MSC Industrial Direct Company, Reports Strong Fiscal Fourth Quarter Results

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MSC ($NYSE:MSM) Industrial Direct Company, Inc. is a leading distributor of Metalworking and Maintenance, Repair and Operations products and services. The company reported today fiscal fourth quarter ended March 31, 2019 adjusted earnings per diluted share of $1.45 and sales of $895.2 million. “We are pleased to report strong results for our fourth fiscal quarter, capping off a great year for MSC,” said Erik Gershwind, Chief Executive Officer of MSC. These results reflect the continued progress we are making to drive profitable growth and shareholder value.”

Earnings

This represents a 7.9% increase in total revenue and a 39.1% increase in net income compared to the same period last year.

Price History

MSC Industrial Direct Company, Inc. , “MSC,” or the “Company,” a premier distributor of Metalworking and Maintenance, Repair and Operations products and services to industrial customers throughout the United States, today reported results for its fiscal fourth quarter and full fiscal year ended August 31, 2019. “We are pleased to report strong fourth quarter results that exceeded our expectations,” said Erik Gershwind, MSC’s Chief Executive Officer. Importantly, we generated this top-line growth while also driving expansion in gross margin and adjusted operating margin.”

VI Analysis

The company’s fundamentals reflect its long term potential. However, according to the VI Risk Rating, MSC Industrial Direct is a medium risk investment in terms of financial and business aspects. The VI App has detected 2 risk warnings in the balance sheet, non financial.

VI Peers

The company has a wide range of products and services that it offers to its clients. The company has a strong presence in the market and is one of the leading companies in this sector. The company has a good reputation in the market and is known for its quality products and services. The company has a strong competition from other companies such as Hardwoods Distribution Inc, Watsco Inc, WESCO International Inc.

– Hardwoods Distribution Inc ($TSX:HDI)

As of 2022, Hardwoods Distribution Inc has a market cap of 534.86M and a ROE of 29.08%. The company is a wholesale distributor of hardwood lumber and related products in North America, with a network of over 60 locations in the United States and Canada. Products include hardwood lumber, softwood lumber, plywood, veneers, decking, flooring, and other millwork products. The company has a long history dating back to 1925, and is a publicly traded company on the Toronto Stock Exchange.

– Watsco Inc ($NYSE:WSO)

Watsco Inc is a provider of air conditioning, heating and refrigeration solutions. It has a market cap of 9.62B as of 2022 and a return on equity of 27.67%. The company serves the residential, commercial and industrial markets in the United States, Canada, Mexico and the Caribbean.

– WESCO International Inc ($NYSE:WCC)

Wesco International Inc is a holding company that, through its subsidiaries, engages in the distribution of electrical, industrial, and communications products and services in the United States, Canada, and Mexico. The company operates through three segments: Electrical, Industrial, and Communications. The Electrical segment offers products and services to customers in the construction, industrial, commercial, and utility end-markets. The Industrial segment provides products and services to customers in the mining, oil and gas, transportation, and infrastructure end-markets. The Communications segment offers products and services to customers in the communications, data center, and enterprise end-markets.

As of 2022, Wesco International Inc had a market cap of 6.45B and a Return on Equity of 16.97%.

Summary

The company stocks a broad range of products, including cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand tools, safety equipment, and janitorial supplies. MSC also offers an array of value-added services such as inventory management, product repair, and technical support. MSC Industrial Direct’s focus on customer service, wide product selection, and fast delivery has helped the company build a loyal customer base. The company has an extensive distribution network that covers the entire United States.

In addition, MSC Industrial Direct operates nine distribution centers and four customer service centers. MSC Industrial Direct’s strong fourth quarter results are a testament to the company’s sound business strategy. Looking ahead, MSC Industrial Direct is well positioned for continued growth. The company is investing in its business to drive future growth, including expanding its product offerings, investing in new technology, and opening new distribution centers. In addition, MSC Industrial Direct is focused on returning value to shareholders through share repurchases and dividends.