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MSC Industrial (MSM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MSM's latest dividend hike takes its dividend yield from 4.00% to 4.10%.
MELVILLE, N.Y. and DAVIDSON, N.C.
MELVILLE, N.Y. and DAVIDSON, N.C.
Great Place to Work Certification™ reflects MSC's commitment to being an employer-of-choice. MELVILLE, N.Y.
MSC Industrial (MSM) reports year-over-year declines in the top and the bottom line in third-quarter fiscal 2024 due to the ongoing weakness in the manufacturing sector.
MSC Industrial Direct Co Inc (NYSE:MSM ) Q3 Fiscal 2024 Earnings Conference Call July 2, 2024 8:30 AM ET Company Participants Ryan Mills - Head of Investor Relations Erik Gershwind - President and Chief Executive Officer Kristen Actis-Grande - Executive Vice President and Chief Financial Officer Conference Call Participants Tommy Moll - Stephens Inc David Manthey - Baird Kenneth Newman - KeyBanc Capital Markets Christopher Dankert - Loop Capital Ryan Merkel - William Blair Chirag Patel - Jefferies Patrick Baumann - JPMorgan Operator Good morning and welcome to the MSC Third Quarter Fiscal 2024 Earnings Call. All participants will be in listen-only mode.
FISCAL 2024 Q3 HIGHLIGHTS Net 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 year Operating income of $106.8 million, or $111.5 million adjusted to exclude restructuring and other costs1 Operating margin of 10.9%, or 11.4% excluding the adjustments described above1 Diluted EPS of $1.27 vs. $1.69 in the prior fiscal year quarter Adjusted diluted EPS of $1.33 vs.
MSC Industrial (MSM) buys ApTex and Premier Tool Grinding to expand its footprint and product offerings.
MELVILLE, N.Y. and DAVIDSON, N.C.