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NEWS


MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2025 THIRD QUARTER RESULTS

FISCAL 2025 Q3 HIGHLIGHTS

•Net sales of $971.1 million decreased 0.8% YoY
•Operating income of $82.7 million, or $87.2 million on an adjusted basis1
•Operating margin of 8.5%, or 9.0% on an adjusted basis1
•Diluted EPS of $1.02 vs. $1.27 in the prior fiscal year quarter
•Adjusted diluted EPS of $1.08 vs. $1.33 in the prior fiscal year quarter1

MELVILLE, N.Y. and DAVIDSON, N.C. (JULY 1, 2025) - MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM) (“MSC,” “MSC Industrial,” the “Company,” “we,” “us,” or “our”), a leading North American distributor of a broad range of metalworking and maintenance, repair and operations (MRO) products and services, today reported financial results for its fiscal 2025 third quarter ended May 31, 2025.

Financial Highlights 2
FY25 Q3FY24 Q3ChangeFY25 YTDFY24 YTDChange
Net Sales$971.1 $979.4 (0.8)%$2,791.3 $2,868.7 (2.7)%
Income from Operations $82.7 $106.8 (22.5)%$217.3 $299.5 (27.5)%
Operating Margin 8.5 %10.9 %7.8 %10.4 %
Net Income Attributable to MSC$56.8 $71.7 (20.7)%$142.8 $202.9 (29.6)%
Diluted EPS$1.02 
3
$1.27 
4
(19.7)%$2.55 
3
$3.59 
4
(29.0)%
Adjusted Financial Highlights 2
FY25 Q3FY24 Q3ChangeFY25 YTDFY24 YTDChange
Net Sales$971.1 $979.4 (0.8)%$2,791.3 $2,868.7 (2.7)%
Adjusted Income from Operations 1
$87.2 $111.5 (21.8)%$225.5 $313.0 (28.0)%
Adjusted Operating Margin 1
9.0 %11.4 %8.1 %10.9 %
Adjusted Net Income Attributable to MSC 1
$60.2 $75.2 (19.9)%$149.0 $213.2 (30.1)%
Adjusted Diluted EPS 1
$1.08 
3
$1.33 
4
(18.8)%$2.67 
3
$3.77 
4
(29.2)%

1 Represents a non-GAAP financial measure. An explanation and a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure are presented in the schedules accompanying this press release.
2 In millions except percentages and per share data or as otherwise noted.
3 Based on 55.8 million and 55.9 million weighted-average diluted shares outstanding for FY25 Q3 and FY25 YTD, respectively.
4 Based on 56.4 million and 56.5 million weighted-average diluted shares outstanding for FY24 Q3 and FY24 YTD, respectively.

Erik Gershwind, Chief Executive Officer, said, “We delivered fiscal third quarter results that were in line with our expectations for both average daily sales and operating margins. While we certainly have plenty of room for improvement, we saw early signs of progress in each of our three critical strategic areas of focus — reenergizing the core customer, maintaining momentum in high-touch solutions, and optimizing our cost to serve.”

Kristen Actis-Grande, Executive Vice President and Chief Financial Officer, added, “Average daily sales declined 0.8% year-over-year, slightly ahead of the midpoint of our outlook, driven by benefits from price and improving performance in volumes. During the fiscal third quarter, we leveraged our strong free cash flow performance and balance sheet to return approximately $56 million to shareholders in the form of dividends and share repurchases, resulting in approximately $181 million returned to shareholders fiscal year-to-date.”

Gershwind concluded, “The fiscal third quarter included encouraging data points, such as core customer sequential improvement, continued momentum in our high-touch solutions and a building productivity pipeline. Looking longer term, we remain steadfast in our commitment to restoring performance consistent with our long-term objectives of growing to 400 basis points or more above the IP Index and expanding operating margins to the mid-teens.”


MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2025 THIRD QUARTER RESULTS
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Fourth Quarter Fiscal 2025 Financial Outlook
ADS Growth (YoY)(0.5)% - 1.5%
Adjusted Operating Margin1
8.5% - 9.0%

Full-Year Fiscal 2025 Outlook for Certain Financial Metrics Maintained
•Depreciation and amortization expense of ~$90M-$95M
•Interest and other expense of ~$45M
•Capital expenditures of ~$100M-$110M
•Free cash flow conversion1 of ~120%
•Tax rate of ~24.5%-25.0%

1 Guidance provided is a non-GAAP figure presented on an adjusted basis. For further details see the Non-GAAP financial measures information presented in the schedules accompanying this press release.


Conference Call Information
MSC will host a conference call today at 8:30 a.m. EDT to review the Company’s fiscal 2025 third quarter results. The call, accompanying slides, and other operational statistics may be accessed at: https://investor.mscdirect.com. The conference call may also be accessed at 1-877-443-5575 (U.S.), 1-855-669-9657 (Canada) or 1-412-902-6618 (international).

An online archive of the broadcast will be available until July 15, 2025. The Company’s reporting date for its fiscal 2025 fourth quarter and full year results is scheduled for October 23, 2025.

Contact Information
Investors:Media:
Ryan Mills, CFA
Zivanai Mutize
Head of Investor RelationsHead of Corporate Communications
Rmills@mscdirect.comZivanai.mutize@mscdirect.com

About MSC Industrial Supply Co.
MSC Industrial Supply Co. (NYSE:MSM) is a leading North American distributor of a broad range of metalworking and maintenance, repair and operations (MRO) products and services. We help our customers drive greater productivity, profitability and growth with approximately 2.4 million products, inventory management and other supply chain solutions, and deep expertise from more than 80 years of working with customers across industries. Our experienced team of more than 7,000 associates works with our customers to help drive results for their businesses - from keeping operations running efficiently today to continuously rethinking, retooling and optimizing for a more productive tomorrow. For more information on MSC Industrial, please visit mscdirect.com.

Cautionary Note Regarding Forward-Looking Statements
Statements in this press release may constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of present or historical fact, that address activities, events or developments that MSC expects, believes or anticipates will or may occur in the future, including statements about results of operations and financial condition, expected future results, expected benefits from our investment and strategic plans and other initiatives, and expected future growth and profitability, are forward-looking statements. The words “will,” “may,” “believes,” “anticipates,” “thinks,” “expects,” “estimates,” “plans,” “intends” and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. In addition, statements which refer to expectations, projections or other characterizations of future events or circumstances, statements involving a discussion of strategy, plans or intentions, statements about management’s assumptions, projections or predictions of future events or market outlook and any other statement other than a statement of present or historical fact are forward-looking statements. The inclusion of any statement in this press release does not constitute an admission by MSC or any other person that the events or circumstances described in such statement are material. In addition, new risks may emerge from time to time and it is not possible for management to predict such risks or to assess the impact of such risks on our business or financial results. Accordingly, future results may differ materially from historical results or from those discussed or implied by these forward-looking statements. Given these risks and uncertainties, the reader should not place undue reliance on these forward-looking statements. These risks and uncertainties include, but are not limited to, the following: general economic conditions in the markets in which we operate; changing customer and product mixes; volatility in commodity, energy and labor prices, and the impact of prolonged periods of low, high or rapid inflation; competition, including the adoption by competitors of aggressive pricing strategies or sales methods; industry consolidation and other changes in the industrial distribution sector; the applicability of laws and regulations relating to our status as a supplier to the U.S. government and public sector; the credit risk of our customers; our ability to accurately forecast customer demands; interruptions in our ability to make deliveries to customers; supply chain disruptions; our ability to attract and retain sales and customer service personnel; the risk of loss of key suppliers or contractors or key brands; changes to trade policies or trade relationships, including tariff policies; risks associated with opening or expanding our customer fulfillment centers; our ability to estimate the cost of healthcare claims incurred under our self-insurance plan; interruption of operations at our headquarters or customer fulfillment centers; products liability due to the nature of the products that we sell; impairments of goodwill and other indefinite-lived intangible assets; the impact of climate change; operating and financial restrictions imposed by the terms of our material debt instruments; our ability to access additional liquidity; the significant influence that our principal shareholders will continue to have over our decisions; our ability to execute on our E-commerce strategies and

MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2025 THIRD QUARTER RESULTS
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maintain our digital platforms; costs associated with maintaining our information technology (“IT”) systems and complying with data privacy laws; disruptions or breaches of our IT systems or violations of data privacy laws, including such disruptions or breaches in connection with our E-commerce channels; risks related to online payment methods and other online transactions; our ability to remediate a material weakness in our internal control over financial reporting and to maintain effective internal control over financial reporting and our disclosure controls and procedures in the future; the retention of key management personnel; litigation risk due to the nature of our business; failure to comply with environmental, health, and safety laws and regulations; and our ability to comply with, and the costs associated with, social and environmental responsibility policies. Additional information concerning these and other risks is described under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual and Quarterly Reports on Forms 10-K and 10-Q, respectively, and in the other reports and documents that we file with the United States Securities and Exchange Commission. We expressly disclaim any obligation to update any of these forward-looking statements, except to the extent required by applicable law.



MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2025 THIRD QUARTER RESULTS
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MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Balance Sheets
(In thousands)
May 31,
2025		August 31,
2024
ASSETS(Unaudited)
Current Assets:
     Cash and cash equivalents $71,692 $29,588 
     Accounts receivable, net of allowance for credit losses 410,553 412,122 
     Inventories649,363 643,904 
     Prepaid expenses and other current assets 105,155 102,475 
          Total current assets1,236,763 1,188,089 
Property, plant and equipment, net343,996 360,255 
Goodwill723,457 723,894 
Identifiable intangibles, net89,443 101,147 
Operating lease assets54,312 58,649 
Other assets27,623 30,279 
          Total assets$2,475,594 $2,462,313 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Current portion of debt including obligations under finance leases$236,060 $229,911 
Current portion of operating lease liabilities22,691 21,941 
Accounts payable 212,968 205,933 
Accrued expenses and other current liabilities 172,546 147,642 
Total current liabilities 644,265 605,427 
Long-term debt including obligations under finance leases284,973 278,853 
Noncurrent operating lease liabilities32,242 37,468 
Deferred income taxes and tax uncertainties 138,549 139,283 
Total liabilities 1,100,029 1,061,031 
Commitments and Contingencies
Shareholders’ Equity:
     Preferred Stock— — 
     Class A Common Stock57 57 
     Additional paid-in capital1,083,175 1,070,269 
     Retained earnings423,532 456,850 
     Accumulated other comprehensive loss(21,669)(21,144)
     Class A treasury stock, at cost(118,006)(114,235)
          Total MSC Industrial shareholders’ equity 1,367,089 1,391,797 
     Noncontrolling interest8,476 9,485 
          Total shareholders’ equity1,375,565 1,401,282 
          Total liabilities and shareholders’ equity$2,475,594 $2,462,313 


MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2025 THIRD QUARTER RESULTS
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MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Statements of Income
(In thousands, except per share data)
(Unaudited)

Thirteen Weeks EndedThirty-Nine Weeks Ended
May 31,
2025		June 1,
2024		May 31,
2025		June 1,
2024
Net sales $971,145 $979,350 $2,791,346 $2,868,667 
Cost of goods sold 573,406 578,903 1,650,190 1,686,492 
  Gross profit397,739 400,447 1,141,156 1,182,175 
Operating expenses 312,324 288,991 917,465 870,859 
Restructuring and other costs 2,680 4,690 6,430 11,787 
  Income from operations82,735 106,766 217,261 299,529 
Other income (expense):
  Interest expense(6,031)(6,884)(18,332)(19,155)
  Interest income368 134 942 302 
  Other expense, net(1,958)(4,680)(12,442)(14,067)
Total other expense (7,621)(11,430)(29,832)(32,920)
  Income before provision for income taxes75,114 95,336 187,429 266,609 
Provision for income taxes 18,253 24,024 45,727 64,604 
  Net income56,861 71,312 141,702 202,005 
Less: Net income (loss) attributable to noncontrolling interest16 (393)(1,080)(897)
  Net income attributable to MSC Industrial$56,845 $71,705 $142,782 $202,902 
Per share data attributable to MSC Industrial:
     Net income per common share:
  Basic$1.02 $1.28 $2.56 $3.60 
  Diluted$1.02 $1.27 $2.55 $3.59 
     Weighted-average shares used in computing
    net income per common share:
  Basic55,69456,21455,79556,323
  Diluted55,76556,35155,89556,514





















