MSC Q1 2020 Earnings Report
Key Takeaways
MSC Industrial Supply Co. reported a slight decrease in net sales, but solid execution in a weak demand environment, as well as disciplined expense management led to operating margin exceeding guidance. The company delivered solid free cash flow and declared a special dividend.
Net sales reached $823.6 million, reflecting a 1.0% year-over-year decrease.
Operating income was $90.3 million, or $92.9 million excluding severance and separation costs.
Diluted EPS was $1.18, or $1.21 excluding severance and separation costs.
Solid free cash flow of $72 million was delivered.
MSC
MSC
Forward Guidance
The Company expects net sales for the second quarter of fiscal 2020 to be between $781 million and $798 million. The Company expects diluted earnings per share for the second quarter of fiscal 2020 to be between $0.97 and $1.03.