MSC Q3 2020 Earnings Report
Key Takeaways
MSC Industrial Supply Co. reported a 3.6% year-over-year decrease in net sales, with operating income slightly decreasing. Diluted EPS also saw a decrease compared to the prior year.
Net sales decreased by 3.6% year-over-year to $835.0 million.
Operating income was $109.9 million, slightly down from $110.5 million in the prior year.
Operating margin increased by 40 basis points to 13.2% compared to the prior year period.
Diluted EPS was $1.40, a decrease from $1.44 in the prior year.
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MSC
Forward Guidance
Given the ongoing unprecedented uncertainly and lack of visibility going forward, we will continue not giving quarterly EPS guidance, and will continue providing monthly updates following our month-end close on average daily sales developments, as well as comments on the business trends that we have seen over the course of the month.