Welcome to our dedicated page for MSC Industrial Direct Co. news (Ticker: MSM), a resource for investors and traders seeking the latest updates and insights on MSC Industrial Direct Co. stock.
MSC Industrial Direct Co., Inc. (NYSE: MSM) is a leading distributor of metalworking and maintenance, repair, and operations (MRO) products and services in North America. With over 80 years of industry experience and approximately 2.4 million products in its portfolio, MSC helps businesses achieve higher productivity, profitability, and growth. The company operates primarily in the United States but also has a presence in Canada, Mexico, and the United Kingdom. In fiscal 2023, MSC generated $4.0 billion in sales, with 95% of those sales from the U.S.
MSC's experienced team of over 7,000 associates is committed to delivering value through inventory management, supply chain solutions, and deep industry expertise. The company has 11 fulfillment centers and offers a wide range of solutions, including vending, in-plant services, and vendor-managed inventory, to meet the diverse needs of its customers.
MSC Industrial Direct recently completed several strategic initiatives aimed at enhancing corporate governance and operational excellence. Notably, the company eliminated its dual-class share structure, aligning its voting rights and financial interests with all shareholders and broadening its investor appeal. The company also reported strong financial performance, exceeding $4 billion in annual sales for the first time, thanks to robust execution of its Mission Critical growth initiatives.
MSC's acquisition of intellectual property assets from Schmitz Manufacturing Research & Technology LLC (SMRT) further strengthens its technological capabilities in the machining industry. This acquisition is expected to drive innovation, reduce manufacturing costs, and improve productivity for MSC's customers.
Despite facing macroeconomic challenges, MSC continues to outperform market indices by leveraging its strategic investments and strong market position. The company remains focused on diversifying its end markets, expanding its solutions business, and maintaining high standards of corporate governance, making it a reliable partner for industrial customers.
MSC Industrial Supply (NYSE: MSM) announced that Sara Dulski, General Manager of Metalworking, has been appointed to the Industry Supply Association (ISA) Board of Directors. At MSC, Dulski leads a portfolio of metalworking production tools and value-added services. ISA serves as the channel association for the industrial Maintenance, Repair, Operations and Production (MROP) industry, providing networking opportunities, education, strategies, and analytics to help companies maintain competitiveness.
Dulski will contribute to ISA's mission of empowering the industrial supply channel, bringing her leadership experience and forward-thinking approach to strengthen the organization's initiatives. ISA CEO Brendan Breen highlighted Dulski's background and innovation-driving capabilities as valuable assets for delivering meaningful value to ISA members.
MSC Industrial Supply (NYSE: MSM) reported its fiscal 2025 first quarter results, showing a 2.7% decrease in net sales to $928.5 million. The company experienced significant declines across key metrics, with operating income falling to $72.3 million (or $74.6 million adjusted) and operating margin at 7.8% (8.0% adjusted). Diluted EPS decreased 32% to $0.83 from $1.22 in the prior year.
Despite challenging market conditions, the company reported growth in the Public Sector and expanded its solutions footprint. Management provided Q2 FY2025 guidance projecting year-over-year ADS growth between -5.0% and -3.0%, with adjusted operating margin between 6.5% and 7.5%. The company maintains its focus on executing productivity initiatives and Mission Critical strategy while facing soft macro conditions.
MSC Industrial Supply Co. (NYSE: MSM), a leading distributor of Metalworking and Maintenance, Repair and Operations (MRO) products in North America, has announced its Board of Directors' declaration of a quarterly cash dividend of $0.85 per share. The dividend will be paid on January 29, 2025, to shareholders of record as of the close of business on January 15, 2025.
MSC Industrial Supply Co. (NYSE: MSM), a leading distributor of Metalworking and Maintenance, Repair and Operations (MRO) products and services, has announced a conference call to review its fiscal 2025 first quarter results. The webcast will take place on Wednesday, January 8, 2025, at 8:30 a.m. Eastern Time. Investors can access the earnings release, webcast, presentation slides, and operational statistics through the company's investor website. The conference call can also be accessed via phone. An online archive will be available within one hour after the call and remain accessible until January 22, 2025.
