MELVILLE, N.Y. and DAVIDSON, N.C., March
26, 2019 /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 $0.63 per
share. The $0.63 dividend is payable
on April 23, 2019 to shareholders of
record at the close of business on April 9,
2019. The ex-dividend date is April
8, 2019.
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 more than 1.6 million products,
inventory management and other supply chain solutions, and deep
expertise from over 75 years of working with customers across
industries.
Our experienced team of over 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.