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MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 FIRST QUARTER RESULTS

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MSC Industrial Supply Co. (NYSE: MSM) reported net sales of $954.0 million, a 0.4% decrease from the prior year's first quarter. Operating income was $101.6 million, with a 10.6% operating margin. Diluted EPS was $1.22, down 15.9% from the previous year. The company aims to maintain a 0%-5% ADS growth and 12.0%-12.8% adjusted operating margin for fiscal 2024.
Positive
  • Strong balance sheet metrics and ample cash and liquidity
  • Favorable cash generation from strong working capital management
  • 35% growth in the installed base of In-Plant programs
  • Double-digit growth in the installed base of vending units
  • High single-digit growth in other important areas such as the Public Sector
  • Continued productivity savings
Negative
  • Net sales decreased by 0.4% compared to the prior fiscal year quarter
  • Operating income decreased by 12.4% compared to the prior fiscal year quarter
  • Net income attributable to MSC decreased by 14.7% compared to the prior fiscal year quarter
  • Diluted EPS decreased by 15.9% compared to the prior fiscal year quarter
  • Market headwinds related to the UAW strike are expected to have an impact in the early second quarter of fiscal 2024

Insights

The reported net sales decline of 0.4% YoY, which is marginally better than the Industrial Production (IP) Index, indicates MSC Industrial's relative resilience in the face of a challenging market environment. However, the 12.4% decrease in operating income and a 14.7% drop in net income attributable to MSC are significant. The decline in diluted EPS from $1.45 to $1.22 suggests earnings pressure, which could potentially affect investor sentiment and the company's valuation.

Despite the softening demand, the company's gross margin performance and strong working capital management have led to favorable cash generation. This financial discipline is essential for navigating economic headwinds and maintaining liquidity. The completion of the share repurchase program indicates a commitment to shareholder value, which is a positive signal to the market.

The maintained outlook for fiscal 2024, with adjusted operating margin expectations between 12.0% and 12.8%, reflects management's confidence in their strategic initiatives. However, the anticipated market headwinds and the UAW strike's impact must be monitored closely, as they could affect future performance.

MSC Industrial's focus on expanding its installed base of In-Plant programs and vending units, coupled with growth in the Public Sector, showcases a strategic pivot towards areas with potential for higher margins and customer retention. The 35% growth in the installed base of In-Plant programs illustrates successful penetration of value-added services, which can differentiate MSC from competitors and foster customer loyalty.

Strategic investments to reaccelerate the core customer base indicate a targeted approach to growth, focusing on deepening relationships with existing customers. The emphasis on operational initiatives to drive productivity and expand margins is crucial in an environment where sales growth is challenging. These initiatives could improve operational efficiency and profitability over the long term.

The slight outperformance compared to the Industrial Production Index suggests MSC Industrial is navigating the macroeconomic environment adeptly. However, with a challenging economic landscape, characterized by softening demand and potential labor disruptions, such as the UAW strike, the company's performance may continue to be pressured.

The commitment to organic investment and strategic tuck-in acquisitions, despite the headwinds, indicates a long-term growth strategy that is not solely reliant on market conditions. The focus on operating cash flow conversion above 125% is a testament to the company's aim for efficient capital management, which is particularly important in a period of economic uncertainty.

FISCAL 2024 Q1 HIGHLIGHTS

  • Net sales of $954.0 million decreased 0.4% YoY, 10 basis points better than the Industrial Production (IP) Index
  • Operating income of $101.6 million, or $103.7 million adjusted to exclude share reclassification costs and restructuring and other costs1
  • Operating margin of 10.6%, or 10.9% excluding the adjustments described above1
  • Diluted EPS of $1.22 vs. $1.45 in the prior fiscal year quarter
  • Adjusted diluted EPS of $1.25 vs. $1.48 in the prior fiscal year quarter1

MELVILLE, N.Y. and DAVIDSON, N.C., Jan. 9, 2024 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), "MSC," "MSC Industrial" or the "Company," 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 2024 first quarter ended December 2, 2023.

