Financial Performance - Net sales for FY25 Q1 decreased by 2.7% YoY to $928.5 million [2] - Income from operations declined by 28.8% YoY to $72.3 million, with an operating margin of 7.8% [2] - Net income attributable to MSC dropped by 32.8% YoY to $46.6 million, with diluted EPS at $0.83 [2] - Adjusted income from operations stood at $74.6 million, a 28.0% YoY decrease, with an adjusted operating margin of 8.0% [2] - Adjusted net income attributable to MSC was $48.4 million, down 31.8% YoY, with adjusted diluted EPS at $0.86 [2] Management Commentary - CEO Erik Gershwind highlighted solid performance in a challenging environment, with growth in the Public Sector and expansion of solutions footprint [4] - CFO Kristen Actis-Grande noted that adjusted operating margin exceeded expectations by approximately 50 basis points, driven by higher-than-expected revenue [4] - The company generated significant free cash flow, enabling shareholder returns through dividends and share repurchases [4] - Despite near-term soft macro conditions, the company remains bullish on long-term growth, supported by productivity initiatives and the Mission Critical strategy [4] Financial Outlook - For Q2 FY25, the company expects ADS growth to range between (5.0)% and (3.0)%, with adjusted operating margin projected at 6.5% to 7.5% [5] - Full-year FY25 outlook for certain financial metrics has been maintained, with guidance provided on a non-GAAP adjusted basis [6] Balance Sheet and Cash Flow - Cash and cash equivalents increased to $57.3 million as of November 30, 2024, up from $29.6 million at the end of the previous quarter [13] - Net cash provided by operating activities was $101.9 million, compared to $81.2 million in the prior year quarter [15] - Capital expenditures for the quarter were $20.2 million, slightly higher than the $18.4 million in the same period last year [15] Non-GAAP Financial Measures - The company uses non-GAAP financial measures to exclude restructuring and other costs, providing a clearer view of operating performance [17][20] - Adjusted financial measures for FY25 Q1 include adjusted income from operations of $74.6 million and adjusted net income of $48.4 million [2][21]

MSC Industrial Direct Co., Inc. MSM will release its first-quarter financial results, before the opening bell, on Wednesday, Jan. 8, 2025.Analysts expect the Melville, New York-based company to report quarterly earnings at 73 cents per share, down from $1.25 per share in the year-ago period. MSC Industrial Direct projects quarterly revenue of $904.59 million, compared to $953.97 million a year earlier, according to data from Benzinga Pro.On Dec. 18, MSC Industrial Supply announced that its board has declare ...

RYONCIL (remestemcel-L) is the first MSC product approved by FDA for any indication.RYONCIL is the first FDA-approved therapy for children aged 2 months and older, including adolescents and teenagers, with steroid-refractory acute graft versus host disease (SR-aGvHD), a life-threatening condition with high mortality rates.In a single-arm, multi-center, Phase 3 trial of children with SR-aGvHD, 89% of whom had high severity Grade C or Grade D disease, 70% achieved an overall response by Day 28 of treatment wi ...

MELVILLE, N.Y. and DAVIDSON, N.C., Dec. 13, 2024 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), a premier distributor of Metalworking and Maintenance, Repair and Operations (MRO) products and services to industrial customers throughout North America, today announced that the Company's conference call to review its fiscal year 2025 first quarter results, as well as its current operations, will be broadcast online live on Wednesday, January 8, 2025 at 8:30 a.m. Eastern Time.To access the earnings rele ...

Eni SpA (E) and MSC Group have signed a memorandum of understanding (MoU) to drive decarbonization and sustainable practices across their operations. The agreement, signed by Eni CEO Claudio Descalzi and MSC group president Diego Aponte, builds on their existing partnership and extends it to new sustainability initiatives.Under the MoU, Eni and MSC will explore the use of cleaner energy carriers for the latter’s logistics and cruise fleet. This includes leveraging LNG, HVO (Hydrotreated Vegetable Oil) and b ...

MELVILLE, N.Y. and DAVIDSON, N.C., Nov. 5, 2024 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), a leading North American distributor of a broad range of metalworking and maintenance, repair and operations ("MRO") products and services, today announced the following upcoming investor events: Baird 2024 Global Industrial Conference Stephens Annual Investment Conference When: November 12, 2024 November 20, 2024 Attendees: Erik Gershwind, Chief Executive Officer Martina McIsaac, President a ...

FISCAL 2024 Q4 HIGHLIGHTSNet sales of $952.3 million decreased 8.0% YoY and includes a roughly 300 basis point headwind from non-repeating Public Sector orders in the prior yearOperating income of $90.9 million, or $94.2 million adjusted to exclude acquisition-related and restructuring and other costs1Operating margin of 9.5%, or 9.9% excluding the adjustments described above1Diluted EPS of $0.99 vs. $1.56 in the prior fiscal year quarterAdjusted diluted EPS of $1.03 vs. $1.64 in the prior fiscal year quart ...

MSC Industrial Direct Company, Inc. (MSM) announced a 2% hike in the quarterly dividend payout. This is in sync with the company's ongoing commitment to deliver shareholder value and its trust in its financial robustness.Details of MSM’s Quarterly Dividend HikeMSC Industrial will pay the new quarterly dividend of 85 cents on Nov. 27, 2024, to shareholders of record as of Nov. 13, 2024. The raised dividend takes the company’s dividend yield from the current 4.00%  to 4.10%.MSC Industrial has a three-year div ...

MELVILLE, N.Y. and DAVIDSON, N.C., Oct. 10, 2024 /PRNewswire/ -- MSC Industrial Supply Co. (NYSE: MSM), a premier distributor of Metalworking and Maintenance, Repair and Operations (MRO) products and services to industrial customers throughout North America, today announced that its Board of Directors has declared a cash dividend of $0.85 per share, representing an increase from the previous regular quarterly dividend of $0.83 per share. The $0.85 dividend is payable on November 27, 2024 to shareholders of ...

Martina McIsaac to assume responsibility of MSC's day-to-day operationsErik Gershwind to sharpen focus on MSC's strategy, growth planning and organizational developmentMELVILLE, N.Y. and DAVIDSON, N.C., Sept. 24, 2024 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), a premier distributor of Metalworking and Maintenance, Repair and Operations supplies to industrial customers throughout North America, today announced the promotion of Martina McIsaac to President and Chief Operating Officer, effective Se ...