MSC Industrial (MSM) Lowers '24 View Post Preliminary Q3 Results

MSC Industrial Direct Company, Inc. (MSM) announced preliminary financial results for the third quarter of fiscal 2024 (ended Jun 1, 2024). The company also updated its fiscal 2024 outlook. Adjusted earnings per share for the third fiscal quarter are expected to be $1.32-$1.34, which suggests a decline from the $1.74 per share reported in the year-ago quarter. It posted second-quarter fiscal 2024 adjusted earnings per share of $1.18. Backed by these factors, MSC Industrial lowered its 2024 outlook. The comp ...