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]

Gershwind continued, "We are taking decisive actions in response to these results. We are maintaining focus on the areas of the business that are delivering, such as In Plant, Vending and other high touch solutions, making changes to accelerate Core Customer growth initiatives, especially the website rollout, and have taken corrective actions on the web price realignment to improve gross margin trends. We are determined to execute the next chapter of our Mission Critical journey and achieve our long-term go ...

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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended March 2, 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 __________________ MSC INDUSTRIAL DIRECT CO., INC. (Exact name ...

Financial Data and Key Metrics - Fiscal second quarter sales declined 2.7% year-over-year to $935 million [8] - Reported operating margin for the quarter was 9.7%, down from 11.9% in the prior year [10] - Adjusted operating margin was 10.5%, a decline of 170 basis points compared to the prior year [10] - Inventory reductions of $25 million were achieved during the quarter while maintaining high customer service levels [7] - Free cash flow generation was approximately $53 million in fiscal 2Q and $116 million fiscal year-to-date [11] Business Line Data and Key Metrics - Implant programs grew by 39% and vending installed base by 11% compared to the prior year [24] - Customers with solutions represent nearly 60% of revenues [6] - Vending average daily sales improved 6% year-over-year, representing 17% of total company net sales [113] - Implant program sales grew approximately 10% year-over-year, representing 16% of total company net sales [113] Market Data and Key Metrics - Public sector sales had slight year-over-year growth of 0.6%, driven by mid-single-digit growth from federal customers [29] - Core and other customers' average daily sales declined 5.7% during the quarter [29] - Acute demand softness was experienced in heavy manufacturing verticals, including end markets and tiered suppliers supporting the earlier stages of production and automotive [29] Company Strategy and Industry Competition - The company is focusing on reenergizing its core customer base and improving inventory management [4][5] - Automation investments in facilities like Elkhart, Indiana, and Harrisburg, Pennsylvania, are enabling operational efficiency [6] - The company is prioritizing improvements to its e-commerce platform to enhance the customer experience [25] - A new shared services center in Carretero, Mexico, has been opened to reduce labor costs while maintaining talent [27] Management Commentary on Operating Environment and Future Outlook - Management remains confident in the company's ability to improve revenue trends during the back half of the fiscal year and into fiscal 2025 [23] - The company expects price cost to be more favorable in the second half of the year [18] - Management is encouraged by early signs of improvement in core customer performance in March [35] - The company expects to achieve mid-teens adjusted operating margins under its new set of mission-critical objectives [26] Other Important Information - The company recorded roughly $6 million in restructuring expense primarily related to voluntary separation [30] - Capital expenditures during the quarter increased by approximately $10 million year-over-year to $25 million, driven by investments in digital and solutions growth [11] - The company repurchased $16 million of shares in the second quarter [101] Q&A Session Summary Question: What is the underlying assumption for second half IP growth? - The company expects steady improvement in IP, particularly in machinery and equipment and fabricated metals [54][55] Question: How is the company managing OpEx in the second half? - The company is focusing on productivity improvements and leveraging fixed costs on higher volumes to drive profitability [70] Question: What are the drivers of the expected revenue progression in the second half? - The company expects improvements from solutions, demand generation efforts, and public sector budget easing [67][68] Question: How is the company handling supply chain friction? - The impact of supply chain disruptions, including the Baltimore bridge incident, is projected to be modest [133] Question: What is the status of the digital revamp and product discovery platform? - The company is slightly delayed in rolling out search changes, with improvements expected over the next quarter and into Q4 [134]

Exhibit 99.1 NEWS MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 SECOND QUARTER RESULTS FISCAL 2024 Q2 HIGHLIGHTS MELVILLE, NY and DAVIDSON, NC, MARCH 28, 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 second quarter ended March 2, 2024. | 2 Financial Highlights | | FY24 Q2 | | FY ...

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 December 2, 2023 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 __________________ MSC INDUSTRIAL DIRECT CO., INC. (Exact n ...

Financial Data and Key Metrics Changes - Fiscal Q1 2024 sales were $954 million, a decline of 0.4% year-over-year with the same number of business days in both periods [33] - Reported operating margin was 10.6%, down from 12.1% in the prior year, while adjusted operating margin was 10.9%, a decline of 140 basis points year-over-year [38][45] - Gross margin for the quarter was 41.2%, a decrease of 30 basis points year-over-year, but better than expected [41][45] Business Line Data and Key Metrics Changes - Public sector sales grew by 9%, while sales to national account customers improved by 4%, but core and other customers declined approximately 5% year-over-year [34] - Sales through the implant program grew by 10%, representing 15% of total sales, with record signings achieved [35] - Vending signings growth exceeded 25%, and the installed base grew by 10% year-over-year [22] Market Data and Key Metrics Changes - Demand softness was attributed to high interest rates, UAW strikes, and inventory burn down, leading to a decline in sales growth [9][11] - The outlook for calendar 2024 appears more encouraging, with expectations of stable or lower interest rates boosting customer confidence in capital spending [13][14] Company Strategy and Development Direction - The company is focused on maintaining momentum in existing growth drivers, adding new elements to its growth formula, and improving profitability through productivity initiatives [19][29] - Strategic investments include web pricing realignment and new product discovery functionality, expected to yield benefits in the second half of the fiscal year [25][27] Management's Comments on Operating Environment and Future Outlook - Management noted a challenging environment with soft demand but expressed confidence in a rebound as macroeconomic conditions improve [8][58] - The company anticipates a more positive view for the back half of fiscal 2024 and into fiscal 2025, driven by stable interest rates and improving end-user demand [13][14] Other Important Information - The company maintained a healthy balance sheet with net debt of approximately $513 million, representing 0.94 times EBITDA [46] - Free cash flow generation was approximately $63 million, compared to $51 million in the prior year [47] Q&A Session Summary Question: Insights on the demand environment and macroeconomic conditions - Management indicated that high interest rates and inventory burn down affected demand, but confidence is building among customers as interest rates stabilize [66][70] Question: Clarification on gross margins and expectations for the second quarter - Management confirmed that Q1 gross margin was better than expected, with Q2 expected to be similar, and potential upside in the second half of the year [74][76] Question: Impact of UAW on average daily sales (ADS) and normalization expectations - The UAW impact was estimated at the high end of low-single digits, with expectations for improvement in Q2 as inventory levels normalize [83][87] Question: Web pricing realignment program and its expected impact - The company is 30% through the web pricing realignment, with confidence in its execution and expected benefits as the program rolls out [131]