MSC Industrial Direct Co., Inc., together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products in the United States, Canada, Mexico, and the United Kingdom. Its MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies. The company offers approximately 1.9 million stock-keeping units through its catalogs and brochures; e-commerce channels, including its Website, mscdirect.com; inventory management solutions; and call-centers and branches. It operates through distribution network of 98 branch offices and 12 customer fulfilment centres. The company serves individual machine shops, Fortune 1000 manufacturing companies, and government agencies, as well as manufacturers of various sizes. MSC Industrial Direct Co., Inc. was founded in 1941 and is headquartered in Melville, New York.
IPO Year: 1995
Exchange: NYSE
Website: mscdirect.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/17/2024 | $80.00 | Buy → Hold | Loop Capital |
| 6/17/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 5/29/2024 | $112.00 → $95.00 | Outperform → Neutral | Robert W. Baird |
| 10/9/2023 | $96.00 → $124.00 | Hold → Buy | Loop Capital |
| 10/17/2022 | $84.00 | Hold | Jefferies |
| 6/30/2022 | $67.00 | Outperform → Mkt Perform | William Blair |
| 9/27/2021 | $102.00 → $91.00 | Overweight | Keybanc |
| 8/3/2021 | $92.00 | Hold | Loop Capital |
| 7/15/2021 | $96.00 → $98.00 | Hold | Deutsche Bank |
| 7/9/2021 | $115.00 | Equal-Weight → Overweight | Stephens & Co. |
MELVILLE, N.Y. and DAVIDSON, N.C., Nov. 5, 2024 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE:MSM), a leading North American distributor of a broad range of metalworking and maintenance, repair and operations ("MRO") products and services, today announced the following upcoming investor events: Baird 2024 Global Industrial Conference Stephens Annual Investment Conference When: November 12, 2024 November 20, 2024 Attendees: Erik Gershwind, Chief Executive Officer Martina McIsaac, President and Chief Operating Officer Ryan Mills, Head of Investor Relations Kristen Actis-Grand
FISCAL 2024 Q4 HIGHLIGHTS Net sales of $952.3 million decreased 8.0% YoY and includes a roughly 300 basis point headwind from non-repeating Public Sector orders in the prior yearOperating income of $90.9 million, or $94.2 million adjusted to exclude acquisition-related and restructuring and other costs1Operating margin of 9.5%, or 9.9% excluding the adjustments described above1Diluted EPS of $0.99 vs. $1.56 in the prior fiscal year quarterAdjusted diluted EPS of $1.03 vs. $1.64 in the prior fiscal year quarter1FISCAL 2024 HIGHLIGHTS Net sales of $3,821.0 million decreased 4.7% YoY and includes a roughly 160 basis point headwind from non-repeating Public Sector orders in the prior yearOperati
MELVILLE, N.Y. and DAVIDSON, N.C., Oct. 10, 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 $0.85 per share, representing an increase from the previous regular quarterly dividend of $0.83 per share. The $0.85 dividend is payable on November 27, 2024 to shareholders of record at the close of business on November 13, 2024. About MSC Industri
Martina McIsaac to assume responsibility of MSC's day-to-day operations Erik Gershwind to sharpen focus on MSC's strategy, growth planning and organizational development MELVILLE, N.Y. and DAVIDSON, N.C., Sept. 24, 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 promotion of Martina McIsaac to President and Chief Operating Officer, effective September 23, 2024. Previously serving as Executive Vice President and C
MELVILLE, N.Y. and DAVIDSON, N.C., Sept. 20, 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 fourth quarter and full year results, as well as its current operations, will be broadcast online live on Thursday, October 24, 2024 at 8:30 a.m. Eastern Time. To access the earnings release, webcast, presentation slides and operational stati
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 booth experience how MSC applies a three-pronged approach of metalworking e
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. "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 governance profile and represents another beneficial change from the reclassification ag
Great Place to Work Certification™ reflects MSC's commitment to being an employer-of-choice. MELVILLE, N.Y. and DAVIDSON, N.C., July 18, 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 is proud to announce it has been Certified™ by Great Place To Work®. The prestigious award is based entirely on what current associates say about their experience working at MSC. This year, 77% of associates said MSC is a great place to work, which is 20 points higher than the average U.S. company. Additionally, 91% of associates said that when joining the company, y
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 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. 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 met
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 million in 2023 and have 58 associates. Both acquisitions are expected to be
Loop Capital analyst Chris Dankert maintains MSC Industrial Direct Co (NYSE:MSM) with a Hold and lowers the price target from $80 to $75.
