MSC Industrial Direct Q2 net sales up 11.5% to $961.6M, adjusted EPS $1.45 vs $1.29

MSC INDUSTRIAL DIRECT CO INC

2023-Q2 EPS reported $2.86 revenue$1,919,377,000

Net sales $961.6M (+11.5% YoY); adjusted diluted EPS $1.45 (+12.4% YoY).
Operating income $114.3M; adjusted operating margin 12.2% vs 11.6% prior year.
Repurchased 150k shares at avg $81.76; share buybacks on hold pending share reclassification.
FY2023 guidance: adjusted op margin 12.7%-13.3%; ADS growth 5%-9%; gross margins contract 40-70 bps YoY.
Mission Critical: vending net sales +mid-teens, In-Plant +nearly 20%, Solutions >56% of total.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MSC INDUSTRIAL DIRECT CO INC reported fiscal 2023 second quarter ended March 4, 2023 results: revenue $961.6 million, net income $79.1 million, EPS $1.41 per diluted share. Guidance reaffirmed.

Period: fiscal 2023 second quarter ended March 4, 2023
Revenue: $961.6 million
Net income: $79.1 million
EPS: $1.41 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

reference in any such filing. --- EX-99.1 (EX-99.1) --- NEWS MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2023 SECOND QUARTER RESULTS FISCAL 2023 Q2 HIGHLIGHTS • Net sales of $961.6 million increased 11.5% YoY, 11 perc entage points above the Industrial Production (IP) Index • Operating income of $114.3 million, or $117.2 million adjusted to exclude

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Source: SEC EDGAR

accession 0001003078-23-000048

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