|MSC Industrial Direct through MSC Industrial Supply Co. is one of the largest industrial equipment distributors in the world. MSM earnings reports give us an insight into the industrial economy strength. |
Earnings: 1Q17 net income fell to $54.11MM from $55.03MM last year, while EPS rose to $0.95 from $0.89 on lower weighted average shares. Net sales dropped to $686.27MM from $706.82MM. Slight decline due to higher interest expenses and difficult demand environment softness in pricing.
Reaction: MSC Industrial Direct NYSE: MSM 98.14 +5.97 +6.48%