Msc Industrial Direct Company, Inc. · NYSE:MSM
Msc Industrial Direct — Q4 2016 Earnings Presentation
11 slides from Msc Industrial Direct's earnings presentation, Nov 1, 2016
Slide 1: Fiscal 2016 Q4 Earnings Presentation
Fiscal 2016 Q4 Earnings Presentation November 1, 2016
Slide 2: Risks and Non-GAAP Disclosures
Risks and Non-GAAP Disclosures This presentation contains forward-looking statements within the meaning of U.S. securities laws, including guidance about expected future results, expectations regarding our ability to gain market share, expected benefits from our investment and strategic plans, and e
Slide 3: FY 2016 Q4 Guidance Comparison
FY 2016 Q4 Guidance Comparison FY 2016 Q4 FY 2016 Q4 Guidance Results Net Sales $730M – $742M $745.1M Gross Margin 44.7% – 45.1% 44.8% Operating Expenses $234.2M $234.8M Tax Rate 36.8% 36.7% Diluted EPS $0.96-$1.00 $1.02 | 1-Nov-2016 3
Slide 4: FY 2016 Analysis
FY 2016 Analysis FY 2016 Impact of FY 2015 FY 2016 Impact/Margin (excluding 53rd Line Item Tender (52 Weeks) (53 Weeks) of 53rd Week* week & Tender Offer* Offer)* Sales (M) $2,910 $2,864 $56 $2,808 Operating Margin 13.0% 13.1% 22% 13% EPS $3.74 $3.77 $0.12 $0.01 $3.64 * Estimated based on management
Slide 5: FY 2017 Q1 Guidance
FY 2017 Q1 Guidance Sales $676M – $688M Gross Margin 45.0% +/- 20 bps Tax Rate 38.2% Diluted EPS $0.90 – $0.94 | 1-Nov-2016 5
Slide 6: FY 2017 Annual Operating Margin Framework
FY 2017 Annual Operating Margin Framework Slightly Positive MSC Growth Level Price Environment 12.6% 13.3% (+/- 50 bps) (+/- 50 bps) Slightly Negative 12.2% 12.7% (+/- 50 bps) (+/- 50 bps) Slightly Negative Slightly Positive | 1-Nov-2016 6
Slide 7: Non-GAAP Financial Measures
Reconciliations Non-GAAP Financial Measures Adjusted operating income, adjusted net income, and adjusted net income per diluted share To supplement MSC’s unaudited selected financial data presented on a basis consistent with Generally Accepted Accounting Principles (“GAAP”), the Company discloses ce
Slide 8: Non-GAAP Financial Measures (cont'd)
Reconciliations Non-GAAP Financial Measures (cont’d) Free Cash Flow Our measure of “Free cash flow” meets the definition of a non-GAAP financial measure. Free cash flow is used in addition to and in conjunction with results presented in accordance with GAAP and free cash flow should not be relied up
Slide 9: Reconciliations
Reconciliations Thirteen Weeks Ended August 29, 2015 (in thousands) Margin GAAP Operating income $ 95,440 13.1 % Non-recurring costs 236 Adjusted Operating income $ 95,676 13.2 % Thirteen Weeks Ended August 29, 2015 (in thousands) Net sales $ 727,405 Cost of goods sold 400,270 Gross profit 327,135 O
Slide 10: Reconciliations
Reconciliations Fiscal Year Ended August 29, 2015 (in thousands) Margin GAAP Operating income $ 379,529 13.0 % Non-recurring costs 4,507 Adjusted Operating income $ 384,036 13.2 % Fiscal Year Ended August 29, 2015 (in thousands) Net sales $ 2,910,379 Cost of goods sold 1,593,804 Gross profit 1,316,5
Slide 11: Reconciliations: Free Cash Flow
Reconciliations Fiscal Quarter Ended September 3, 2016 (14 weeks) (in thousands) Net cash provided by operating activities $ 115,281 Expenditures for property, plant and equipment (53,216) Free cash flow $ 62,065 Fiscal Year Ended September 3, 2016 (53 weeks) (in thousands) Net cash provided by oper
MSC Industrial Direct — Q4 2016 Earnings Presentation on 6ix