MSC Grappled with Slowing Demand and Rising Costs During a Tough 3Q; FVE Lowered to $90
Shares of narrow-moat-rated MSC Industrial Supply traded lower on July 10 after the firm released disappointing fiscal third-quarter results. Reported sales grew almost 5% (2% organic) year over year to $867 million, but fell 2% short of both management's midpoint guidance and the consensus estimate. Diluted EPS grew about 4% year over year to $1.44, falling shy of management's guidance range ($1.46 to $1.52) and consensus ($1.49). MSC's EPS growth was driven entirely by a lower tax rate and sha...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.
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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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