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MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Statements of Comprehensive Income
(In thousands)
(Unaudited)

Thirteen Weeks EndedThirty-Nine Weeks Ended
May 31,
2025		June 1,
2024		May 31,
2025		June 1,
2024
Net income, as reported$56,861 $71,312 $141,702 $202,005 
Other comprehensive income, net of tax:
     Foreign currency translation adjustments6,208 (217)(454)244 
Comprehensive income 63,069 71,095 141,248 202,249 
Comprehensive income attributable to noncontrolling interest:
Net (income) loss(16)393 1,080 897 
     Foreign currency translation adjustments(362)4 (71)(72)
Comprehensive income attributable to MSC Industrial$62,691 $71,492 $142,257 $203,074 
















































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MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Statements of Cash Flows
(In thousands)(Unaudited)
Thirty-Nine Weeks Ended
May 31,
2025		June 1,
2024
Cash Flows from Operating Activities:
Net income $141,702 $202,005 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 67,501 60,288 
Amortization of cloud computing arrangements1,439 1,437 
Non-cash operating lease cost17,563 16,679 
Stock-based compensation 10,397 13,347 
Loss on disposal of property, plant and equipment575 363 
Loss on sale of property 1,167 — 
Non-cash changes in fair value of estimated contingent consideration293 661 
Provision for credit losses 5,699 5,180 
Expenditures for cloud computing arrangements (4,430)(17,161)
Deferred income taxes and tax uncertainties(726)(1,072)
Changes in operating assets and liabilities:
Accounts receivable (3,806)12,586 
Inventories (4,761)64,251 
Prepaid expenses and other current assets (2,335)4,488 
Operating lease liabilities(17,700)(16,974)
Other assets62 3,272 
Accounts payable and accrued liabilities40,821 (45,917)
Total adjustments 111,759 101,428 
Net cash provided by operating activities 253,461 303,433 
Cash Flows from Investing Activities:
Expenditures for property, plant and equipment (71,109)(73,354)
Cash used in acquisitions, net of cash acquired (790)(9,859)
Net proceeds from sale of property 30,336 — 
Net cash used in investing activities (41,563)(83,213)
Cash Flows from Financing Activities:
Repurchases of Class A Common Stock(39,138)(167,166)
Payments of regular cash dividends (142,252)(140,695)
Proceeds from sale of Class A Common Stock in connection with Associate Stock Purchase Plan 3,193 3,465 
Proceeds from exercise of Class A Common Stock options 120 8,833 
Borrowings under credit facilities239,250 359,000 
Payments under credit facilities(226,750)(309,000)
Contingent consideration paid (3,500)— 
Borrowings under financing obligations699 3,850 
Payments under Shelf Facility Agreements and Private Placement Debt— (50,000)
Proceeds from other long-term debt— 50,000 
Other, net(1,220)(2,762)
Net cash used in financing activities (169,598)(244,475)
Effect of foreign exchange rate changes on cash and cash equivalents (196)131 
Net increase (decrease) in cash and cash equivalents 42,104 (24,124)
Cash and cash equivalents—beginning of period 29,588 50,052 
Cash and cash equivalents—end of period $71,692 $25,928 
Supplemental Disclosure of Cash Flow Information:
Cash paid for income taxes $35,402 $66,071 
Cash paid for interest $18,036 $18,235 


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Non-GAAP Financial Measures

To supplement MSC’s unaudited selected financial data presented consistent with accounting principles generally accepted in the United States (“GAAP”), the Company discloses certain non-GAAP financial measures, including non-GAAP operating expenses, non-GAAP income from operations, non-GAAP operating margin, non-GAAP provision for income taxes, non-GAAP net income and non-GAAP diluted earnings per share, that exclude items such as restructuring and other costs, loss on sale of property, share reclassification litigation costs, share reclassification costs (prior year) and acquisition-related costs (prior year), and tax effects.

