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MSC Industrial Guides Q4 EPS Below View, Boosts Dividend 19% - Quick Facts

While reporting financial results for the third quarter on Wednesday, MSC Industrial Supply Co. (MSM) provided earnings and sales outlook for the fourth quarter.

For the fourth quarter, the company expects earnings in a range of $1.21 to $1.27 per share on net sales between $835 million and $851 million. At the midpoint, average daily sales are expected to increase roughly 2.2 percent compared to last year's fourth quarter.

Excluding acquisitions, net sales is projected between $808 million and $824 million, with average daily sales at the midpoint expected to increase roughly 1.0 percent compared to last year's fourth quarter.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.48 per share on sales of $883.56 million for the quarter. Analysts' estimates typically exclude special items.

Further, the company's board of directors declared a 19 percent higher quarterly dividend of $0.75 per share, payable on August 6, 2019, to shareholders of record on the close of business on July 23, 2019.

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