MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2022 FIRST QUARTER RESULTS

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MSC Industrial (MSM) Tops Q1 EPS by 5c

December 22, 2021 6:31 AM EST

MSC Industrial (NYSE: MSM) reported Q1 EPS of $1.25, $0.05 better than the analyst estimate of $1.20. Revenue for the quarter came in at $848.5 million versus the consensus estimate of $839.43 million.

Erik Gershwind, President and Chief Executive Officer, said, "Our fiscal first quarter was a strong start to the year. Average daily sales grew 9.9% as we sustained our market share capture rate by outgrowing the Industrial Production Index by nearly 500 basis points. We translated... More