Financial Highlights 2


FY24 Q1


FY23 Q1


Change

Net Sales


$  954.0


$   957.7


(0.4) %

Income from Operations


$  101.6


$   116.0


(12.4) %

Operating Margin


10.6 %


12.1 %



Net Income Attributable to MSC


$   69.4


$     81.3


(14.7) %

Diluted EPS


$   1.22

3

$     1.45

3

(15.9) %








Adjusted Financial Highlights 2


FY24 Q1


FY23 Q1


Change

Net Sales


$  954.0


$   957.7


(0.4) %

Adjusted Income from Operations 1


$  103.7


$   118.3


(12.3) %

Adjusted Operating Margin 1


10.9 %


12.3 %



Adjusted Net Income Attributable to MSC 1


$   70.9


$     83.0


(14.5) %

Adjusted Diluted EPS 1


$   1.25

3

$     1.48

3

(15.5) %


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 56.7 million and 56.1 million weighted average diluted shares outstanding for FY24 Q1 and FY23 Q1, respectively.

Erik Gershwind, President and Chief Executive Officer, said, "Our fiscal first quarter results reflect strong execution in a challenging environment. Our team remained focused on executing against the pillars of our updated strategy. This focus resulted in 35% growth in the installed base of In-Plant programs, double-digit growth in the installed base of vending units, high single-digit growth in other important areas such as the Public Sector, and continued productivity savings. Our team's ability to stay nimble and focus on profitable execution gives me confidence as we progress throughout fiscal 2024."

Kristen Actis-Grande, Executive Vice President and Chief Financial Officer, added, "Average daily sales declined 0.4% year-over-year, slightly better than the Industrial Production Index, as a result of softening demand through the quarter. Though sales fell short of our expectations, I am encouraged by our strong start in gross margin performance, which stems from the operating improvements we have implemented over the last few quarters. This performance, combined with strong working capital management, resulted in favorable cash generation that allowed us to complete the repurchase of the dilution from our share reclassification in the first quarter."

Gershwind concluded, "Looking ahead, despite a slower start to the fiscal year, I am encouraged as we continue building our market position, introducing strategic investments centered on reaccelerating our core customer base and implementing operational initiatives to drive productivity and expand margins. Together, this positions us to achieve our annual revenue growth and adjusted operating margin ranges in fiscal 2024."

Balance Sheet, Liquidity and Capital Allocation

a. Strong balance sheet metrics and ample cash and liquidity
b. Strong cash flow generation expected to continue in fiscal 2024
c. Completed repurchase of dilution related to share reclassification
d. Near-term priorities include organic investment, returns to shareholders and strategic tuck-in acquisitions

Fiscal 2024 Full Year Financial Outlook Maintained

ADS Growth (YoY)

0% - 5%

Adjusted Operating Margin1

12.0% - 12.8%

Depreciation and Amortization Expense

$85M - $95M

Interest and Other Expense

$40M - $50M

Operating Cash Flow Conversion2

>125%

Tax Rate

25.0% - 25.5%

  • Sales outlook assumes 160 basis point headwind from non-repeating Public Sector sales
  • Assumes market headwinds related to the UAW strike alleviate in early second quarter of fiscal 2024
  • Same number of selling days YoY

(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 of this press release.

(2) The Company defines Operating Cash Flow Conversion as Net cash provided by operating activities as a percentage of Net income. The Company's management uses Operating Cash Flow Conversion to evaluate the Company's operating performance, in particular how efficiently the Company turns its sales and profits into cash, and to assess the efficiency of the Company's use of working capital. The Company believes Operating Cash Flow Conversion is useful to investors for the foregoing reasons and as a measure of the rate at which the Company converts its net income reported in accordance with GAAP to cash inflows, which helps investors assess whether the Company is generating sufficient cash flow to provide an adequate return.

Conference Call Information
MSC will host a conference call today at 8:30 a.m. EST to review the Company's fiscal 2024 first 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 January 16, 2024. The Company's reporting date for its fiscal 2024 second quarter is scheduled for March 28, 2024.

