Msc Industrial Direct Company, Inc. · NYSE:MSM
Msc Industrial Direct — Q3 FY2014 Earnings Presentation
9 slides from Msc Industrial Direct's earnings presentation, Jul 9, 2014
Slide 1: Fiscal 3Q'14 Earnings Presentation
Fiscal 3Q’14 Earnings Presentation July 9, 2014 1
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, inclu
Slide 3: F3Q'14 Guidance Comparison
F3Q’14 Guidance Comparison Adjusted 3Q 2014 3Q 2014 Guidance Results(1) Sales $720M - $732M $720M Gross Margin 45.8% - 46.2% 46.3% Adjusted EPS $1.03 - $1.07 $1.06 Adjusted Operating Expenses $228M $226M Tax Rate 38.0% 37.9% (1) Reconciliations are provided on slides 7-9. 3
Slide 4: F3Q'14 EPS Walk
F3Q’14 EPS Walk(1,2) $1.06 $1.03 ($0.02) Adjusted CCSG GAAP EPS Integration EPS Costs (1) Previously provided guidance for F3Q 2014 included the impact from CCSG operating results and excluded non-recurring integration costs associated with the CCSG acquisition. Non-recurring costs associated with o
Slide 5: F4Q'14 Guidance
F4Q’14 Guidance Sales $718M – $730M Gross Margin 45.9% +/- 20 bps Adjusted EPS $0.98 – $1.02 Tax Rate 37.7% Assumptions: • Excludes non-recurring integration costs associated with the CCSG acquisition of roughly $0.02. 5
Slide 6: 4Q'14 Midpoint EPS Guidance Walk
4Q’14 Midpoint EPS Guidance Walk(1) $1.00 $0.98 ($0.02) Adjusted CCSG GAAP EPS Integration EPS Costs (1) Adjusted EPS excludes non-recurring integration costs associated with the CCSG acquisition. 6
Slide 7: Reconciliations
Reconciliations Non-GAAP Financial Measures To supplement MSC’s unaudited selected financial data presented on a basis consistent with Generally Accepted Accounting Principles (“GAAP”), the Company discloses certain non-GAAP financial measures, including adjusted operating expenses, adjusted operati
Slide 8: Reconciliations
Reconciliations Thirteen Weeks Ended Thirteen Weeks Ended May 31, 2014 May 31, 2014 (dollars in (dollars in thousands) Margin % of Sales thousands) GAAP Operating income $104,886 14.6% GAAP Operating expenses $228,508 31.7% Non-recurring costs 2,426 Non-recurring costs 2,426 Adjusted Operating incom
Slide 9: Reconciliations
Reconciliations Thirteen Weeks Ended May 31, 2014 Diluted (in thousands, except per share amounts) $(after tax) EPS** GAAP net income $64,696 $1.03 Non-recurring costs* 1,507 0.02 Adjusted net income $66,203 $1.06 * On a pre-tax basis includes approximately $127 of non-recurring relocation costs ass
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