These non-GAAP financial measures are not presented in accordance with GAAP or alternatives for GAAP financial measures and may be different from similar non-GAAP financial measures used by other companies. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP financial measure and should only be used to evaluate MSC’s results of operations in conjunction with the corresponding GAAP financial measure.

This press release also includes certain forward-looking information that is not presented in accordance with GAAP. The Company believes that a quantitative reconciliation of such forward-looking information to the most directly comparable financial measures calculated and presented in accordance with GAAP cannot be made available without unreasonable efforts because a reconciliation of these non-GAAP financial measures would require the Company to predict the timing and likelihood of potential future events such as restructurings, M&A activity, capital expenditures and other infrequent or unusual gains and losses. Neither the timing or likelihood of these events, nor their probable significance, can be quantified with a reasonable degree of accuracy. Accordingly, a reconciliation of such forward-looking information to the most directly comparable GAAP financial measures is not provided.

•Results Excluding Restructuring and Other Costs, Loss on Sale of Property, Share Reclassification Litigation Costs, Share Reclassification Costs (prior year) and Acquisition-Related Costs (prior year)

In calculating certain non-GAAP financial measures, we exclude items such as restructuring and other costs, loss on sale of property, share reclassification litigation costs, share reclassification costs (prior year) and acquisition-related costs (prior year), and tax effects. Management makes these adjustments to facilitate a review of the Company’s operating performance on a comparable basis between periods, for comparing with forecasts and strategic plans, for identifying and analyzing trends in the Company’s underlying business and for benchmarking performance externally against competitors. We believe that investors benefit from seeing results from the perspective of management in addition to seeing results presented in accordance with GAAP for the same reasons and purposes for which management uses such non-GAAP financial measures.


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MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Thirteen weeks Ended May 31, 2025
(In thousands, except percentages and per share data)
GAAP Financial MeasureItems Affecting ComparabilityNon-GAAP Financial Measure
Total MSC IndustrialRestructuring and Other Costs Loss on Sale of PropertyShare Reclassification Litigation Costs Adjusted Total MSC Industrial
Net Sales $971,145 $— $— $— $971,145 
Cost of Goods Sold573,406 — — — 573,406 
Gross Profit397,739 — — — 397,739 
Gross Margin41.0 %— %— %— %41.0 %
Operating Expenses312,324 — 1,167 644 310,513 
Operating Expenses as % of Sales32.2 %— %(0.1)%(0.1)%32.0 %
Restructuring and Other Costs 2,680 2,680 — — — 
Income from Operations82,735 (2,680)(1,167)(644)87,226 
Operating Margin8.5 %0.3 %0.1 %0.1 %9.0 %
Total Other Expense(7,621)— — — (7,621)
Income before provision for income taxes75,114 (2,680)(1,167)(644)79,605 
Provision for income taxes18,253 (651)(284)(156)19,344 
Net income56,861 (2,029)(883)(488)60,261 
Net loss attributable to noncontrolling interest16 — — — 16 
Net income attributable to MSC Industrial$56,845 $(2,029)$(883)$(488)$60,245 
Net income per common share:
     Diluted$1.02 $(0.04)$(0.02)$(0.01)$1.08 

*Individual amounts may not agree to the total due to rounding.













