MSC Industrial Direct Co Inc (MSM)

MSC Industrial shares drop after second-quarter results miss estimatesApril 1, 2026 9:34 AM
IH Market News
MSC Industrial Supply Co. (NYSE:MSM) reported fiscal second-quarter 2026 results on Wednesday that came in below analyst forecasts, sending the company’s stock lower in pre-market trading.Shares of the industrial distributor fell 4.36% before the opening bell following the release.The company posted adjusted earnings per share of $0.82, missing the consensus estimate of $0.84 by $0.02.Quarterly revenue totaled $917.8 million, also below expectations of $931.56 million, although it still marked a 2.9% year-over-year increase compared with $891.7 million in the same period last year. MSC reported an adjusted operating margin of 7.5%, which fell within its previously issued guidance and represented an improvement of 40 basis points from a year earlier.“I am encouraged by our performance which resulted in year-over-year operating margin expansion for the second consecutive quarter,” said Martina McIsaac, President and Chief Executive Officer. “While we have not yet seen volumes return to a positive trend, our Core Customer daily sales outperformed total company for the third consecutive quarter, and we expect our volume performance to improve throughout the remainder of the fiscal year.”On a GAAP basis, the company reported diluted earnings per share of $0.76, compared with $0.70 in the same quarter last year. Operating income reached $64.8 million, or $69.1 million on an adjusted basis, translating to an operating margin of 7.1%, or 7.5% adjusted.Looking ahead, MSC Industrial projected average daily sales growth of 5.0% to 7.0% for the third quarter of fiscal 2026, along with an adjusted operating margin between 9.7% and 10.3%, implying a midpoint of 10.0%.The company also reaffirmed its full-year fiscal 2026 outlook, which includes free cash flow conversion of about 90% and capital expenditures ranging from $100 million to $110 million.MSC Industrial stock price

Original: MSC Industrial shares drop after second-quarter results miss estimates

MSC Industrial Supply Co. Reports Fiscal 2026 Second Quarter ResultsApril 1, 2026 6:30 AM
ACCESS NewswireFISCAL 2026 Q2 HIGHLIGHTSNet sales of $917.8 million increased 2.9% YoYOperating income of $64.8 million, or $69.1 million on an adjusted basis1Operating margin of 7.1%, or 7.5% on an adjusted basis1Diluted EPS of $0.76 vs. $0.70 in the prior fiscal year quarterAdjusted diluted EPS of $0.82 vs. $0.72 in the prior fiscal year quarter1 MELVILLE, NY AND DAVIDSON, NC / ACCESS Newswire / April 1, 2026 / 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 2026 second quarter ended February 28, 2026.Financial Highlights 2 FY26 Q2 FY25 Q2 Change FY26 YTD FY25 YTD Change Net Sales $917.8 $891.7 2.9% $1,883.5 $1,820.2 3.5%Income from Operations $64.8 $62.2 4.1% $141.0 $134.5 4.8%Operating Margin 7.1% 7.0% 7.5% 7.4% Net Income Attributable to MSC $42.5 $39.3 8.1% $94.3 $85.9 9.7%Diluted EPS $0.763 $0.704 8.6% $1.693 $1.544 9.7% Adjusted Financial Highlights 2 FY26 Q2 FY25 Q2 Change FY26 YTD FY25 YTD Change Net Sales $917.8 $891.7 2.9% $1,883.5 $1,820.2 3.5%Adjusted Income from Operations 1 $69.1 $63.7 8.5% $150.3 $138.3 8.7%Adjusted Operating Margin 1 7.5% 7.1% 8.0% 7.6% Adjusted Net Income Attributable to MSC 1 $45.8 $40.4 13.4% $101.3 $88.8 14.1%Adjusted Diluted EPS 1 $0.823 $0.724 13.9% $1.813 $1.594 13.8%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 55.9 million weighted-average diluted shares outstanding for FY26 Q2 and FY26 YTD.
