MSC Industrial (MSM) Tops Q1 EPS by 1c; Reaffirms
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MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2023 FIRST QUARTER RESULTS
January 5, 2023 6:30 AM ESTFISCAL 2023 Q1 HIGHLIGHTS
Net sales of $957.7 million, an increase of 12.9% YoYAverage daily sales ("ADS") growth of roughly 9 percentage points above the Industrial Production (IP) IndexOperating income of $116.0 million, or $118.3 million adjusted to exclude acquisition-related costs and restructuring and other costs1Operating margin of 12.1%, or 12.3% excluding the adjustments described above1Diluted EPS of $1.45 vs. $1.18 in the prior fiscal year quarterAdjusted diluted EPS of $1.48 vs. $1.25 in the prior fiscal year quarter1Repurchased over 200,000 shares during the quarter at an average purchase price per share of... More