MSC Industrial: Fiscal Q4 Earnings Snapshot

MELVILLE, N.Y. (AP) — MELVILLE, N.Y. (AP) — MSC Industrial Direct Co. (MSM) on Thursday reported fiscal fourth-quarter earnings of $47.9 million.

On a per-share basis, the Melville, New York-based company said it had net income of 85 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, were $1.45 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.

The distributor of industrial tools and supplies posted revenue of $1.08 billion in the period.

For the year, the company reported profit of $222.6 million, or $3.98 per share. Revenue was reported as $4.01 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSM at https://www.zacks.com/ap/MSM