4 Based on 55.9 million and 56.0 million weighted-average diluted shares outstanding for FY25 Q2 and FY25 YTD, respectively.Martina McIsaac, President and Chief Executive Officer, said, "I am encouraged by our performance which resulted in year-over-year operating margin expansion for the second consecutive quarter. While we have not yet seen volumes return to a positive trend, our Core Customer daily sales outperformed total company for the third consecutive quarter, and we expect our volume performance to improve throughout the remainder of the fiscal year."Greg Clark, Vice President and Interim Chief Financial Officer, added, "Although sales fell short of expectations, I am encouraged by our operating margin, which improved 10 basis points compared to prior year, or 40 basis points on an adjusted basis to 7.5% and within the range of our outlook. This improvement was supported by gross margin expansion as well as actions that took structural costs out of the business and allowed us to achieve incremental margins of 10% or 21% on an adjusted basis this quarter."McIsaac concluded, "Looking ahead, I remain confident in MSC's ability to execute on our strategic priorities. As we exit the first half of the fiscal year, we expect sales growth and profitability to further strengthen as we leverage our work in sales optimization and productivity. This is reflected in the average daily sales growth of 6% and 10% adjusted operating margin at the midpoint of our outlook for the fiscal third quarter."Third Quarter Fiscal 2026 Financial OutlookADS Growth (YoY)5.0% - 7.0%Adjusted Operating Margin19.7% - 10.3%Full-Year Fiscal 2026 Outlook for Certain Financial Metrics MaintainedDepreciation and amortization expense of ~$95M-$100MInterest and other expense of ~$35MCapital expenditures of ~$100M-$110MFree cash flow conversion1 of ~90%Tax rate of ~24.5%-25.5%1 Guidance provided is a non-GAAP financial measure 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 InformationMSC will host a conference call today at 8:30 a.m. EDT to review the Company's fiscal 2026 second quarter results. To access the earnings release, webcast, presentation slides and operational statistics, please visit the Company's website at: http://investor.mscdirect.com. Alternatively, the conference call can be accessed by dialing 1-888-506-0062 (U.S.) or 1-973-528-0011 (international) and providing the access code 987025.An online archive of the broadcast will be available within one hour of the conclusion of the call and remain available until Wednesday, April 15, 2026. The Company's reporting date for its fiscal 2026 third quarter results is scheduled for July 1, 2026.Contact Information Investors:Media:Ryan Mills, CFALeah KelsoVP, Investor Relations & Business DevelopmentVP, Communications & Sales EnablementRmills@mscdirect.comLeah.Kelso@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, maintenance, repair and operations (MRO), and production fastener and hardware products and services. With approximately 2.5 million products, industry-leading inventory management and supply chain solutions, and more than 80 years of experience, we help customers improve productivity, profitability, and operational performance.Our team of over 7,000 associates partners closely with customers across industries to keep their operations running efficiently today while enabling them with insights and comprehensive solutions to continually rethink, retool, and optimize for a more productive tomorrow.For more information on MSC Industrial, please visit mscdirect.com.Cautionary Note Regarding Forward-Looking StatementsStatements 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 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; 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 DIRECT CO., INC.
