscal fourth quarter 2014, to be between $718 million and $730 million. At the midpoint, average daily sales growth is expected to be 7.5%, which includes CCSG sales that are expected to be growing at a lower rate than the MSC base business. The company expects adjusted diluted earnings per share for the fiscal fourth quarter 2014 to be between $0.98 and $1.02.

MSC Industrial Direct Co. Inc. Declares Regular Quarterly Dividend, Payable on July 22, 2014

MSC Industrial Direct Co. Inc. announced that its Board of Directors has declared a cash dividend of $0.33 per share. The dividend is payable on July 22, 2014 to shareholders of record at the close of business on July 8, 2014.

MSC Industrial Direct Co. Inc., Q3 2014 Earnings Call, Jul 09, 2014

MSC Industrial Direct Co. Inc., Q3 2014 Earnings Call, Jul 09, 2014

MSC Industrial Supply Co. Launches ControlPoint Inventory Management Solution

MSC Industrial Supply Co. announced the launch of its ControlPoint inventory management solution. The brand combines MSC's existing suite of software, hardware and service expertise into a unified inventory management portfolio that allows customers to leverage technology to achieve greater visibility and control over their MRO spending. The result is improved productivity and profitability across the often disparate supply chains. MSC's ControlPoint Inventory Management solutions can be used collectively, individually or in any combination to best serve the needs of a customer's business. ControlPoint solutions include the following services: Industrial Vending: which is a full collection of next-generation, configurable vending equipment that leverages software to control supplies and report a customer's inventory management spend, 24/7; vendor-Managed Inventory (VMI), which is an MSC managed service where an MSC specialist monitors inventory to effectively and efficiently manage customer replenishment orders on behalf of a customer; customer-Managed Inventory (CMI), which is a customer-managed replenishment tool that uses barcode technology and allows a customer to effectively track and reorder inventory online; eProcurement, which enables customers to use MSC's robust eCommerce site to standardize specific SKU purchase and maximize discounts; inventory Management Software, which uses advanced technology to optimize the ordering, tracking and deployment of critical -and often expensive inventory investments; and onsite services, in which MSC associates provide onsite support to manage inventory for a customer.

 

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Industry Analysis

MSM

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Valuation MSM Industry Range
Price/Earnings 24.8x
Price/Sales 2.0x
Price/Book 4.0x
Price/Cash Flow 24.5x
TEV/Sales 1.9x
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