logo
Plus   Neg
Share
Email

MSC Industrial To Continue Not Giving Quarterly Financial Guidance Amid COVID-19 - Quick Facts

While reporting financial results for the third quarter on Wednesday, MSC Industrial Supply Co. (MSM) said it will continue not giving quarterly financial guidance, due to the ongoing unprecedented uncertainty and lack of visibility going forward amid the ongoing coronavirus (COVID-19) pandemic.

In early April, the company had suspended providing its quarterly financial guidance until the period of heightened uncertainty passes.

However, the company said it will continue providing monthly updates following its month-end close on average daily sales developments, as well as comments on the business trends that has been seen over the course of the month.

Looking ahead, the company said it remains focused on its three continuing priorities, all centered on expanding operating margins while it continues the repositioning of the company from a spot buy supplier to a mission critical partner on the plant floor. The company will also resume its sales force refinement efforts and restart its business development hiring.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Biotechnology company Seattle Genetics, Inc. (SGEN) and Japanese pharmaceutical company Astellas Pharma Inc. (ALPMY, ALPMY) announced Friday that a phase 3 trial of PADCEV (enfortumab vedotin-ejfv) met its primary endpoint of overall survival compared to chemotherapy. The results were reviewed by... MWE Investments is recalling dual fuel portable generators citing fire risk, according to the U.S. Consumer Product Safety Commission. The recall involves about 7,500 units of Westinghouse WGen5300DFv Dual Fuel Portable Generators and Westinghouse iGen4500DF Dual Fuel Inverter Portable Generators. According to the agency, the dual fuel portable generators can leak fuel. Apple Inc. (AAPL) will launch an online store in India on September 23, offering the tech giant's full range of products and support directly to customers across the country for the first time.
RELATED NEWS
Follow RTT