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 we expect, believe or anticipate 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, profitability and return on invested capital, 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 and energy prices, the impact of prolonged periods of low, high or rapid inflation, and fluctuations in interest rates; competition, including the adoption by competitors of aggressive pricing strategies or sales methods; industry consolidation and other changes in the industrial distribution sector; our ability to realize the expected benefits from our investment and strategic plans; our ability to realize the expected cost savings and benefits from our restructuring activities and structural cost reductions; the retention of key management personnel; the credit risk of our customers; higher inflation and fluctuations in interest rates; the risk of customer cancellation or rescheduling of orders; difficulties in calibrating customer demand for our products, which could cause an inability to sell excess products ordered from manufacturers resulting in inventory write-downs or could conversely cause inventory shortages of such products; work stoppages, labor shortages or other disruptions, including those due to extreme weather conditions, at transportation centers, shipping ports, our headquarters or our customer fulfillment centers; disruptions or breaches of our information technology systems or violations of data privacy laws; our ability to attract, train and retain qualified sales and customer service personnel and metalworking and specialty sales specialists; the risk of loss of key suppliers or contractors or key brands or supply chain disruptions; changes to governmental trade or sanctions policies, including the impact from significant import restrictions or tariffs or moratoriums on economic activity with certain countries or regions; risks related to opening or expanding our customer fulfillment centers; our ability to estimate the cost of healthcare claims incurred under our self-insurance plan; litigation risk due to the nature of our business; risks associated with the integration of acquired businesses or other strategic transactions; financial restrictions on outstanding borrowings; our ability to maintain our credit facilities or incur additional borrowings on terms we deem attractive; the failure to comply with applicable environmental, health and safety laws and regulations and other laws applicable to our business; the outcome of government or regulatory proceedings; goodwill and other indefinite-lived intangible assets recorded as a result of our acquisitions could become impaired; our common stock price may be volatile due to factors outside of our control; the significant influence that our principal shareholders will continue to have over our decisions; and our ability to realize the desired benefits from the share reclassification. 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 DIRECT CO., INC.
Condensed Consolidated Balance Sheets
(In thousands, except share data)



December 2,
2023


September 2,
2023

ASSETS

(Unaudited)



Current Assets:




     Cash and cash equivalents

$                  25,805


$                  50,052

     Accounts receivable, net of allowance for credit losses

414,280


435,421

     Inventories

709,362


726,521

     Prepaid expenses and other current assets

121,519


105,519

          Total current assets

1,270,966


1,317,513

Property, plant and equipment, net

322,091


319,660

Goodwill

718,318


718,174

Identifiable intangibles, net

106,890


110,641

Operating lease assets

61,076


65,909

Other assets

14,383


12,237

          Total assets

$             2,493,724


$             2,544,134

LIABILITIES AND SHAREHOLDERS' EQUITY




Current Liabilities:




Current portion of debt including obligations under finance leases

$                244,048


$                229,935

Current portion of operating lease liabilities

20,694


21,168

Accounts payable

188,976


226,299

Accrued expenses and other current liabilities

174,140


172,034

Total current liabilities

627,858


649,436

Long-term debt including obligations under finance leases

294,430


224,391

Noncurrent operating lease liabilities

41,410


45,924

Deferred income taxes and tax uncertainties

131,801


131,801

Total liabilities

1,095,499


1,051,552

Commitments and Contingencies




Shareholders' Equity:




     Preferred Stock


     Class A Common Stock

58


48

     Class B Common Stock


9

     Additional paid-in capital

1,052,729


849,502

     Retained earnings

464,962


755,007

     Accumulated other comprehensive loss

(17,277)


(17,725)

     Class A treasury stock, at cost

(115,399)


(107,677)

          Total MSC Industrial shareholders' equity

1,385,073


1,479,164

     Noncontrolling interest

13,152


13,418

          Total shareholders' equity

1,398,225


1,492,582

          Total liabilities and shareholders' equity

$             2,493,724


$             2,544,134

 

MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Statements of Income
(In thousands, except per share data)
(Unaudited)



Thirteen Weeks Ended


December 2,
2023


December 3,
2022

Net sales

$        953,969


$        957,745

Cost of goods sold

560,852


559,946

  Gross profit

393,117


397,799

Operating expenses

290,633


279,695

Restructuring and other costs

916


2,094

  Income from operations

101,568


116,010

Other income (expense):




  Interest expense

(5,320)


