MELVILLE, N.Y. and DAVIDSON, N.C., Sept. 6, 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 will emphasize the company's role as manufacturing's metalworking partner from every angle in booth #432228 at the International Manufacturing Technology Show (IMTS) in Chicago, Illinois, September 9-14, 2024. Attendees at IMTS will learn from the company's immersive boot ...

MELVILLE, N.Y. and DAVIDSON, N.C., Aug. 27, 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 addition of Rob Aarnes to its Board of Directors.Rob Aarnes"We are thrilled to have Rob join our Board of Directors," said Chairman of the Board, Mitchell Jacobson. "The addition of an independent member to our board strengthens MSC's corporate governa ...

Core Viewpoint - MSC Income Fund, Inc. has filed a Preliminary Proxy Statement with the SEC to facilitate a potential listing of its common stock on a national securities exchange, which may include a follow-on public offering depending on market conditions [1][2] Group 1: Proposed Changes and Benefits - The Special Proxy Statement outlines proposals aimed at transitioning the Company's investment strategy to focus solely on Private Loan investments, which is expected to enhance long-term growth and provide attractive recurring dividend income to shareholders [2][4] - A listing is anticipated to offer significant growth opportunities through access to additional capital from public markets and provide liquidity options for existing shareholders [2][3] - The Company plans to amend its investment advisory agreement with MSC Adviser to align with the new investment strategy, which has already received board approval but requires shareholder consent [4] Group 2: Financial Implications - A successful listing could allow the Company to reduce its minimum asset coverage ratio from 200% to 150%, subject to future approvals, thereby optimizing its leverage profile and enhancing shareholder returns [3] - The transition to a Private Loan investment strategy is expected to strengthen the Company's ability to deliver attractive total shareholder returns [2] Group 3: Company Overview - MSC Income Fund primarily provides debt capital to middle market companies, with lower middle market portfolio companies typically generating annual revenues between $10 million and $150 million [6] - MSC Adviser I, LLC, a subsidiary of Main Street Capital Corporation, serves as the investment adviser for the Company [7]

Core Insights - MSC Industrial Supply Co. has been certified by Great Place To Work®, reflecting its commitment to being an employer-of-choice, with 77% of associates stating it is a great place to work, which is 20 points higher than the average U.S. company [1][2] - The certification is based on real-time feedback from associates regarding their workplace experience, emphasizing the importance of a high-trust workplace culture [4] - MSC Industrial Supply Co. is a leading distributor of metalworking and maintenance, repair, and operations (MRO) products, with over 2.4 million products and a workforce of more than 7,000 associates [3] Company Overview - MSC Industrial Supply Co. operates as a premier distributor in North America, focusing on metalworking and MRO supplies, helping customers enhance productivity and profitability [3] - The company has over 80 years of experience in the industry, providing inventory management and supply chain solutions [3] Certification Significance - Great Place To Work® Certification™ is recognized globally and is based solely on employee feedback, making it a definitive measure of workplace culture [4][5] - More than 10,000 companies across 60 countries apply for this certification annually, highlighting its competitive nature [4]

FISCAL 2024 Q3 HIGHLIGHTSNet sales of $979.4 million decreased 7.1% YoY and includes a roughly 300 basis point headwind from non-repeating Public Sector orders in the prior yearOperating income of $106.8 million, or $111.5 million adjusted to exclude restructuring and other costs1Operating margin of 10.9%, or 11.4% excluding the adjustments described above1Diluted EPS of $1.27 vs. $1.69 in the prior fiscal year quarterAdjusted diluted EPS of $1.33 vs. $1.74 in the prior fiscal year quarter1MELVILLE, N.Y. an ...

MELVILLE, N.Y. and DAVIDSON, N.C., June 25, 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 that it has acquired ApTex, Inc. and Premier Tool Grinding, Inc.Under the purchase agreements, both companies will continue to operate under their current names as MSC companies. Combined, the two companies had estimated revenues of slightly over $20 milli ...

MELVILLE, N.Y. and DAVIDSON, N.C., June 25, 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 $0.83 per share. The $0.83 dividend is payable on July 23, 2024 to shareholders of record at the close of business on July 9, 2024. The ex-dividend date is July 9, 2024.About MS ...

MELVILLE, N.Y. and DAVIDSON, N.C., June 17, 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 2024 third quarter results, as well as its current operations, will be broadcast live over the Internet Tuesday, July 2, 2024 at 8:30 a.m. Eastern Time.To access the earnings r ...

Petrovich9June 14th ended up being a really bad day for shareholders of MSC Industrial Direct Co (NYSE:MSM). For those not familiar with the company, it operates as a supplier of metalworking, maintenance, repair, and operations, products and services throughout North America. Shares of the business plunged, closing down 10.4% for the day. This was in response to management announcing preliminary results covering the third quarter of the company's 2024 fiscal year. In addition to revenue coming in lower ...

Loading...Loading...U.S. stock futures were lower this morning, with the Dow futures falling around 250 points on Friday.Shares of RH RH fell sharply in today's pre-market trading after the company reported mixed first-quarter financial results.RH reported quarterly losses of 40 cents per share which missed the analyst consensus estimate of losses of 12 cents per share. Quarterly sales came in at $726.96 million which beat the analyst consensus estimate of $724.7 million, according to data from Benzinga Pro ...