Condensed Consolidated Balance Sheets
(In thousands) February 28,
2026 August 30,
2025 ASSETS (Unaudited) Current Assets: Cash and cash equivalents $46,192 $56,228 Accounts receivable, net of allowance for credit losses 373,553 423,306 Inventories 677,384 644,090 Prepaid expenses and other current assets 132,599 102,930 Total current assets 1,229,728 1,226,554 Property, plant and equipment, net 345,001 346,706 Goodwill 724,456 723,702 Identifiable intangibles, net 77,829 85,455 Operating lease assets 46,459 52,464 Other assets 27,344 27,183 Total assets $2,450,817 $2,462,064 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Current portion of debt including obligations under finance leases $317,233 $316,868 Current portion of operating lease liabilities 21,491 22,236 Accounts payable 222,143 225,150 Accrued expenses and other current liabilities 148,175 165,092 Total current liabilities 709,042 729,346 Long-term debt including obligations under finance leases 194,517 168,831 Noncurrent operating lease liabilities 25,491 30,872 Deferred income taxes and tax uncertainties 136,543 136,513 Total liabilities 1,065,593 1,065,562 Commitments and Contingencies Shareholders' Equity: Preferred Stock - - Class A Common Stock 57 57 Additional paid-in capital 1,102,284 1,093,630 Retained earnings 420,212 432,622 Accumulated other comprehensive loss (18,438) (20,736)Class A treasury stock, at cost (120,544) (117,363)Total MSC Industrial shareholders' equity 1,383,571 1,388,210 Noncontrolling interest 1,653 8,292 Total shareholders' equity 1,385,224 1,396,502 Total liabilities and shareholders' equity $2,450,817 $2,462,064 MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Statements of Income
(In thousands, except per share data)
(Unaudited) Thirteen Weeks Ended Twenty-Six Weeks Ended February 28,
2026 March 1,
2025 February 28,
2026 March 1,
2025 Net sales $917,774 $891,717 $1,883,458 $1,820,201 Cost of goods sold 540,186 526,487 1,113,193 1,076,784 Gross profit 377,588 365,230 770,265 743,417 Operating expenses 310,342 301,578 621,910 605,141 Restructuring and other costs 2,454 1,406 7,324 3,750 Income from operations 64,792 62,246 141,031 134,526 Other income (expense): Interest expense (5,587) (6,226) (11,003) (12,301)Interest income 130 233 405 574 Other expense, net (3,317) (4,540) (6,901) (10,484)Total other expense (8,774) (10,533) (17,499) (22,211)Income before provision for income taxes 56,018 51,713 123,532 112,315 Provision for income taxes 13,860 12,566 30,266 27,474 Net income 42,158 39,147 93,266 84,841 Less: Net loss attributable to noncontrolling interest (326) (167) (1,022) (1,096)Net income attributable to MSC Industrial $42,484 $39,314 $94,288 $85,937 Per share data attributable to MSC Industrial: Net income per common share: Basic $0.76 $0.70 $1.69 $1.54 Diluted $0.76 $0.70 $1.69 $1.54 Weighted-average shares used in computingnet income per common share: Basic 55,809 55,793 55,807 55,845 Diluted 55,900 55,851 55,938 55,960 MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Statements of Comprehensive Income
(In thousands)
(Unaudited) Thirteen Weeks Ended Twenty-Six Weeks Ended February 28,
2026 March 1,
2025 February 28,
2026 March 1,
2025 Net income, as reported $42,158 $39,147 $93,266 $84,841 Other comprehensive income, net of tax: Foreign currency translation adjustments 3,631 (2,596) 2,729 (6,662)Comprehensive income 45,789 36,551 95,995 78,179 Comprehensive income attributable to noncontrolling interest: Net loss 326 167 1,022 1,096 Foreign currency translation adjustments (323) 57 (431) 291 Comprehensive income attributable to MSC Industrial $45,792 $36,775 $96,586 $79,566 MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited) Twenty-Six Weeks Ended February 28,
2026 March 1,
