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MSC Industrial Supply Q3 net sales were $745.5 million

Staff writer |
MSC Industrial Supply reported results for its fiscal third quarter ended May 30, 2015. Net sales were $745.5 million compared to net sales of $720.5 million in the same quarter a year ago, an increase of 3.5% on an average daily sales basis.

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Adjusted operating income for the fiscal third quarter 2015 was $104.5 million, or 14% of net sales, compared to $107.3 million, or 14.9% of net sales, in the same quarter a year ago.

GAAP operating income for the fiscal third quarter 2015 was $104.2 million, or 14.0% of net sales, compared to $104.9 million, or 14.6% of net sales, in the same quarter a year ago.

Excluding the after-tax effects of non-recurring costs, adjusted net income for the fiscal third quarter 2015 was $63.5 million, or $1.03 per diluted share, compared to $66.2 million, or $1.06 per diluted share, in the same quarter a year ago.

GAAP net income for the fiscal third quarter 2015 was $63.3 million, or $1.03 per diluted share, compared to $64.7 million, or $1.03 per diluted share, in the same quarter a year ago.

MSC expects net sales for fiscal fourth quarter 2015 to be between $735 million and $747 million. At the midpoint, average daily sales growth is expected to be 2%.

The company expects GAAP and adjusted diluted earnings per share for the fiscal fourth quarter 2015 to be between $0.93 and $0.97.


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