During the last three months, 5 analysts shared their evaluations of MSC Industrial Direct Co (NYSE:MSM), revealing diverse outlooks from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 2 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $89.8, with a high estimate of $110.00 and a low estimate of $80.00. This current average
JP Morgan analyst Patrick Baumann maintains MSC Industrial Direct Co (NYSE:MSM) with a Neutral and lowers the price target from $81 to $80.
U.S. equities were little moved on Tuesday as investors continued to assess the potential for interest rate cuts following the latest economic data and comments from Fed Chair Jerome Powell. Speaking at the European Central Bank (ECB) forum in Portugal, Powell welcomed recent progress on disinflation and noted that the labor market is “appropriately cooling,” reinforcing market expectations for reduced borrowing costs later this year. He anticipates inflation to be between 2% and 2.5% by this time next year but did not commit to a specific course of action. Powell also highlighted the unsustainable trajectory of the U.S. national debt, labeling it a “top-level issue” for policymakers a
MSC Industrial Direct Co., Inc. (NYSE:MSM) reported third-quarter FY24 net sales decline of 7.1% Y/Y to $979.4 million, missing the consensus of $1.014 billion. Adjusted EPS of $1.33, down 23.6% Y/Y, missed the consensus of $1.50. This compares to preliminary results announced last month for net sales of $978 million-$980 million and adjusted EPS of $1.32-$1.34. Average daily sales fell 7.1% Y/Y due to non-recurring Public Sector orders from the previous year and weakness in manufacturing sectors. Adjusted operating income declined 19.6% to $111.5 million, with the operating margin compressing to 11.4% from 13.1% a year ago. As of June 1, 2024, the company held $25.9 million in c
MSC Industrial Direct Co (NYSE:MSM) reported quarterly earnings of $1.33 per share which missed the analyst consensus estimate of $1.50 by 11.33 percent. The company reported quarterly sales of $979.400 million which missed the analyst consensus estimate of $1.014 billion by 3.40 percent. This is a 7.17 percent decrease over sales of $1.055 billion the same period last year.
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Neutral” zone on Monday. U.S. stocks recorded gains on Monday, with the Nasdaq Composite settling at a record level during the session. Shares of Microsoft Corp. (NASDAQ:MSFT) gained 2.2%, while Apple Inc. (NASDAQ:AAPL) gained around 2.9% on Monday. The technology-heavy Nasdaq jumped 18.1% in the first half of the year, while the S&P 500 surged 14.5%. Most sectors on the S&P 500 closed on a negative note, with materials, industrials, and real estate stocks recording the biggest losses on Monday. However, information technology and consumer discretionary stock
With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects MSC Industrial Direct Co., Inc. (NYSE:MSM) to report quarterly earnings at $1.50 per share on revenue of $1.01 million before the opening bell, according to data from Benzinga Pro. MSC Industrial Direct shares gained 1.1% to $79.10 in the after-hours trading session. Y-mAbs Therapeutics, Inc. (NASDAQ:YMAB) named Peter Pfreundschuh as Chief Financial Officer, effective June 28. Y-mAbs Therapeutics shares fell 2.3% to $11.56 in the after-hours trading session. Analysts are expecting Radius Recycling, Inc. (NASDAQ:RDUS) to post a quar
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FISCAL 2024 Q4 HIGHLIGHTS Net sales of $952.3 million decreased 8.0% YoY and includes a roughly 300 basis point headwind from non-repeating Public Sector orders in the prior yearOperating income of $90.9 million, or $94.2 million adjusted to exclude acquisition-related and restructuring and other costs1Operating margin of 9.5%, or 9.9% excluding the adjustments described above1Diluted EPS of $0.99 vs. $1.56 in the prior fiscal year quarterAdjusted diluted EPS of $1.03 vs. $1.64 in the prior fiscal year quarter1FISCAL 2024 HIGHLIGHTS Net sales of $3,821.0 million decreased 4.7% YoY and includes a roughly 160 basis point headwind from non-repeating Public Sector orders in the prior yearOperati
