MSC Industrial Direct Co., Inc. Announces Change In Record Date For April 2014 Dividend

MELVILLE, N.Y., April 4, 2014 /PRNewswire/ -- MSC INDUSTRIAL DIRECT CO., INC. (NYSE: MSM), "MSC" or the "Company," the premier distributor of Metalworking and Maintenance, Repair and Operations ("MRO") supplies to industrial customers throughout North America, today announced that its Board of Directors has revised the record date for its April 2014 cash dividend on the common stock of the Company of $0.33 per share. The record date was changed from April 8, 2014 to April 15, 2014. The declared dividend is payable on April 22, 2014 to shareholders of record at the close of business on April 15, 2014.

About MSC Industrial Direct Co., Inc. MSC Industrial Direct Co., Inc. is one of the largest distributors of Metalworking and Maintenance, Repair and Operations ("MRO") supplies to industrial customers throughout North America. MSC employs one of the industry's largest sales forces and distributes approximately 725,000 industrial products from approximately 3,000 suppliers. In-stock availability is approximately 99%, with next day standard delivery to the contiguous United States on qualifying orders up until 8 p.m. Eastern Time.  For more information, visit MSC's website at http://www.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, including the Barnes Distribution North America acquisition, 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: problems with successfully integrating acquired operations, unanticipated delays or costs associated with opening or expanding our customer fulfillment centers or customer service centers, current economic, political and social conditions, changing customer and product mixes, financial restrictions on outstanding borrowings, industry consolidation, the loss of key suppliers or supply chain disruptions, competition, general economic conditions in the markets in which we operate, 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, the risk of war, terrorism and similar hostilities, dependence on our information systems and on key personnel, 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.

SOURCE MSC Industrial Direct

For further information: Investor Contact: John G. Chironna, VP Investor Relations & Treasurer, MSC Industrial Direct Co. Inc., (704) 987-5231; Media Contact: Rachel Rosenblatt, FTI Consulting - Strategic Communications, (212) 850-5600
Please complete the following information to chat live now!
*Required field
First Name*
Last Name*
Email*
Phone*
Address (optional)
I need help with...*
Chat is available Monday through Friday from 8:00AM - 8:00 PM EST. U.S. Customers: For prompt service please call our MSC eCommerce Customer Care Team at 800-753-7970. International Customers: For prompt service please call our International Customer Care Team at 1-888-080-2048 (within the U.S.) or 001-248-200-4420 (outside the U.S.). Thank you.
About this panel
Click here to configure URLs
Click here to configure attributes
Click here to configure workflow and routepoints
Workflow Type
Routepoint Identifer
Click here to configure reconnections
Click here to configure custom data (Watson)
Click here to configure Co-Browse
Click here to toggle require contact details