2025 Cash Flows from Operating Activities: Net income $93,266 $84,841 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 50,407 44,671 Amortization of cloud computing arrangements 598 995 Non-cash operating lease cost 11,819 12,189 Stock-based compensation 9,328 7,192 Loss on disposal of property, plant and equipment 153 401 Property, plant and equipment asset impairment 1,890 - Non-cash changes in fair value of estimated contingent consideration - 269 Provision for credit losses 3,142 4,316 Expenditures for cloud computing arrangements (2,001) (1,080)Changes in operating assets and liabilities: Accounts receivable 47,798 10,514 Inventories (30,660) (3,695)Prepaid expenses and other current assets (28,110) (10,827)Operating lease liabilities (11,941) (12,304)Other assets 779 67 Accounts payable and accrued liabilities (22,659) 18,785 Total adjustments 30,543 71,493 Net cash provided by operating activities 123,809 156,334 Cash Flows from Investing Activities: Expenditures for property, plant and equipment (43,325) (49,957)Cash used in acquisitions, net of cash acquired (240) (790)Net proceeds from sale of property 1,057 - Net cash used in investing activities (42,508) (50,747)Cash Flows from Financing Activities: Repurchases of Class A Common Stock (13,723) (30,541)Payments of regular cash dividends (97,175) (94,933)Proceeds from sale of Class A Common Stock in connection with Associate Stock Purchase Plan 2,118 2,237 Proceeds from exercise of Class A Common Stock options - 120 Borrowings under credit facilities 218,000 197,000 Payments under credit facilities (193,000) (166,750)Purchase of noncontrolling interest (8,195) - Borrowings under financing obligations 1,134 699 Other, net (503) (922)Net cash used in financing activities (91,344) (93,090)Effect of foreign exchange rate changes on cash and cash equivalents 7 (809)Net (decrease) increase in cash and cash equivalents (10,036) 11,688 Cash and cash equivalents-beginning of period 56,228 29,588 Cash and cash equivalents-end of period $46,192 $41,276 Supplemental Disclosure of Cash Flow Information: Cash paid for income taxes $40,233 $31,101 Cash paid for interest $10,939 $12,250 Non-GAAP Financial MeasuresTo 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, property, plant and equipment asset impairment, and share reclassification litigation costs, 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, including adjusted operating margin and free cash flow conversion. 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, 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.Incremental Operating Margin and Adjusted Incremental Operating MarginThe Company defines Incremental Operating Margin as the change in year-over-year Income from Operations as a percentage of the change in year-over-year Net Sales and Adjusted Incremental Operating Margin as Incremental Operating Margin adjusted to exclude restructuring and other costs, property, plant and equipment asset impairment, and share reclassification litigation costs by excluding such items from Income from Operations. The Company's management believes that Incremental Operating Margin is useful because it shows the direction that operating profit margins are moving as a result of changes in net sales between periods, and that, by excluding the aforementioned items, Adjusted Incremental Operating Margin helps to more clearly show, on a comparable basis between periods, trends in the Company's underlying business and results of operations. The Company believes 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.Free Cash Flow ("FCF") and Free Cash Flow Conversion ("FCF Conversion")FCF is a non-GAAP financial measure. FCF is used in addition to and in conjunction with results presented in accordance with GAAP, and FCF should not be relied upon to the exclusion of GAAP financial measures. Management strongly encourages investors to review our financial statements and publicly-filed reports in their entirety and to not rely on any single financial measure. FCF, which we reconcile to "Net cash provided by operating activities," is cash flow from operations reduced by "Expenditures for property, plant and equipment". We believe that FCF, although similar to cash flow from operations, is a useful additional measure since capital expenditures are a necessary component of ongoing operations. Management also views FCF, as a measure of the Company's ability to reduce debt, add to cash balances, pay dividends, and repurchase stock. FCF has limitations due to the fact that it does not represent the residual cash flow available for discretionary expenditures. For example, FCF does not incorporate payments made on finance lease obligations or required debt service payments. In addition, different companies define FCF differently. Therefore, we believe it is important to view FCF as a complement to our entire consolidated statements of cash flows. FCF 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.Results Excluding Restructuring and Other Costs, Property, Plant and Equipment Asset Impairment, and Share Reclassification Litigation CostsIn calculating certain non-GAAP financial measures, we exclude items such as restructuring and other costs, property, plant and equipment asset impairment, and share reclassification litigation 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 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.MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Thirteen Weeks Ended February 28, 2026
