MSC Industrial: Fiscal Q4 Earnings Snapshot

MELVILLE, N.Y. (AP) — MELVILLE, N.Y. (AP) — MSC Industrial Direct Co. (MSM) on Thursday reported fiscal fourth-quarter profit of $55.7 million.

On a per-share basis, the Melville, New York-based company said it had profit of 99 cents. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, were $1.03 per share.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.

The distributor of industrial tools and supplies posted revenue of $952.3 million in the period, which also missed Street forecasts. Nine analysts surveyed by Zacks expected $959.2 million.

For the year, the company reported profit of $258.6 million, or $4.58 per share. Revenue was reported as $3.82 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSM at https://www.zacks.com/ap/MSM

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up