MELVILLE, N.Y. and DAVIDSON, N.C., June
19, 2018 /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 $0.58 per
share. The $0.58 dividend is payable
on July 24, 2018 to shareholders of
record at the close of business on July 10,
2018. The ex-dividend date is July 9,
2018.
About MSC
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
more than 1.5 million products, inventory management and other
supply chain solutions, and deep expertise from more than 75 years
of working with customers across industries.
Our experienced team of more than 6,500 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, please visit mscdirect.com.
Note Regarding Forward-Looking Statements: Statements in
this Press Release may constitute "forward-looking statements"
under the Private Securities Litigation Reform Act of 1995. 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 expected future results, expected benefits from our
investment and strategic plans, and expected future margins, are
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 release does not
constitute an admission by MSC or any other person that the events
or circumstances described in such statement are material. Factors
that could cause actual results to differ materially from those in
forward-looking statements include: general economic conditions in
the markets in which we operate, current economic, political and
social conditions, changing customer and product mixes,
competition, including the adoption by competitors of aggressive
pricing strategies and sales methods, industry consolidation,
volatility in commodity and energy prices, credit risk of our
customers, risk of cancellation or rescheduling of orders, work
stoppages or other business interruptions (including those due to
extreme weather conditions) at transportation centers or shipping
ports, financial restrictions on outstanding borrowings, dependence
on our information systems and the risk of business disruptions
arising from changes to our information systems, disruptions due to
computer system or network failures, computer viruses, physical or
electronics break-ins and cyber-attacks, the inability to
successfully manage the upgrade of our core financial systems, the
loss of key suppliers or supply chain disruptions, problems with
successfully integrating acquired operations, opening or expanding
our customer fulfillment centers exposes us to risks of delays, the
risk of war, terrorism and similar hostilities, dependence on key
personnel, goodwill and intangible assets recorded as a result of
our acquisitions could be impaired, and the outcome of potential
government or regulatory proceedings or future litigation relating
to pending or future claims, inquiries or audits. 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 the reports on
Forms 10-K and 10-Q that we file with the U.S. Securities and
Exchange Commission. We assume no obligation to update any of these
forward-looking statements.
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SOURCE MSC Industrial Supply Co.