(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 Property, Plant and Equipment Asset Impairment Adjusted Total MSC Industrial Net Sales $917,774 $- $- $917,774 Cost of Goods Sold 540,186 - - 540,186 Gross Profit 377,588 - - 377,588 Gross Margin 41.1% -% -% 41.1% Operating Expenses 310,342 - 1,890 308,452 Operating Expenses as % of Sales 33.8% -% (0.2)% 33.6% Restructuring and Other Costs 2,454 2,454 - - Income from Operations 64,792 (2,454) (1,890) 69,136 Operating Margin 7.1% 0.3% 0.2% 7.5%Incremental Margin 9.8% 4.0% 7.3% 21.0% Total Other Expense (8,774) - - (8,774) Income before provision for income taxes 56,018 (2,454) (1,890) 60,362 Provision for income taxes 13,860 (607) (467) 14,934 Net income 42,158 (1,847) (1,423) 45,428 Net loss attributable to noncontrolling interest (326) - - (326)Net income attributable to MSC Industrial $42,484 $(1,847) $(1,423) $45,754 Net income per common share: Diluted $0.76 $(0.03) $(0.03) $0.82 *Individual amounts may not agree to the total due to rounding.MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Twenty-Six Weeks Ended February 28, 2026
(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 Litigation Costs Property, Plant and Equipment Asset Impairment Adjusted Total MSC Industrial Net Sales $1,883,458 $- $- $- $1,883,458 Cost of Goods Sold 1,113,193 - - - 1,113,193 Gross Profit 770,265 - - - 770,265 Gross Margin 40.9% -% -% -% 40.9% Operating Expenses 621,910 - 51 1,890 619,969 Operating Expenses as % of Sales 33.0% -% 0.0% (0.1)% 32.9% Restructuring and Other Costs 7,324 7,324 - - - Income from Operations 141,031 (7,324) (51) (1,890) 150,296 Operating Margin 7.5% 0.4% 0.0% 0.1% 8.0%Incremental Margin 10.3% 5.6% 0.1% 3.0% 19.0% Total Other Expense (17,499) - - - (17,499) Income before provision for income taxes 123,532 (7,324) (51) (1,890) 132,797 Provision for income taxes 30,266 (1,794) (12) (463) 32,535 Net income 93,266 (5,530) (39) (1,427) 100,262 Net loss attributable to noncontrolling interest (1,022) - - - (1,022)Net income attributable to MSC Industrial $94,288 $(5,530) $(39) $(1,427) $101,284 Net income per common share: Diluted $1.69 $(0.10) $0.00 $(0.03) $1.81 *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 March 1, 2025
(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 Adjusted Total MSC Industrial Net Sales $891,717 $- $891,717 Cost of Goods Sold 526,487 - 526,487 Gross Profit 365,230 - 365,230 Gross Margin 41.0% -% 41.0% Operating Expenses 301,578 - 301,578 Operating Expenses as % of Sales 33.8% -% 33.8% Restructuring and Other Costs 1,406 1,406 - Income from Operations 62,246 (1,406) 63,652 Operating Margin 7.0% 0.2% 7.1% Total Other Expense (10,533) - (10,533) Income before provision for income taxes 51,713 (1,406) 53,119 Provision for income taxes 12,566 (337) 12,903 Net income 39,147 (1,069) 40,216 Net loss attributable to noncontrolling interest (167) - (167)Net income attributable to MSC Industrial $39,314 $(1,069) $40,383 Net income per common share: Diluted $0.70 $(0.02) $0.72 *Individual amounts may not agree to the total due to rounding.MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Twenty-Six Weeks Ended March 1, 2025
(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 Adjusted Total MSC Industrial Net Sales $1,820,201 $- $1,820,201 Cost of Goods Sold 1,076,784 - 1,076,784 Gross Profit 743,417 - 743,417 Gross Margin 40.8% -% 40.8% Operating Expenses 605,141 - 605,141 Operating Expenses as % of Sales 33.2% -% 33.2% Restructuring and Other Costs 3,750 3,750 - Income from Operations 134,526 (3,750) 138,276 Operating Margin 7.4% 0.2% 7.6% Total Other Expense (22,211) - (22,211) Income before provision for income taxes 112,315 (3,750) 116,065 Provision for income taxes 27,474 (892) 28,366 Net income 84,841 (2,858) 87,699 Net loss attributable to noncontrolling interest (1,096) - (1,096)Net income attributable to MSC Industrial $85,937 $(2,858) $88,795 Net income per common share: Diluted $1.54 $(0.05) $1.59 *Individual amounts may not agree to the total due to roundingSOURCE: MSC Industrial Direct Co.View the original press release on ACCESS NewswireOriginal: MSC Industrial Supply Co. Reports Fiscal 2026 Second Quarter Results

