MSC Industrial reports Q2 adjusted EPS $1.45, consensus $1.34

Reports Q2 revenue $961.6M, consensus $934.07M. Erik Gershwind, president and CEO, said, "We delivered a strong second quarter as successful execution across our initiatives continues to produce results. We delivered average daily sales growth approximately 11 percentage points higher than the IP Index and double-digit average daily sales growth for the fourth consecutive quarter. Looking ahead, we expect our outperformance against the IP Index to continue as we execute across our five growth drivers and take share by leveraging technical expertise to create operational benefits across our customer base."