earnings
confidence high
sentiment positive
materiality 0.75
MSC Industrial Q1 net sales up 12.9% to $957.7M; adjusted EPS $1.48 vs $1.25; reaffirms FY23 guidance
MSC INDUSTRIAL DIRECT CO INC
2023-Q1 EPS reported
$1.45
revenue$957,745,000
- Q1 net sales $957.7M, +12.9% YoY; average daily sales growth ~9 ppt above IP Index.
- GAAP diluted EPS $1.45 vs $1.18; adjusted EPS $1.48 vs $1.25; YoY growth 22.9% GAAP, 18.4% adjusted.
- Operating margin 12.1% GAAP (12.3% adj.); expanded 140 bps (100 bps adj.) vs prior year.
- Repurchased >200k shares at avg $79.60; reaffirms FY23 adjusted op margin guide 12.7%-13.3%.
- Mission Critical: CCSG mid-teens; vending/In-Plant sales up mid-teens; e-commerce 61.9% of sales; public sector +22%.