(6,919)

  Interest income

125


100

  Other expense, net

(5,055)


(1,340)

Total other expense

(10,250)


(8,159)

  Income before provision for income taxes

91,318


107,851

Provision for income taxes

22,190


26,639

  Net income

69,128


81,212

Less: Net loss attributable to noncontrolling interest

(222)


(102)

  Net income attributable to MSC Industrial

$          69,350


$          81,314

Per share data attributable to MSC Industrial:




     Net income per common share:




  Basic

$               1.23


$               1.45

  Diluted

$               1.22


$               1.45

     Weighted average shares used in computing

     net income per common share:




  Basic

56,429


55,891

  Diluted

56,723


56,081

 

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



Thirteen Weeks Ended


December 2,
2023


December 3,
2022

Net income, as reported

$          69,128


$          81,212

Other comprehensive income, net of tax:




     Foreign currency translation adjustments

404


1,270

Comprehensive income

69,532


82,482

Comprehensive income attributable to noncontrolling interest:




     Net loss

222


102

     Foreign currency translation adjustments

44


(335)

Comprehensive income attributable to MSC Industrial

$          69,798


$          82,249

 

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



Thirteen Weeks Ended


December 2,
2023


December 3,
2022

Cash Flows from Operating Activities:




Net income

$          69,128


$          81,212

Adjustments to reconcile net income to net cash provided by operating activities:




Depreciation and amortization

19,782


18,566

Non-cash operating lease cost

5,559


4,872

Stock-based compensation

5,201


4,990

Loss on disposal of property, plant and equipment

98


229

Non-cash changes in fair value of estimated contingent consideration

220


Provision for credit losses

90


2,673

Changes in operating assets and liabilities:




Accounts receivable

21,170


56

Inventories

17,218


(9,516)

Prepaid expenses and other current assets

(16,036)


(22,764)

Operating lease liabilities

(5,717)


(4,843)

Other assets

(2,132)


(508)

Accounts payable and accrued liabilities

(33,413)


1,057

Total adjustments

12,040


(5,188)

Net cash provided by operating activities

81,168


76,024

Cash Flows from Investing Activities:




Expenditures for property, plant and equipment

(18,433)


(25,504)

Cash used in business acquisitions, net of cash acquired


(87)

Net cash used in investing activities

(18,433)


(25,591)

Cash Flows from Financing Activities:




Repurchases of Class A Common Stock

(132,045)


(18,539)

Payments of regular cash dividends

(47,192)


(44,207)

Proceeds from sale of Class A Common Stock in connection with Associate Stock Purchase Plan

1,144


1,056

Proceeds from exercise of Class A Common Stock options

6,852


8,336

Borrowings under credit facilities

148,000


84,000

Payments under credit facilities

(65,000)


(99,000)

Borrowings under financing obligations

1,624


1,061

Other, net

(574)


(657)

Net cash used in financing activities

(87,191)


(67,950)

Effect of foreign exchange rate changes on cash and cash equivalents

209


311

Net decrease in cash and cash equivalents

(24,247)


(17,206)

Cash and cash equivalents—beginning of period

50,052


43,537

Cash and cash equivalents—end of period

$          25,805


$          26,331





Supplemental Disclosure of Cash Flow Information:




Cash paid for income taxes

$             5,454


$             2,767

Cash paid for interest

$             4,882


$             5,441

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 gross profit, 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 acquisition-related costs (prior year), share reclassification costs and restructuring and other costs, and tax effects.

These non-GAAP financial measures are not presented in accordance with GAAP or an alternative 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 measures and should only be used to evaluate MSC's results of operations in conjunction with the corresponding GAAP financial measures.

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 measure 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 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 measure is not provided.

  • Results Excluding Acquisition-Related Costs (prior year), Share Reclassification Costs and Restructuring and Other Costs

In calculating non-GAAP financial measures, we exclude acquisition-related costs (prior year), share reclassification costs and restructuring and other costs, and tax effects. Management makes these adjustments to facilitate a review of the Company's operating performance on a comparable basis between periods, for comparison 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.

MSC INDUSTRIAL DIRECT CO., INC.

