MSC Industrial Supply Co. Declares Regular Quarterly Dividend
Published: Oct. 14, at PM CDT
MELVILLE, N.Y. and DAVIDSON, N.C., Oct. 14, /PRNewswire/ -- MSC Industrial Supply Co. (NYSE: MSM), a premier distributor of Metalworking and Maintenance, Repair and Operations (MRO) products and services to industrial customers throughout North America, today announced that its Board of Directors has declared a cash dividend of $ per share. The $ dividend is payable on November 30, to shareholders of record at the close of business on November 16, The ex-dividend date is November 15,
About MSC Industrial Supply Co.
MSC Industrial Supply Co. (NYSE:MSM) is a leading North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. We help our customers drive greater productivity, profitability and growth with approximately million products, inventory management and other supply chain solutions, and deep expertise from 80 years of working with customers across industries. Our experienced team of more than 6, associates is dedicated to working side by side with our customers to help drive results for their businesses - from keeping operations running efficiently today to continuously rethinking, retooling, and optimizing for a more productive tomorrow. For more information on MSC Industrial, please visit mscdirect.com.
Cautionary Note Regarding Forward-Looking Statements
Statements in this press release may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of All statements, other than statements of historical fact, that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including statements about the future impact of COVID on our business operations, results of operations and financial condition, expected future results, expected benefits from our investment and strategic plans and other initiatives, and expected future growth, profitability and return on invested capital, are forward-looking statements. The words "will," "may," "believes," "anticipates," "thinks," "expects," "estimates," "plans," "intends," and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The inclusion of any statement in this press release does not constitute an admission by MSC Industrial or any other person that the events or circumstances described in such statement are material. Additional information concerning these and other risks is described under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our annual and quarterly reports on Forms K and Q, respectively, and in the other reports and documents that we file with the U.S. Securities and Exchange Commission. We expressly disclaim any obligation to update any of these forward-looking statements, except to the extent required by applicable law.
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SOURCE MSC Industrial Supply Co.
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Global company recognized as inaugural winner in tooling components category
Auburn Hills, Mich. (June 22, ) – DESTACO, the industry’s leading global provider of high-performance automation, workholding and containment solutions, recently received “Tooling Components Vendor of the Year” honors from MSC Industrial Supply Co., a premier distributor of Metalworking and Maintenance, Repair and Operations products and services to industrial customers throughout North America.
The award recognizes DESTACO for excellence in sales performance, profitability, product innovation, marketing, field support, operational performance and outstanding customer service in DESTACO is the inaugural winner of MSC’s Vendor of the Year award in the tooling components category as a supplier of manual and pneumatic clamps.
“MSC works hard to bring deep expertise and insight to help our manufacturing customers keep their operations up and running and improve their efficiency and performance. Our supplier partners play a critical role in bringing value to customers in this way,” said Ryan Esposito, Vice President-Metalworking Product Management for MSC. “The DESTACO team did an outstanding job of bringing economic value to our customers in and we are pleased to recognize their efforts with our Vendor of the Year award in the tooling components category.”
“Collaboration is the key component to the success we saw with MSC,” said Stefan Eggers, DESTACO’s Vice President of Global Sales and Service. “In pairing our entire team with MSC’s tooling components team, we were able to work proactively and provide additional value with faster service, special product needs and local assistance, which enabled us to overcome customer support challenges quickly and effectively.”
DESTACO offers the industry’s most comprehensive workholding product line across the globe. Committed to customer success, DESTACO’s technical experts anticipate evolving markets to create custom solutions that overcome individual challenges for a wide range of applications.
Department of Management Services
|CBE Code||Florida Climate Friendly Preferred Products||Recycled Products||Utilizes Authorized Resellers||Coverage Area|
|A - Non-Minority||No||No||No||Statewide|
Name: Tony Glass
Title: Inside Sales Team Supervisor
Street Address or P.O. Box: Shadowridge Dr. Suite
City, State, Zip: Orlando, FL
Email Address: [email protected]
Toll Free Number:
Ordering Fax Number:
Internet Address: https://www.mscdirect.com
Federal ID Number:
Remit Address: PO Box
City, State, Zip: St. Louis, MO
Name: Scott McCamant
Title: State Account Manager
Street Address: Shadowridge Dr. Suite Orlando, FL
E-mail Address: [email protected]
Phone Number(s): Office: Cell:
Supply msc industrial
MSC Industrial Direct
American distributing company
|NYSE:MSM (Class A)|
|Industry||Industrial Equipment Wholesale|
|Founded||New York, NY ()|
|Headquarters||Melville, NY, |
|Mitchell Jacobson, Chairman |
Erik Gershwind, President & CEO
Rustom Jillia, EVP & CFO
Doug Jones, EVP & Chief Supply Chain Officer
Steve Baruch, EVP, Strategy & Marketing
Kari Heerdt, SVP & Chief People Officer
Charles Bonomo, SVP & CIO
|Revenue||$ billion USD ()|
|$ million USD ()|
Number of employees
MSC Industrial Direct Co., Inc (MSC), through its subsidiaries, primarily, MSC Industrial Supply Co., it is one of the largest industrial equipment distributors in the United States, distributing more than million metalworking and other industrial products. MSC is most famous for publishing "The Big Book", a catalog totaling over 3, pages detailing the company's products, which currently number over 1 million.
MSC was founded in as Sid Tool, Inc., by Sidney Jacobson, in New York's Little Italy. It originally sold cutting tools and accessories to New York City machine shops. The company later moved its headquarters to Plainview, NY. In Manhattan Supply Company was acquired and in , moved to its current headquarters in Melville, New York. The company currently operates from five regional Customer Fulfillment Centers and 85 branch offices. On June 8, , MSC completed the acquisition of J & L America, Inc. DBA J & L Industrial Supply (J & L), a subsidiary of Kennametal, for $ million.
In the company opened its co-headquarters office in Davidson, North Carolina which is located in the Charlotte, North Carolina metropolitan area. The company has expanded to employees at the co-headquarters, with employees making the move to the Carolinas from the Melville office.
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