MSC Industrial Q3 sales $1.0545B up 10%; EPS $1.69 ($1.74 adj); raises FY2023 sales guidance

MSC INDUSTRIAL DIRECT CO INC

2023-Q3 EPS reported $4.56 revenue$2,973,841,000

Net sales of $1,054.5M, up 10.0% YoY (11.7% on avg daily sales); outperformed IP index by ~11pp.
Diluted EPS $1.69 vs $1.78; adjusted EPS $1.74 vs $1.82; operating margin 12.8% (adj 13.1%).
Raises FY2023 sales guidance: ADS growth 10-11%; adjusted operating margin ~12.7%; gross margins 100-120bps contraction.
Solutions net sales (vending, In-Plant) grew 10-13% YoY; e-commerce up 8% representing 60% of total sales.
Public Sector contract win contributed 80% net sales growth in that segment, impacting mix.

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 third quarter ended June 3, 2023 results: revenue $1,054.5 million, net income $95.2 million, EPS $1.69. Guidance raised.

Period: fiscal 2023 third quarter ended June 3, 2023
Revenue: $1,054.5 million
Net income: $95.2 million
EPS: $1.69
Guidance: raised
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 THIRD QUARTER RESULTS FISCAL 2023 Q3 HIGHLIGHTS • Net sales of $1,054.5 million increased 10.0% YoY (11.7% on an average daily sales basis ), approximately 11 perc entage points above the Industrial Production (IP) index • Operating income of $135.4 million,

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Source: SEC EDGAR

accession 0001003078-23-000070

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