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Summary Of Quarterly Results (Tables)
 12 Months Ended
Aug. 31, 2019
Summary Of Quarterly Results [Abstract]  
Summary Of Quarterly Financial Data



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Fiscal Year Ended August 31, 2019

 

Fiscal Year Ended September 1, 2018



First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter(2)

 

First Quarter

 

Second Quarter(1)

 

Third Quarter

 

Fourth Quarter



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

(Unaudited)

Consolidated Income Statement Data:

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Net sales

$

 831,597 

 

$

 823,004 

 

$

 866,546 

 

$

 842,670 

 

$

 768,561 

 

$

 768,987 

 

$

 828,345 

 

$

 837,985 

Gross profit

 

 357,985 

 

 

 351,814 

 

 

 368,655 

 

 

 353,589 

 

 

 335,069 

 

 

 337,223 

 

 

 361,001 

 

 

 359,668 

Income from operations

 

 103,000 

 

 

 95,981 

 

 

 110,501 

 

 

 90,514 

 

 

 99,278 

 

 

 98,103 

 

 

 115,382 

 

 

 107,790 

Net income

 

 74,232 

 

 

 68,430 

 

 

 79,514 

 

 

 66,621 

 

 

 59,585 

 

 

 117,552 

 

 

 79,069 

 

 

 73,017 

Net income attributable to MSC Industrial

 

 74,232 

 

 

 68,424 

 

 

 79,601 

 

 

 66,608 

 

 

 59,585 

 

 

 117,552 

 

 

 79,069 

 

 

 73,017 

Net income per share attributable to MSC Industrial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 1.34 

 

 

 1.24 

 

 

 1.44 

 

 

 1.21 

 

 

 1.06 

 

 

 2.08 

 

 

 1.40 

 

 

 1.30 

Diluted

 

 1.33 

 

 

 1.24 

 

 

 1.44 

 

 

 1.20 

 

 

 1.05 

 

 

 2.06 

 

 

 1.39 

 

 

 1.29 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

In the second quarter of fiscal 2018, the Company recorded a net tax benefit of $41,199 due to the revaluation of its net deferred tax liabilities primarily related to the lower federal corporate tax rate, partially offset by the lower federal benefit for state taxes and the change from a worldwide tax system to a territorial tax system, and a net tax benefit of $16,929 attributable to the lower effective tax rate required to bring our first half into alignment with the expected full-year rate.

(2)

In the fourth quarter of fiscal 2019, the Company recorded $6,725 of severance and separation benefits charges and other related costs associated with workforce reduction and increased performance management.  The net income per share impact from these charges were $0.09 in the fourth quarter of fiscal 2019.