Welcome to our dedicated page for Msc Industrial news (Ticker: MSM), a resource for investors and traders seeking the latest updates and insights on Msc Industrial stock.
MSC Industrial Supply (NYSE: MSM) maintains its position as a leading North American distributor of metalworking tools and MRO products through strategic operational updates and industry-focused initiatives. This news hub provides investors and professionals with essential updates on corporate developments impacting the industrial distribution sector.
Access comprehensive coverage of MSM's financial announcements, supply chain innovations, and market expansion strategies. Our curated news collection enables stakeholders to track operational milestones including product line expansions, leadership updates, and partnership developments within the metalworking ecosystem.
Key updates include earnings reports analysis, inventory management advancements, and coverage of sustainability initiatives in industrial distribution. Regular updates ensure awareness of MSM's responses to evolving market demands and technological implementations in MRO solutions.
Bookmark this page for streamlined access to verified updates about MSC Industrial Supply's strategic direction. Monitor critical developments affecting metalworking industries and maintenance operations through our maintained news repository.
MSC Industrial Supply Co. (NYSE: MSM) will webcast a review of its fiscal 2024 third quarter results on July 2, 2024, at 8:30 a.m. Eastern Time. The company, a leading distributor of Metalworking and MRO products in North America, will discuss its quarterly financial performance and operational updates during the call. Interested parties can access the webcast, earnings release, presentation slides, and operational statistics via MSC's investor relations website. The conference call is accessible by dialing specified phone numbers for U.S., Canada, and international participants. A replay of the broadcast will be available online until July 16, 2024.
MSC Industrial Supply Co. (NYSE: MSM) has announced preliminary financial results for its fiscal third quarter of 2024, revealing net sales between $978-$980 million, a 7.1%-7.3% decline YoY. Average daily sales increased by approximately 3% sequentially. GAAP EPS is expected to be $1.26-$1.28, with adjusted EPS projected at $1.32-$1.34. The company attributes the lower performance to ongoing heavy manufacturing softness and delays in core customer ramp-up. Gross margins were negatively impacted by increased product and customer mix headwinds, and issues with web price realignment. MSC has updated its outlook for the full fiscal year 2024, reducing ADS growth to -4.7% to -4.3% and adjusted operating margin to 10.5%-10.7%.
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