MSC Industrial Direct Co. Inc. (MSM) - NYSE
  • Apr. 22, 2013, 11:02 AM

    Barnes Group (B -2%) says it's completed the sale of its North American distribution business to MSC Industrial Direct (MSM +0.5%), for approximately $550M in cash. As a result of the sale, B has updated FY13 guidance, saying that it will report the sold unit as discontinued operations beginning with Q1. It now expects FY13 revenue from continuing operations to grow 17% to 20% Y/Y. GAAP EPS are now anticipated to be in the range of $1.71 to $1.86.

    | Apr. 22, 2013, 11:02 AM
  • Feb. 22, 2013, 8:08 AM

    MSC Industrial Direct (MSM) agrees to acquire all assets and assume certain liabilities of the North American distribution business of the Barnes Group (B) for $550M. MSM expects the deal to be accretive to cash flow and EPS in FY2014 and 2015. Also, Barnes names COO Patrick Dempsey as its new President and CEO.

    | Feb. 22, 2013, 8:08 AM
Company Description
MSC Industrial Direct Co., Inc. markets and distributes metalworking and maintenance, repair and operations products to customers throughout the U.S. The company serves primarily domestic markets through its distribution network of customer fulfillment centers. Its products include cutting... More
Sector: Services
Industry: Industrial Equipment Wholesale
Country: United States