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MSC Industrial Direct Co., Inc. - MSM STOCK NEWS

Welcome to our dedicated news page for MSC Industrial Direct Co. (Ticker: MSM), a resource for investors and traders seeking the latest updates and insights on MSC Industrial Direct Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MSC Industrial Direct Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MSC Industrial Direct Co.'s position in the market.

News
MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 SECOND QUARTER RESULTS
Rhea-AI Summary
MSC Industrial Supply Co. reports a decrease in net sales and income from operations for fiscal 2024 Q2 compared to the previous year. The company's diluted EPS and net income also declined. Despite challenges in core customer growth and heavy manufacturing sectors, MSC remains optimistic about the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.49%
Tags
earnings
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News
MSC INDUSTRIAL SUPPLY CO. ACQUIRES INTELLECTUAL PROPERTY ASSETS FROM SCHMITZ MANUFACTURING RESEARCH & TECHNOLOGY
Rhea-AI Summary
MSC Industrial Supply Co. (MSM) acquires intellectual property assets from SMRT to enhance technology solutions for the U.S. manufacturing industry. The acquisition aims to drive innovation, reduce manufacturing costs, and boost productivity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.49%
Tags
acquisition
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News
MSC INDUSTRIAL SUPPLY CO. DECLARES REGULAR QUARTERLY DIVIDEND
Rhea-AI Summary
MSC Industrial Supply Co. (NYSE: MSM) declares a cash dividend of $0.83 per share, payable on April 23, 2024, to shareholders of record as of April 9, 2024, with an ex-dividend date of April 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.96%
Tags
dividends
News
MSC INDUSTRIAL SUPPLY CO. TO WEBCAST REVIEW OF FISCAL 2024 SECOND QUARTER RESULTS
Rhea-AI Summary
MSC Industrial Supply Co. (MSM) will host a live conference call to discuss its fiscal year 2024 second quarter results and operations on March 28, 2024. The call will be accessible via webcast or phone. An online archive will be available after the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
Tags
conferences earnings
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News
PulteGroup Nominates Kristen Actis-Grande for Election to Board of Directors
Rhea-AI Summary
PulteGroup (PHM) nominates Kristen Actis-Grande as a new independent director to its Board of Directors. Actis-Grande, currently the CFO of MSC Industrial Direct Co., Inc., brings extensive finance and industry expertise to PulteGroup. Her appointment awaits shareholder approval at the upcoming annual meeting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.18%
Tags
management
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News
MSC INDUSTRIAL SUPPLY CO. TO PARTICIPATE AT UPCOMING INVESTOR CONFERENCES
Rhea-AI Summary
MSC Industrial Supply Co. (NYSE: MSM) announces upcoming investor events at Raymond James Institutional Investors Conference and Loop Capital Markets Investor Conference. Key attendees include Kristen Actis-Grande, EVP and CFO, and Ryan Mills, Head of Investor Relations. Webcast details provided for the Raymond James event.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.87%
Tags
conferences
News
MSC INDUSTRIAL SUPPLY CO. ACQUIRES KAR INDUSTRIAL INC.
Rhea-AI Summary
MSC Industrial Supply Co. has acquired KAR Industrial Inc., a metalworking distributor in Canada, to expand its metalworking presence in the country. KAR will continue to operate under its current names, with estimated revenues of US$16M in 2023. MSC plans to leverage KAR's expertise to offer its customers access to a wide product portfolio and E-commerce sales channel through mscdirect.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
Tags
acquisition
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News
MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 FIRST QUARTER RESULTS
Rhea-AI Summary
MSC Industrial Supply Co. (NYSE: MSM) reported net sales of $954.0 million, a 0.4% decrease from the prior year's first quarter. Operating income was $101.6 million, with a 10.6% operating margin. Diluted EPS was $1.22, down 15.9% from the previous year. The company aims to maintain a 0%-5% ADS growth and 12.0%-12.8% adjusted operating margin for fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.13%
Tags
earnings
-
News
MSC INDUSTRIAL SUPPLY CO. RELEASES 2023 ESG REPORT
Rhea-AI Summary
MSC Industrial Supply Co. (NYSE: MSM) reaffirmed its commitment to ESG principles in its 2023 ESG Report, 'BETTER: Better World, Better Tomorrow.' The report highlights MSC's approach to ESG, including governance, waste reduction, environmental and climate change initiatives, ethical supply chain stewardship, and community engagement. MSC has made substantial progress in achieving NIST 800-171 standards compliance, reduced waste for customers through sustainable solutions, increased climate disclosure, and appointed a new Supplier Diversity & Sustainability program manager. The company also established a new inclusion circle, scored 90 on the 2023 Best Places to Work Disability Equality Index, and donated over $13 million in funds and products to charities and disaster relief efforts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
Tags
none
News
MSC INDUSTRIAL SUPPLY CO. DECLARES REGULAR QUARTERLY DIVIDEND
Rhea-AI Summary
MSC Industrial Supply Co. (MSM) announces a cash dividend of $0.83 per share, payable on January 23, 2024, to shareholders of record on January 9, 2024, with an ex-dividend date of January 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
dividends
Stock MSM logo
MSC Industrial Direct Co., Inc.

NYSE:MSM

MSM Rankings

#1159 Ranked by Market Cap
#1137 Ranked by Stock Gains
#966 Ranked by Dividends

MSM Stock Data

5.22B
43.77M
20.81%
79.55%
2.9%
General Rental Centers
Real Estate and Rental and Leasing
Link
United States
Melville

About MSM

msc industrial supply co. (nyse:msm) is a leading north american distributor of metalworking and maintenance, repair, and operations (mro) products and services. we help our customers drive greater productivity, profitability and growth with more than 1 million products, inventory management and other supply chain solutions, and deep expertise from 75 years of working with customers across industries. our experienced team of over 6,000 associates is dedicated to working side by side with our customers to help drive results for their businesses - from keeping operations running efficiently today to continuously rethinking, retooling, and optimizing for a more productive tomorrow. for more information on msc, please visit mscdirect.com.