MSC Industrial Supply Co. Declares Regular Quarterly DividendMarch 19, 2026 5:15 PM
ACCESS NewswireMELVILLE, NY and DAVIDSON, NC / ACCESS Newswire / March 19, 2026 / 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 announced that its Board of Directors has declared a cash dividend of $0.87 per share. The $0.87 dividend is payable on April 22, 2026 to shareholders of record at the close of business on April 8, 2026. Contact Information Investors:Media:Ryan Mills, CFALeah KelsoVP, Investor Relations & Business DevelopmentVP, Communications & Sales EnablementRmills@mscdirect.comLeah.Kelso@mscdirect.comAbout MSC Industrial Supply Co.MSC Industrial Supply Co. (NYSE: MSM) is a leading North American distributor of a broad range of metalworking, maintenance, repair and operations (MRO), and production fastener and hardware products and services. With approximately 2.5 million products, industry-leading inventory management and supply chain solutions, and more than 80 years of experience, we help customers improve productivity, profitability, and operational performance.Our team of over 7,000 associates partners closely with customers across industries to keep their operations running efficiently today while enabling them with insights and comprehensive solutions to continually rethink, retool, and optimize for a more productive tomorrow.For more information on MSC Industrial, please visit mscdirect.com.Cautionary Note Regarding Forward-Looking StatementsStatements 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 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; 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.SOURCE: MSC Industrial Direct Co.View the original press release on ACCESS NewswireOriginal: MSC Industrial Supply Co. Declares Regular Quarterly Dividend

MSC Industrial Supply Co. to Webcast Review of Fiscal 2026 Second Quarter ResultsMarch 12, 2026 4:30 PM
ACCESS NewswireMELVILLE, NY AND DAVIDSON, NC / ACCESS Newswire / March 12, 2026 / MSC INDUSTRIAL SUPPLY CO. (NYSE:MSM) ("MSC," "MSC Industrial," the "Company," "we," "us," or "our"), a leading North American distributor of Metalworking and Maintenance, Repair and Operations (MRO) products and services, today announced that the Company's conference call to review its fiscal year 2026 second quarter results, as well as its current operations, will be broadcast online live on Wednesday, April 1, 2026 at 8:30 a.m. Eastern Time. To access the earnings release, webcast, presentation slides and operational statistics, please visit the Company's website at: http://investor.mscdirect.com. Alternatively, the conference call can be accessed by dialing 1-888-506-0062 (U.S.) or 1-973-528-0011 (international) and providing the access code 987025.An online archive of the broadcast will be available within one hour of the conclusion of the call and remain available until Wednesday, April 15, 2026.# # #Contact InformationInvestors:
Ryan Mills, CFA
VP, Investor Relations & Business Development
Rmills@mscdirect.comMedia:
Leah Kelso
VP, Communications & Sales Enablement
Leah.Kelso@mscdirect.comAbout MSC Industrial Supply Co. MSC Industrial Supply Co. (NYSE:MSM) is a leading North American distributor of a broad range of metalworking, maintenance, repair and operations (MRO), and production fastener and hardware products and services. With approximately 2.5 million products, industry-leading inventory management and supply chain solutions, and more than 80 years of experience, we help customers improve productivity, profitability, and operational performance.Our team of over 7,000 associates partners closely with customers across industries to keep their operations running efficiently today while enabling them with insights and comprehensive solutions to continually rethink, retool, and optimize for a more productive tomorrow.For more information on MSC Industrial, please visit mscdirect.com.SOURCE: MSC Industrial Direct Co.View the original press release on ACCESS NewswireOriginal: MSC Industrial Supply Co. to Webcast Review of Fiscal 2026 Second Quarter Results

