Msc industrial supply co. provides earnings guidance for the first quarter of fiscal 2020

Msc industrial supply co. provided earnings guidance for the first quarter of fiscal 2020. the company expects total net sales for the first quarter of fiscal 2020 to be between $811 million and $827 million. at the midpoint, average daily sales are expected to decrease roughly 1.5% compared to last year's first quarter. the company expects diluted earnings per share for the first quarter of fiscal 2020 to be between $1.12 and $1.18. excluding severance and separation expenses, diluted earnings per share for the first quarter of fiscal 2020 are expected to be between $1.15 and $1.21.
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