MSC Industrial Direct Co Inc Issues Q3 2013 Guidance Below Analysts' Estimates


Wednesday, 10 Apr 2013 07:30am EDT 

MSC Industrial Direct Co Inc announced that based on a continuation of current market conditions, for the third quarter of 2013, the Company expects net sales to be between $597 million and $609 million reflecting flat average daily sales growth at the midpoint. Excluding non-recurring costs related to the co-location of the Company's headquarters in Davidson, North Carolina and the effects of the pending acquisition of BDNA, including non-recurring transaction and integration costs, the Company expects adjusted diluted earnings per share for the third quarter of 2013 to be between $0.95 and $0.99. Guidance reflects the existing soft demand environment and the lack of a mid-year price adjustment. The Company expects the non-recurring costs related to the co-location of the Company's headquarters to have a $0.01 impact on its GAAP diluted earnings per share in the third quarter. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $633 million and EPS of $1.10 for third quarter of 2013. 

Company Quote

90.14
0.3 +0.33%
29 Aug 2014