MSC Reports Fiscal 2021 First Quarter Results
News provided by
Share this article
FISCAL Q1 2021 HIGHLIGHTS
Net sales of $771.9 million, a 6.3% YoY decrease
Operating income of $53.9 million, or $84.6 million excluding a $26.7 million impairment charge and $4 million in restructuring and other related costs
1
1
Adjusted diluted EPS of $1.10 vs. $1.21 in the prior year
1
Declared special cash dividend of $3.50 per share on November 17, 2020
MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), MSC or the Company , a premier distributor of Metalworking and Maintenance, Repair and Operations ( MRO ) products and services to industrial customers throughout North America, today reported financial results for its fiscal 2021 first quarter ended November 28, 2020.
Foreign investment in Saudi Arabia surges after coronavirus slowdown arabianbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabianbusiness.com Daily Mail and Mail on Sunday newspapers.
RIYADH: A total of 306 new international companies were granted investor licenses in Saudi Arabia in the third quarter of 2020, a 96 percent increase on the previous three-month period, the Kingdom’s investment ministry announced on Tuesday.
The ministry released the figures as part of its new Investment Highlights Fall 2020 report, which provides an overview of the development of the Kingdom’s investment environment.
Saudi Minister of Investment Khalid Al-Falih said the latest figures showed that the Kingdom was able to retain the long-term confidence of the global investor community, and was achieving “steady and positive” economic recovery.
“Resilience against a backdrop of global uncertainty is a clear sign that the Saudi opportunity has not changed. We look forward to continuing our support of foreign investors as they access and enjoy the benefits of the Kingdom’s emerging opportunities,” he said.
Industrial Production Index rises in October
20 Dec 2020 - 8:52
The Peninsula
Doha: The Industrial Production Index (IPI) for October 2020 amounted to 103.1 points, showing an increase of 3 percent compared to September 2020.
The Industrial Production Index consists of three main components: “Mining” with a relative importance of 83.6 percent, “Manufacturing” with a relative importance of 15.2 percent, “Electricity” with a relative importance of 0.7 percent, and finally “Water” with a relative importance of 0.5 percent, said Planning and Statistics Authority in report yesterday.
This index details the growth of various industrial sectors in economy such as “Mining”, “Manufacturing”, “Electricity production”, and “Water production and desalination”. It is a short-term quantitative index that measures the changes in the volume of productions of a selected basket of industrial products over a given period with respect to that in a chosen period