MSC Industrial Supply Co. Elects Reuben Slone to Board of Directors as an Independent MemberMarch 2, 2026 4:15 PM
ACCESS NewswireMELVILLE, NY and DAVIDSON, NC / ACCESS Newswire / March 2, 2026 / 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 announced the addition of Reuben Slone to its Board of Directors. "We are excited to have Reuben join our Board of Directors," said Chairman of the Board, Mitchell Jacobson. "Reuben brings a deep understanding of supply chain excellence along with a strong track record unlocking operational improvements and creating value across various C-level roles at public companies. We look forward to the unique perspective he will bring to our Board and the positive impact that he will have on MSC's operations, customer service levels, and future financial performance."Prior to retirement, Slone served from 2018 to 2023 as the EVP, Supply Chain at Advance Auto Parts, Inc., a Fortune 500 retailer of aftermarket automotive parts across nearly 5,000 stores. Prior to that, Reuben served six years as the SVP, Supply Chain Management at Walgreens Boots Alliance Inc., a leading pharmacy retailer where he oversaw one of the world's largest supply chains and the integration of nearly 2,000 acquired Rite Aid stores and three distribution centers. Throughout his career, he held various senior leadership roles across several industries and is globally recognized as a supply chain expert.Slone graduated from the University of Michigan with a BS in Engineering. In addition, he currently sits on the board of American Tire Distributors, one of the largest private equity owned US tire distributors and has published several materials including his book "The New Supply Chain Agenda" in 2010.Contact Information Investors:Media:Ryan Mills, CFALeah KelsoVP, Investor Relations & Business DevelopmentVP, Communications & Sales EnablementRmills@mscdirect.comLeah.Kelso@mscdirect.comAbout MSC Industrial SupplyMSC Industrial Supply Co. (NYSE: MSM) is a leading North American distributor of a broad range of metalworking, maintenance, repair and operations (MRO), and production fastener and hardware products and services. With approximately 2.5 million products, industry-leading inventory management and supply chain solutions, and more than 80 years of experience, we help customers improve productivity, profitability, and operational performance.Our team of over 7,000 associates partners closely with customers across industries to keep their operations running efficiently today while enabling them with insights and comprehensive solutions to continually rethink, retool, and optimize for a more productive tomorrow.For more information on MSC Industrial, please visit mscdirect.com.SOURCE: MSC Industrial Supply Co.View the original press release on ACCESS NewswireOriginal: MSC Industrial Supply Co. Elects Reuben Slone to Board of Directors as an Independent Member

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Not much Margin Of Safety for MSC Industrial Direct going into earnings Wednesday...

Fair Value

~ Thursday! $MSM ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $MSM ~ Earnings expected on Thursday *
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*If the earnings date is in error please ignore error. I do my best.

MSC Industrial Direct Co., Inc. (MSC) is a direct marketers and distributors of a range of metalworking and maintenance, repair and operations (MRO) products to customers throughout the United States. During fiscal year ended August 28, 2010 (fiscal 2010), the Company operated in the United States, with customers in all 50 states, through a network of five customer fulfillment centers and 96 branch offices (). MSC’s customer fulfillment centers are located near Harrisburg, Pennsylvania; Atlanta, Georgia; Elkhart, Indiana; Reno, Nevada and Wednesbury, United Kingdom. The Company offers approximately 600,000 stock-keeping units through its master catalogs, weekly, monthly and quarterly specialty and promotional catalogs, brochures and the Internet, including its Websites, mscdirect.com, mscmetalworking.com and use-enco.com. In December 2010, the completed the acquisition of Rutland Tool & Supply Co. In July 2011, the Company acquired American Tool Supply, Inc.

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