MSC Reports a Solid Finish to Fiscal 2018; Maintaining $100 FVE
MSC closed out its fiscal 2018 with solid fourth-quarter results that met or exceeded management's guidance. Reported revenue of $838 million grew 11% year over year, and organic revenue, which excludes acquisitions, grew over 4.5%. Last quarter, we noted that management's efforts to revamp its sales organization was a headwind for organic revenue growth. That headwind lingered in the fourth quarter, but management commented that it expects to see stronger top line growth in 2019.While reported...
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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