MSC Industrial Direct Co Inc (NYSE:MSM)
$ 88.58 -0.21 (-0.24%) Market Cap: 4.95 Bil Enterprise Value: 5.50 Bil PE Ratio: 19.34 PB Ratio: 3.56 GF Score: 82/100

MSC Industrial Direct Co Inc at Wells Fargo Industrials Conference (Virtual) Transcript

May 05, 2020 / 01:10PM GMT
Release Date Price: $59.09 (+2.43%)
Michael Lawrence McGinn
Wells Fargo Securities, LLC, Research Division - Senior Analyst

Good morning, everyone. This is Mike McGinn, Senior Analyst, Wells Fargo. I'd like to start off by thanking the MSC team, Erik and John for joining us this year. I believe this is their first year attending. And we're delighted to be hosting in our new socially safe virtual format.

For those investors on the line and webcast, if you have any questions you haven't already submitted, you can e-mail me at [email protected], and I'll do my best to fit those in. But starting off and by way of introduction, MSC is a leading distributor of MRO manufacturing products but really traces their roots right back here to New York in the metalworking industry. The company is unique in that they operate an asset-light hub-and-spoke distribution center model with a highly trained sales force and call center staff and, of course, an online market presence. Aerospace, heavy machinery, transports and metals and mining are key end markets, along with some of their top suppliers, Kennametal, Sandvik and their own

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