MSC Industrial Supply Co. (NYSE: MSM) has announced its participation in two upcoming investor conferences. The company will attend the Baird 2024 Global Industrial Conference on November 12, 2024, and the Stephens Annual Investment Conference on November 20, 2024.
Key executives participating include CEO Erik Gershwind, President and COO Martina McIsaac, CFO Kristen Actis-Grande, and Head of Investor Relations Ryan Mills. Fireside chats are scheduled for November 12 at 4:05 p.m. CST and November 20 at 11:00 a.m. CST. Both events will feature real-time audio webcasts accessible through MSC's investor relations website, with replays available after the sessions.
MSC Industrial Supply reported fiscal 2024 Q4 results with net sales of $952.3 million, down 8.0% YoY, and full-year sales of $3,821.0 million, down 4.7% YoY. Q4 operating income was $90.9 million with a 9.5% margin, while adjusted operating income was $94.2 million with a 9.9% margin. Q4 diluted EPS decreased to $0.99 from $1.56 in the prior year. The company generated strong operating cash flows of $410.7 million, representing 160% of net income. For Q1 FY2025, MSC projects year-over-year ADS growth between -5.5% and -4.5% with adjusted operating margin of 7.0-7.5%.
MSC Industrial Supply Co. (NYSE: MSM), a leading distributor of Metalworking and MRO products in North America, has announced an increase in its regular quarterly dividend. The company's Board of Directors has declared a cash dividend of $0.85 per share, up from the previous $0.83 per share. This new dividend will be payable on November 27, 2024 to shareholders of record at the close of business on November 13, 2024.
This increase in dividend demonstrates MSC Industrial Supply Co.'s commitment to delivering value to its shareholders and reflects confidence in the company's financial stability and future prospects.
MSC Industrial Supply Co. (NYSE: MSM) has announced the promotion of Martina McIsaac to President and Chief Operating Officer, effective September 23, 2024. Previously serving as Executive Vice President and COO, McIsaac will now oversee MSC's entire day-to-day operations, including Sales, Marketing, Solutions, Supply Chain, Category Management, Supplier Relations, Sustainability, and Information Technology.
CEO Erik Gershwind praised McIsaac's contributions, highlighting improvements in customer experience, service levels, fill rates, and strategic initiatives. This move aims to tighten connections between technology functions and business operations. Gershwind will focus more on long-term strategic direction, business development, and talent development.
McIsaac joined MSC in October 2022 after a successful tenure at Hilti , where she led the North America organization to significant market outperformance. Her background includes 14 years at Avery Dennison in various leadership roles across multiple countries.
MSC Industrial Supply Co. (NYSE: MSM), a leading distributor of Metalworking and Maintenance, Repair and Operations (MRO) products and services, has announced a webcast to review its fiscal year 2024 fourth quarter and full year results. The conference call is scheduled for Thursday, October 24, 2024 at 8:30 a.m. Eastern Time.
Investors and interested parties can access the earnings release, webcast, presentation slides, and operational statistics through the company's website at http://investor.mscdirect.com. Alternatively, participants can join the conference call by dialing 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 within one hour after the call concludes and will remain accessible until Thursday, November 7, 2024.
MSC Industrial Supply Co. (NYSE: MSM) will showcase its role as a leading metalworking partner at the International Manufacturing Technology Show (IMTS) in Chicago from September 9-14, 2024. The company's booth #432228 will demonstrate how MSC drives customer productivity and cost reduction through a three-pronged approach: metalworking experts, innovative services, and a vast supplier network.
Visitors can explore MSC's digital showroom, view a data ticker of customer cost reductions, and interact with metalworking experts. The company aims to highlight its ability to provide transformative improvements for manufacturing operations and financial outcomes across all stages of production.
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