secwatch.observer — SEC 8-K summary
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Issuer:     MSC INDUSTRIAL DIRECT CO INC (MSM)
CIK:        0001003078
Form:       8-K
Filed at:   2024-01-09T23:59:59+00:00
Accession:  0001003078-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1003078/000100307824000005/0001003078-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1003078/000100307824000005/msm-20240109.htm
  HTML page:      https://secwatch.observer/filing/0001003078-24-000005

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