MSC Industrial Direct Co., Inc. announced unaudited consolidated earnings results for first quarter ended December 3, 2016. For the quarter, the company reported net sales of $686,271,000, income from operations of $90,600,000, income before provision for income taxes of $87,545,000, net income of $54,103,000, net income per common share: diluted of $0.95, net cash provided by operating activities of $75,435,000, expenditures for property, plant and equipment of $12,497,000 compared to the net sales of $706,819,000, income from operations of $90,388,000, income before provision for income taxes of $89,058,000, net income of $55,029,000, net income per common share: diluted of $0.89, net cash provided by operating activities of $122,110,000, expenditures for property, plant and equipment of $15,575,000 for the same quarter a year ago.

Based on current market conditions, the company expects net sales for the second quarter of fiscal 2017 to be between $688 million and $701 million. At the midpoint, average daily sales are expected to increase roughly 1.5%, as compared to last year's second quarter. The Company expects diluted earnings per share for the fiscal second quarter 2017 to be between $0.86 and $0.90.