MSC Industrial Supply Co. (MSM) reported that its first-quarter net income to MSC declined to $69.4 million from $81.3 million, last year. EPS was $1.22 compared to $1.45. Adjusted EPS declined to $1.25 from $1.48. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $1.31, for the quarter. Analysts' estimates typically exclude special items.
First quarter net sales were $954.0 million, decreased 0.4% from a year ago. Analysts on average had estimated $972.06 million in revenue.
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