MELVILLE, N.Y. and DAVIDSON, N.C., Oct. 10, 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 $0.85 per share, representing an increase from the previous regular quarterly dividend of $0.83 per share. The $0.85 dividend is payable on November 27, 2024 to shareholders of record at the close of business on November 13, 2024. About MSC Industri
MELVILLE, N.Y. and DAVIDSON, N.C., Sept. 20, 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 fourth quarter and full year results, as well as its current operations, will be broadcast online live on Thursday, October 24, 2024 at 8:30 a.m. Eastern Time. To access the earnings release, webcast, presentation slides and operational stati
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 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. 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 met
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 MSC Industrial Supply Co.MSC Industrial Supply Co. (NYSE:MSM) is a leadin
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 release, webcast, presentation slides and operational statistics, please
PRELIMINARY FISCAL 2024 Q3 RESULTS Net sales of approximately $978-$980 million down 7.3%-7.1% YoY and includes a roughly 300 basis point headwind from non-repeating Public Sector orders in the prior yearAverage daily sales up approximately 3% sequentially compared to the fiscal second quarter, which had one less selling dayGAAP Earnings Per Share (EPS) expected to be in the range of $1.26 - $1.28Adjusted EPS* expected to be in the range of $1.32 - $1.34Company to discuss preliminary financial results and drivers of updated outlook on June 14, 2024 at 8:30AM EDTCompany to release final fiscal third quarter 2024 financial results and conduct conference call on July 2, 2024 at 8:30AM EDT* Repr
FISCAL 2024 Q2 HIGHLIGHTS Net sales of $935.3 million decreased 2.7% YoY, 290 basis points below the Industrial Production (IP) IndexOperating income of $91.2 million, or $97.8 million adjusted to exclude restructuring and other costs as well as acquisition-related costs1Operating margin of 9.7%, or 10.5% excluding the adjustments described above1Diluted EPS of $1.10 vs. $1.41 in the prior fiscal year quarterAdjusted diluted EPS of $1.18 vs. $1.45 in the prior fiscal year quarter1MELVILLE, N.Y. and DAVIDSON, N.C., March 28, 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
MELVILLE, N.Y. and DAVIDSON, N.C., March 27, 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, announced it has completed the acquisition of intellectual property (IP) assets from Schmitz Manufacturing Research & Technology LLC (SMRT) related to its technology solutions for the U.S. manufacturing industry. Based in Knoxville, Tenn., SMRT is led by Chief Executive Officer Christine Schmitz and Chief Technology Office
MELVILLE, N.Y. and DAVIDSON, N.C., March 26, 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 April 23, 2024 to shareholders of record at the close of business on April 9, 2024. The ex-dividend date is April 8, 2024. About MSC Industrial Supply Co.MSC Industrial Supply Co. (NYSE:MSM) is a le
Loop Capital downgraded MSC Industrial from Buy to Hold and set a new price target of $80.00
KeyBanc Capital Markets downgraded MSC Industrial from Overweight to Sector Weight
Robert W. Baird downgraded MSC Industrial from Outperform to Neutral and set a new price target of $95.00 from $112.00 previously
Loop Capital upgraded MSC Industrial from Hold to Buy and set a new price target of $124.00 from $96.00 previously
Jefferies resumed coverage of MSC Industrial with a rating of Hold and set a new price target of $84.00
William Blair downgraded MSC Industrial from Outperform to Mkt Perform and set a new price target of $67.00
Keybanc reiterated coverage of MSC Industrial Direct Co with a rating of Overweight and set a new price target of $91.00 from $102.00 previously
Loop Capital initiated coverage of MSC Industrial with a rating of Hold and set a new price target of $92.00
Deutsche Bank reiterated coverage of MSC Industrial Direct Co with a rating of Hold and set a new price target of $98.00 from $96.00 previously
Stephens & Co. upgraded MSC Industrial Direct Co from Equal-Weight to Overweight and set a new price target of $115.00
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