MSC Industrial reports Q1 adjusted EPS 86c, consensus 73c

Reports Q1 revenue $928.48M, consensus $904.59M. Erik Gershwind, CEO, said, “Our first quarter results reflect solid performance in a challenging operating environment. During the quarter, we returned to growth in the Public Sector and continued expanding our solutions footprint. While this is an encouraging start to the fiscal year, there is room for improvement, which we are addressing through the three pillars of our Mission Critical strategy.”