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MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Thirty-Nine Weeks Ended May 31, 2025
(In thousands, except percentages and per share data)
GAAP Financial MeasureItems Affecting ComparabilityNon-GAAP Financial Measure
Total MSC IndustrialRestructuring and Other Costs Loss on Sale of PropertyShare Reclassification Litigation CostsAdjusted Total MSC Industrial
Net Sales $2,791,346 $— $— $— $2,791,346 
Cost of Goods Sold1,650,190 — — — 1,650,190 
Gross Profit1,141,156 — — — 1,141,156 
Gross Margin40.9 %— %— %— %40.9 %
Operating Expenses917,465 — 1,167 644 915,654 
Operating Expenses as % of Sales32.9 %— %0.0 %0.0 %32.8 %
Restructuring and Other Costs 6,430 6,430 — — — 
Income from Operations217,261 (6,430)(1,167)(644)225,502 
Operating Margin7.8 %0.2 %0.0 %0.0 %8.1 %
Total Other Expense(29,832)— — — (29,832)
Income before provision for income taxes187,429 (6,430)(1,167)(644)195,670 
Provision for income taxes45,727 (1,574)(285)(157)47,743 
Net income141,702 (4,856)(882)(487)147,927 
Net loss attributable to noncontrolling interest(1,080)— — — (1,080)
Net income attributable to MSC Industrial$142,782 $(4,856)$(882)$(487)$149,007 
Net income per common share:
     Diluted$2.55 $(0.09)$(0.02)$(0.01)$2.67 

*Individual amounts may not agree to the total due to rounding.






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MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Thirteen Weeks Ended June 1, 2024
(In thousands, except percentages and per share data)
GAAP Financial MeasureItems Affecting ComparabilityNon-GAAP Financial Measure
Total MSC IndustrialRestructuring and Other Costs Adjusted Total MSC Industrial
Net Sales $979,350 $— $979,350 
Cost of Goods Sold578,903 — 578,903 
Gross Profit400,447 — 400,447 
Gross Margin40.9 %— %40.9 %
Operating Expenses288,991 — 288,991 
Operating Expenses as % of Sales29.5 %— %29.5 %
Restructuring and Other Costs 4,690 4,690 — 
Income from Operations106,766 (4,690)111,456 
Operating Margin10.9 %0.5 %11.4 %
Total Other Expense(11,430)— (11,430)
Income before provision for income taxes95,336 (4,690)100,026 
Provision for income taxes24,024 (1,183)25,207 
     Net income71,312 (3,507)74,819 
     Net loss attributable to noncontrolling interest(393)— (393)
     Net income attributable to MSC Industrial$71,705 $(3,507)$75,212 
Net income per common share:
     Diluted$1.27 $(0.06)$1.33 

*Individual amounts may not agree to the total due to rounding.

















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MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Thirty-Nine Weeks Ended June 1, 2024
(In thousands, except percentages and per share data)
GAAP Financial MeasureItems Affecting ComparabilityNon-GAAP Financial Measure
Total MSC IndustrialRestructuring and Other Costs Acquisition-Related Costs Share Reclassification CostsAdjusted Total MSC Industrial
Net Sales $2,868,667 $— $— $— $2,868,667 
Cost of Goods Sold1,686,492 — — — 1,686,492 
Gross Profit1,182,175 — — — 1,182,175 
Gross Margin41.2 %— %— %— %41.2 %
Operating Expenses870,859 — 465 1,187 869,207 
Operating Expenses as % of Sales30.4 %— %0.0 %0.0 %30.3 %
Restructuring and Other Costs 11,787 11,787 — — — 
Income from Operations299,529 (11,787)(465)(1,187)312,968 
Operating Margin10.4 %0.4 %0.0 %0.0 %10.9 %
Total Other Expense(32,920)— — — (32,920)
Income before provision for income taxes266,609 (11,787)(465)(1,187)280,048 
Provision for income taxes64,604 (2,767)(113)(288)67,772 
     Net income202,005 (9,020)(352)(899)212,276 
     Net loss attributable to noncontrolling interest(897)— — — (897)
     Net income attributable to MSC Industrial$202,902 $(9,020)$(352)$(899)$213,173 
Net income per common share:
     Diluted$3.59 $(0.16)$(0.01)$(0.02)$3.77 

*Individual amounts may not agree to the total due to rounding.