MSC Industrial Direct CoNYSE: MSM

MSC Industrial (MSM) reports year-over-year declines in the top and the bottom line in third-quarter fiscal 2024 due to the ongoing weakness in the manufacturing sector.

MSC Industrial (MSM) buys ApTex and Premier Tool Grinding to expand its footprint and product offerings.

MSC Industrial (MSM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

A nasty downtrend has been intact for months here on MSC.

MSC Industrial (MSM) expects an adjusted operating margin of 10.5%-10.7%, down from the prior stated 12-12.8%.

There is a possibility that MSC Industrial might not meet its full-year sales projections because of a slow start in its end markets. The anticipated second-half recovery for many industrial companies could be postponed.

MSC Industrial (MSM) expects average daily sales to see flat to 5% growth year over year for fiscal 2024.

Although the revenue and EPS for MSC Industrial (MSM) give a sense of how its business performed in the quarter ended February 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

MSC Industrial (MSM) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $1.45 per share a year ago.