3D Systems reported headline first-quarter earnings results that were in line with expectations, with revenue of $148 million and adjusted EPS of $0.15. Strong year-over-year revenue growth was driven by 28% reported organic growth and 17% related to acquisitions. Printers and products increased 53% year-over-year, while materials revenue grew 41% and services revenue grew 39%.…
Ritchie Bros. Auctioneers Inc. March Auction Results Decline Due to Auction Timing
Ritchie Bros. reported March gross auction proceeds (GAP) of $524 million, which was a decrease of 8% from $569 million a year ago. While the magnitude of the decrease was likely a little bigger than consensus forecasts, it was mostly expected given the company’s commentary at its analyst day that February results were inflated because…
MSC Industrial Accelerating Sales Growth and Positive Tone Bode Well for Shares
Accelerating sales growth, an EPS beat, and positive management tone drove MSC Industrial shares up nearly 5%. EPS were $0.02 ahead of the Street, although the bar was low due to weather fears. The headline was accelerating organic sales growth in March to 10% and guidance for 7%-9% growth in the fiscal third quarter. Management said…
MSC Industrial Direct EPS Miss Widely Expected
Based on weather-driven sluggishness throughout January and February, analysts expect fiscal second-quarter EPS below consensus of $0.86. The midpoint of management’s EPS guidance ($0.83-$0.87) assumed a return to October/November sales growth (5%) in January and February after a slowdown in December (3%). Considering peer results and our surveys, we now believe January organic growth was…
W.W. Grainger Quarter Likely to Fall Short of the Street
We expect first-quarter EPS to fall below consensus of $2.97, with a likely range of $2.86-$2.92. Street sales growth consensus of 5%, implying 9% growth in March, looks too high. Although March will benefit from the calendar shift of Good Friday, and weather has been more favorable, 9% growth from 3% growth in January and…
HD Supply Reported fourth-quarter Financial Results
HD Supply Reported fourth-quarter Financial Results
MSC Industrial \EPS Beat Expectations by $0.02, March Accelerates as Expected
Overall, this was a fairly strong report from MSC with a nice rebound in March, as we expected. The strong growth in March appears to be driven by manufacturing, government, and national accounts. Management’s tone remains upbeat and our sense is that growth could continue to accelerate in the back half. Easy comparisons are a…