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DAILY EARNINGS

Fastenal, MSC Industrial Direct, WD-40 Net Soar; AAR Net Declines


Author: Mukesh Buch
ticker.com
Last Update: 12:39 PM EDT July 11 2018

11:45 PM New York AngioDynamics fourth-quarter net swung to profit. AAR Corp fourth-quarter net declined 43% to $12 million. Fastenal second-quarter net surged 42% to $211 million. MSC Industrial Direct third-quarter net soared 26% to $79 million. WD-40 Company third-quarter net soared 12% to $16 million.

Tollbooth Index rose 14.95 to 15,378.49 but for the year-to-date soared 11.8%.

Earnings Review

AngioDynamics Inc (ANGO), the medical, surgical, and diagnostic devices maker said net sales in the fourth-quarter ending in May increased 1.6% from a year ago to $88.3 million.

Net in the quarter swung to profit $2.1 million or 6 cents per diluted share from $12.9 million or 35 cents in the same quarter last year.

The medical devices maker forecasted fiscal 2019 net sales in the range of $344 million to $349 million and diluted earnings per share in the range of 82 cents to 86 cents.

AAR Corp (AIR), the aviation services provider said sales in the fourth-quarter ending in May advanced 5% from a year ago to $473.5 million.

Net income in the quarter declined 43.4% to $12 million or 34 cents per diluted share from $21.2 million or 62 cents in the same quarter last year.

AAR reaffirmed fiscal 2019 sales forecast in the range of $2.1 billion to $2.2 billion and diluted earnings per share between $2.50 and $2.80, and operating profit in the range of $180million to $190 million.

Fastenal Co (FAST), the fastener services provider reported net sales in the second-quarter ending in June advanced 13.1% from a year ago to $1.3 billion.

Net income in the quarter surged 41.9% to $211.2 million or 74 cents per diluted share from $148.9 million or 52 cents in the same quarter last year.

Fastenal said during the quarter, it had signed 5,537 industrial vending devices, an increase of 13.4% and as on June 30, installed device count jumped 14.3% to 76,069 from a year ago period.

MSC Industrial Direct Company Inc (MSM), the metalworking maintenance and repairing services provider said net sales in the third-quarter ending on June 2 surged 11.3% from a year ago to $828.3 million.

Net income in the quarter soared 26% to $79.1 million or $1.39 per diluted share from $62.8 million or $1.09 in the same quarter last year.

The industrial distributor forecasted fiscal 2018 net sales to between $829 million and $844 million and diluted earnings per share in the range of $1.24 and $1.30.

WD-40 Company (WDFC), the lubricants and cleaning products maker stated total net sales in the third-quarter ending in May jumped 9% from a year ago to $107 million.

Net income in the quarter soared 12% to $16.1 million or $1.15 per diluted share from $14.4 million or $1.02 in the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc