MSC Industrial Q1 FY2024 EPS $1.22 vs $1.45 YoY; sales down 0.4%

MSC INDUSTRIAL DIRECT CO INC

2024-Q1 EPS reported $1.22 revenue$953,969,000

Net sales $954.0M, down 0.4% YoY; GAAP diluted EPS $1.22 vs $1.45; adjusted EPS $1.25 vs $1.48.
Operating margin 10.6% (GAAP), adjusted 10.9%, down from 12.3% a year ago.
FY2024 guidance maintained: ADS growth 0%-5%, adjusted operating margin 12.0%-12.8%.
Completed repurchase of share reclassification dilution; In-Plant programs grew 35% YoY.
Management cites UAW strike headwind; expects alleviation in early fiscal Q2.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MSC INDUSTRIAL DIRECT CO INC updated its fiscal 2024 full year guidance (reaffirmed).

Period: fiscal 2024 full year
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Fiscal 2024 Full Year Financial Outlook Maintained ADS Growth (YoY) 0% - 5%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MSC INDUSTRIAL DIRECT CO INC reported fiscal 2024 first quarter ended December 2, 2023 results: revenue $954.0 million, net income $69.4 million, EPS $1.22.

Period: fiscal 2024 first quarter ended December 2, 2023
Revenue: $954.0 million
Net income: $69.4 million
EPS: $1.22
Result: reported results

Exact text from the filing

Net sales of $954.0 million decreased 0.4% YoY

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Source: SEC EDGAR

accession 0001003078-24-000005

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