Improved Price Realization Translates Into Strong 2Q Gross Margins for MSC; FVE Increased to $101
MSC Industrial reported strong fiscal second-quarter results as sales increased approximately 9% year over year to $769 million (5% organic growth excluding the Deco acquisition) and adjusted EPS, which excludes a $41.2 million ($0.72 per share) tax-reform-related benefit from the revaluation of deferred tax liabilities, increased $0.41 to $1.34. However, we thought MSC’s gross margin performance and operating expense leverage were the highlights of the firm’s second-quarter results. After revie...MSC Industrial Direct Co. is a distributor of metalworking and maintenance, repair and operations (MRO) products and services. The company provides stock-keeping units through its eCommerce channels, including its website, mscdirect.com; its inventory management solutions; catalogs and brochures; and call-centers and branches. The company's range of MRO products includes cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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