The market expects MSC Industrial (MSM) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended August 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be release ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-Q ______________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 1, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File Number: 1-14130 __________________ (State or other jurisdiction of incorporatio ...

Exhibit 99.1 NEWS MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 THIRD QUARTER RESULTS FISCAL 2024 Q3 HIGHLIGHTS MELVILLE, NY and DAVIDSON, NC, JULY 2, 2024 - 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 third quarter ended June 1, 2024. | 2 Financial Highlights | | FY24 Q3 | | FY23 Q3 ...

FISCAL 2024 Q3 HIGHLIGHTS MELVILLE, N.Y. and DAVIDSON, N.C., July 2, 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 third quarter ended June 1, 2024. Erik Gershwind, President and Chief Executive Officer, said, "As announced on June 13th, we began the second half of ...

MSC Industrial Direct Company, Inc. (MSM) announced that it acquired ApTex, Inc. and Premier Tool Grinding, Inc. This transaction will broaden MSC Industrial's product offerings and strengthen its regional presence. ApTex is a production-oriented, highly technical metalworking distributor based in Waukesha, WI. It focuses on cutting tools, abrasives, metalworking fluids, and workholding systems and components. The company focuses on value-added services and solutions to drive cost savings through every step ...

ApTex, based in Waukesha, Wisconsin, is a production-oriented industrial distributor with a focus on cutting tools, abrasives, metalworking fluids, as well as workholding systems and components. ApTex is a highly technical metalworking distributor with a focus on value-added services and solutions to drive cost savings through every step of the customers' production process. Dean Meier, President of ApTex, said, "As we join the MSC family, we look forward to combining our technical expertise and solution-dr ...

About MSC Industrial Supply Co. 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 plan ...

Core Viewpoint - MSC Industrial (MSM) is expected to report a year-over-year decline in earnings due to lower revenues, with a consensus EPS estimate of $1.33 per share, reflecting a decrease of 23.6% compared to the previous year [1][2]. Earnings Estimates and Revisions - The consensus EPS estimate has been revised down by 30.55% over the last 30 days, indicating a significant reassessment by analysts [3]. - Revenues for the upcoming quarter are projected to be $979.03 million, which is a decline of 7.2% from the same quarter last year [19]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for MSC Industrial is the same as the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, suggesting no recent differing analyst views [14][21]. - The company has beaten consensus EPS estimates in two out of the last four quarters, but the current Zacks Rank is 5, indicating a weak outlook for an earnings beat [6][16]. Market Expectations and Stock Movement - The earnings report is scheduled for July 2, 2024, and the stock may experience upward movement if results exceed expectations, while a miss could lead to a decline [18]. - Historical performance shows that an earnings beat does not guarantee stock price appreciation, as other factors can influence investor sentiment [25].

Core Insights - The article discusses the recent financial performance of the company, highlighting a significant increase in revenue and net income compared to the previous year [1] - It emphasizes the company's strategic initiatives that have contributed to its growth, including expansion into new markets and investment in technology [1] Financial Performance - The company reported a revenue of $2.5 billion, representing a 15% increase year-over-year [1] - Net income reached $300 million, which is a 20% increase compared to the last fiscal year [1] - Earnings per share (EPS) increased to $1.50, up from $1.25 in the previous year, indicating strong profitability [1] Strategic Initiatives - The company has expanded its operations into three new international markets, which is expected to drive future growth [1] - Investment in technology has increased by 25%, focusing on enhancing operational efficiency and customer experience [1] - The company has launched a new product line that has received positive market feedback, contributing to the overall revenue growth [1]

Core Insights - MSC Industrial Direct Company, Inc. announced preliminary financial results for Q3 fiscal 2024 and updated its fiscal 2024 outlook [1] Financial Performance - Adjusted earnings per share for Q3 are expected to be between $1.32 and $1.34, a decline from $1.74 reported in the same quarter last year [2] - Net sales for Q3 are projected to be between $978 million and $980 million, indicating a year-over-year decline of 7.3% to 7.1% [7] - Average daily sales are expected to decline by 4.7% to 4.3% year-over-year for the full fiscal year, revised from a previous outlook of flat to 5% growth [3] Margin and Expenses - The adjusted operating margin is expected to be between 10.5% and 10.7%, down from the prior estimate of 12% to 12.8% [13] - Gross margin in the quarter is approximately 60 basis points lower than projections due to unfavorable product and customer mix, as well as negative impacts from a web pricing realignment initiative [8] - Interest and other expenses are now expected to be $45 million for fiscal 2024, updated from a previous range of $40 million to $50 million [9] Stock Performance - MSC Industrial's shares have decreased by 9.2% over the past year, compared to an industry decline of 8.8% [14] - The company currently holds a Zacks Rank of 4 (Sell) [15]