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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • MSC Industrial Reports Third Quarter Results, $636.9M Net Sales 0 comments
    Jul 10, 2013 10:57 AM | about stocks: MSM

    Originally published at www.seclive.com

    Filing in Focus: MSC Industrial Direct 8-K, July 8, 2013

    MSC Industrial Direct (NYSE:MSM) has filed its form 10-Q for third quarter fiscal 2013, reporting net sales this quarter of $636.9M, up 4.1% from $612.0M reported this quarter last year. Details of the financial impact of its acquisition of Barnes Distribution North America in April are reported in detail in a recent form 8-K filing. Barnes contributed $34.7M in net sales to the $636.9M total reported by MSC. Net income this quarter was down from $70.2M last year to $62.4M, with earnings per share declining respectively to $0.98 per share, down from $1.10 per share this quarter last year. The decreases in profits and earnings per share was expected and attributed primarily to an extra week in fiscal 2012 and the lack of mid-year price increases, according to executive vice president and CFO Jeff Kaczka.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: acquisition, form 8-K, form 10-Q, EPS Stocks: MSM
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