MSC INDUSTRIAL DIRECT CO., INC. (NYSE:MSM), “MSC” or the
“Company,” one of the premier distributors of Metalworking and
Maintenance, Repair and Operation (“MRO”) supplies to industrial
customers throughout the United States, announced that its Board
of Directors has declared its regular quarterly cash dividend of $0.20
per share. The dividend is payable on July 28, 2009 to shareholders of
record at the close of business on July 14, 2009.
About MSC Industrial Direct Co., Inc.
MSC Industrial Direct Co., Inc. is one of the premier distributors of
Metalworking and Maintenance, Repair and Operations (“MRO”) supplies to
industrial customers throughout the United States. MSC distributes
approximately 590,000 industrial products from approximately 3,000
suppliers to approximately 357,000 customers. In-stock availability is
approximately 99%, with next day standard delivery to the contiguous
United States on qualifying orders up until 8:00 p.m. Eastern Time. MSC
reaches its customers through a combination of approximately 27 million
direct-mail catalogs and CD-ROMs, 96 branch sales offices, 914 sales
people, the Internet and associations with some of the world's most
prominent B2B e-commerce portals. For more information, visit the
Company's website at http://www.mscdirect.com.
CAUTIONARY STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995. Statements in this Press Release may constitute
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Any statements contained herein which
are not statements of historical facts and that address activities,
events or developments that the Company expects, believes or anticipates
will or may occur in the future shall be deemed to be forward-looking
statements. Forward-looking statements are inherently subject to risks
and uncertainties, many of which cannot be predicted with accuracy and
some of which might not even be anticipated. Future events, actual
results and performance, financial and otherwise, could differ
materially from those set forth in or contemplated by the
forward-looking statements herein. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as
of the date hereof. The Company undertakes no obligation to release
publicly any revisions to these forward-looking statements that may be
made to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events. 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,
without limitation, current economic, political and social conditions,
changing customer and product mixes, financial restrictions on
outstanding borrowings, industry consolidations, competition, general
economic conditions in the markets in which the Company operates,
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 the Company’s
information systems and on key personnel, the outcome of potential
government or regulatory proceedings or future litigation relating to
pending or future claims, inquiries or audits, and various other risk
factors listed from time to time in the Company's SEC reports.
MSC Industrial Direct Co., Inc.
Shelley Boxer, 516-812-1216
V.P.
Finance
or
Investors/Media:
FD
Eric
Boyriven/Alexandra Tramont, 212-850-5600
