Call Scheduled for 10:00 a.m. Eastern Time on Thursday, March 20, 2025HOUSTON, Feb. 20, 2025 /PRNewswire/ -- MSC Income Fund, Inc. (NYSE: MSIF) (the "Company") is pleased to announce that it will release its fourth quarter and full year 2024 results on Wednesday, March 19, 2025 after the financial markets close. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live via phone and over the Internet, on Thursday, March 20, 2025 at 10:00 a.m. Eastern time. In ...

Core Points - MSC Income Fund, Inc. successfully closed a public offering of 5,500,000 shares at a price of $15.53 per share, with total sales reaching 6,325,000 shares after the underwriters exercised their overallotment option [1][2] - The net proceeds from the offering amount to approximately $91 million, which will primarily be used to repay outstanding debt and for general corporate purposes [2][4] Company Overview - MSC Income is a business development company that provides debt capital to private companies, particularly those owned by private equity funds, focusing on leveraged buyouts, recapitalizations, and growth financings [4] - The company invests in secured debt and maintains a portfolio of long-term debt and equity investments in lower middle market companies, typically with annual revenues between $10 million and $500 million [4] Management and Advisory - MSC Adviser I, LLC, a wholly owned subsidiary of Main Street, serves as the investment adviser for MSC Income, managing investments for external parties [5]

Public Offering Details - MSC Income Fund Inc priced its public offering of 5,500,000 shares of common stock at $15.53 per share [1] - The shares are expected to begin trading on the New York Stock Exchange under the symbol "MSIF" on January 29, 2025 [1] - The underwriters have an option to purchase up to an additional 825,000 shares to cover overallotments [1] - The closing of the offering is subject to customary closing conditions, with shares expected to be delivered on or about January 30, 2025 [1] Use of Proceeds - The company intends to use the net proceeds to repay outstanding debt under its credit facilities [2] - After repayment, the company plans to re-borrow under the credit facilities to make investments in accordance with its investment objective and strategies, pay operating expenses, and for general corporate purposes [2] Underwriters and Managers - RBC Capital Markets, Truist Securities, Raymond James, UBS Investment Bank, and Keefe, Bruyette & Woods are acting as joint book-running managers for the offering [3] - B Riley Securities, Citizens JMP, Sanders Morris, Clear Street, Comerica Securities, Texas Capital Securities, and Zions Capital Markets are acting as co-managers for the offering [3] Registration and Prospectus - A registration statement relating to these securities was filed with the SEC and declared effective on January 28, 2025 [4] - The preliminary prospectus dated January 21, 2025, contains information about the company and should be read carefully before investing [5] Company Overview - MSC Income Fund Inc is a principal investment firm that primarily provides debt capital to private companies owned by or in the process of being acquired by a private equity fund [8] - The company also provides customized long-term debt and equity capital solutions to lower middle market companies [8] - Portfolio investments typically support leveraged buyouts, recapitalizations, growth financings, refinancings, and acquisitions across diverse industry sectors [8] - The company seeks to partner with private equity fund sponsors and primarily invests in secured debt investments within its private loan investment strategy [8] - Private loan portfolio companies generally have annual revenues between $25 million and $500 million, while lower middle market portfolio companies have annual revenues between $10 million and $150 million [8] Investment Adviser - MSC Adviser I LLC is a wholly owned subsidiary of Main Street Capital Corporation (NYSE: MAIN) and is registered as an investment adviser under the Investment Advisers Act of 1940 [9] - MSC Adviser I LLC currently manages investments for external parties, including MSC Income Fund Inc [9]

Company Announcement - Sara Dulski, General Manager of Metalworking at MSC Industrial Supply Co, has been appointed to the Industry Supply Association (ISA) Board of Directors [1] - Sara leads a portfolio including metalworking production tools and innovative value-added services at MSC [2] - Sara expressed enthusiasm about collaborating with the ISA Board to strengthen the industrial supply channel [4] Industry Association - ISA is the channel association for the industrial Maintenance, Repair, Operations and Production (MROP) industry [3] - ISA connects partners within the industrial supply channel and provides networking, education, strategies, analytics, and tools [3] - ISA members include industrial manufacturers [3] Company Overview - MSC Industrial Supply Co is a leading North American distributor of metalworking and MRO products and services [7] - The company offers approximately 2.4 million products, inventory management, and supply chain solutions [7] - MSC has over 7,000 associates and more than 80 years of industry experience [7] Leadership Perspective - Brendan Breen, ISA CEO, highlighted Sara's background and passion for driving innovation in the industrial space [4] - Sara's leadership at MSC and understanding of industry challenges will help ISA deliver value to its members [4]

HOUSTON, Jan. 21, 2025 /PRNewswire/ -- MSC Income Fund, Inc. ("MSC Income" or the "Company"), an externally managed business development company, today announced that it has commenced a public offering of 4,850,000 shares of its common stock. The public offering price per share of the common stock is expected to be $15.53. MSC Income is expected to list its common stock on the New York Stock Exchange under the symbol "MSIF." MSC Income expects to grant the underwriters an option to purchase up to an additio ...

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 ...