MSC Industrial Q2 net sales down 2.7% YoY to $935.3M; diluted EPS $1.10 vs $1.41

MSC INDUSTRIAL DIRECT CO INC

2024-Q2 EPS reported $2.32 revenue$1,889,317,000

Net sales $935.3M, down 2.7% YoY; operating income $91.2M (20.2% decrease).
Adjusted diluted EPS $1.18 vs $1.45 prior year; adjusted operating margin 10.5% vs 12.2%.
Full-year outlook: ADS growth 0-5%, adjusted op margin 12.0-12.8%; likely at lower end per CFO.
Strong cash conversion supported by inventory reductions; share repurchases completed.
CEO cites soft macro environment but confident in back-half improvement from Mission Critical initiatives.

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 reported fiscal 2024 second quarter ended March 2, 2024 results: revenue $935.3 million, net income $61.8 million, EPS $1.10. Guidance reaffirmed.

Period: fiscal 2024 second quarter ended March 2, 2024
Revenue: $935.3 million
Net income: $61.8 million
EPS: $1.10
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net sales of $935.3 million decreased 2.7% YoY

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Source: SEC EDGAR

accession 0001003078-24-000046

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