MSC's 2Q Sales and EPS Fall Short of Expectations Due to a Softer Demand Environment
Shares of narrow-moat-rated MSC traded lower on April 10 after the company's fiscal second-quarter earnings release, which featured sales and EPS that missed the midpoint of management's guidance and sell-side consensus expectations. Second-quarter sales of $823 million increased 7% on a reported basis and 4% organically, but just missed the midpoint of management's guidance ($825 million) and the consensus estimate ($826 million). Excluding one-time tax benefits of $0.72 in the same period last...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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