Reconciliation of GAAP and Non-GAAP Financial Information

Thirteen Weeks Ended December 2, 2023

(In thousands, except percentages and per share data)










GAAP
Financial
Measure


Items Affecting Comparability

Non-GAAP
Financial
Measure


Total MSC
Industrial


Restructuring
and Other Costs


Share
Reclassification
Costs


Adjusted Total
MSC
Industrial

Net Sales

$      953,969


$                   —


$                   —


$      953,969









Cost of Goods Sold

560,852




560,852









Gross Profit

393,117




393,117

Gross Margin

41.2 %


— %


— %


41.2 %









Operating Expenses

290,633



1,187


289,446

Operating Exp as % of Sales

30.5 %


— %


(0.1) %


30.3 %









Restructuring and Other Costs

916


916











Income from Operations

101,568


(916)


(1,187)


103,671

Operating Margin

10.6 %


0.1 %


0.1 %


10.9 %









Total Other Expense

(10,250)




(10,250)









Income before provision for income taxes

91,318


(916)


(1,187)


93,421









Provision for income taxes

22,190


(223)


(288)


22,701

Net income

69,128


(693)


(899)


70,720

Net loss attributable to noncontrolling interest

(222)




(222)

Net income attributable to MSC Industrial

$        69,350


$              (693)


$              (899)


$        70,942









Net income per common share:








     Diluted

$            1.22


$             (0.01)


$             (0.02)


$            1.25


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

 

MSC INDUSTRIAL DIRECT CO., INC.

Reconciliation of GAAP and Non-GAAP Financial Information

Thirteen Weeks Ended December 3, 2022

(In thousands, except percentages and per share data)










GAAP Financial
Measure


Items Affecting Comparability


Non-GAAP
Financial Measure


Total MSC
Industrial


Restructuring
and Other
Costs


Acquisition-
related Costs


Adjusted Total MSC
Industrial

Net Sales

$                 957,745


$                —


$                —


$                 957,745









Cost of Goods Sold

559,946




559,946









Gross Profit

397,799




397,799

Gross Margin

41.5 %


— %


— %


41.5 %









Operating Expenses

279,695



154


279,541

Operating Exp as % of Sales

29.2 %


— %


0.0 %


29.2 %









Restructuring and Other Costs

2,094


2,094











Income from Operations

116,010


(2,094)


(154)


118,258

Operating Margin

12.1 %


-0.2 %


0.0 %


12.3 %









Total Other Expense

(8,159)




(8,159)









Income before provision for income taxes

107,851


(2,094)


(154)


110,099









Provision for income taxes

26,639


(517)


(38)


27,194

     Net income

81,212


(1,577)


(116)


82,905

     Net income attributable to noncontrolling interest

(102)




(102)

     Net income attributable to MSC Industrial

$                   81,314


$        (1,577)


$            (116)


$                   83,007









Net income per common share:








     Diluted

$                       1.45


$           (0.03)


$             0.00


$                       1.48


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

 

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SOURCE MSC Industrial Supply Co.

FAQ

What were MSC Industrial Supply Co.'s net sales for fiscal 2024 Q1?

MSC Industrial Supply Co. reported net sales of $954.0 million for fiscal 2024 Q1.

What is the ticker symbol for MSC Industrial Supply Co.?

The ticker symbol for MSC Industrial Supply Co. is MSM.

What was the operating income for MSC Industrial Supply Co. in fiscal 2024 Q1?

The operating income for MSC Industrial Supply Co. in fiscal 2024 Q1 was $101.6 million.

What is the adjusted diluted EPS for MSC Industrial Supply Co. in fiscal 2024 Q1?

The adjusted diluted EPS for MSC Industrial Supply Co. in fiscal 2024 Q1 was $1.25.

What are MSC Industrial Supply Co.'s financial outlook for fiscal 2024?

MSC Industrial Supply Co. aims to maintain a 0%-5% ADS growth and 12.0%-12.8% adjusted operating margin for fiscal 2024.

MSC Industrial Direct Co., Inc.

NYSE:MSM

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MSM Stock Data

4.80B
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83.29%
4.98%
Industrial Distribution
Wholesale-industrial Machinery & Equipment
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United States of America
MELVILLE