Msc Industrial Stock Price, News & Analysis

MSC Industrial Supply Co. (NYSE: MSM) has received a proposal from its controlling shareholders, the Jacobson/Gershwind family, to exchange their high-voting Class B shares for Class A shares, aiming to eliminate the current dual-class share structure. The exchange ratio suggested is 1.35 Class A shares for each Class B share. A Special Committee of independent directors has been formed to evaluate the proposal, which requires approval from the Committee, the MSC Board, and a majority of Class A shareholders. There is no guarantee of a finalized transaction.

MSC Industrial Supply Co. (NYSE: MSM) has acquired Buckeye Industrial Supply Co. and Tru-Edge Grinding Inc., both based in Ohio, enhancing its position in the North American metalworking distribution market. The combined estimated revenue for Buckeye and Tru-Edge was $28 million in 2022, with 80 associates involved. This strategic acquisition aims to leverage Buckeye's customer relationships and Tru-Edge's manufacturing capabilities to expand MSC's product offerings and drive eCommerce sales through mscdirect.com, as well as improve customer cost savings.

MSC Industrial Supply reported fiscal 2023 Q1 net sales of $957.7 million, a 12.9% increase year-over-year. Operating income reached $116.0 million with an operating margin of 12.1%. Diluted EPS grew to $1.45 from $1.18 in the prior year. The company repurchased over 200,000 shares at an average price of $79.60. MSC reaffirmed its fiscal 2023 outlook, expecting adjusted operating margins between 12.7%-13.3% and average daily sales growth of 5.0%-9.0%.

MSC Industrial Supply Co. (NYSE: MSM) has declared a cash dividend of $0.79 per share, payable on January 24, 2023, to shareholders of record as of January 10, 2023. The ex-dividend date is set for January 9, 2023. This dividend declaration highlights MSC's commitment to return value to shareholders, reflecting a stable financial position. The company is a leading distributor of metalworking and maintenance, repair, and operations products across North America.

MSC Industrial Supply Co. (NYSE: MSM) announces a live webcast scheduled for January 5, 2023, at 8:30 a.m. ET to discuss its fiscal 2023 first-quarter results. The company provides MRO and metalworking products and services, aiming to enhance customer productivity and growth with approximately 2.1 million products. Investors can access the earnings release and presentation materials on the company's investor website. The call can be joined through various numbers, with an archived version available for one week post-event.

On December 1, 2022, MSC Industrial Supply Co. (NYSE: MSM) elected Rahquel Purcell to its Board of Directors. Purcell brings over 30 years of supply chain and digital experience, previously serving as Chief Transformation Officer at L'Oréal. Her tenure included roles overseeing significant operational units and contributing to L'Oréal's ESG strategy. MSC's leadership believes her customer-centric approach and operational expertise will enhance profitability and growth. This strategic addition aims to strengthen MSC's operational efficiencies and long-term success.

MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM) reported strong fiscal 2022 Q4 results with net sales of $1.0 billion, a 23% year-over-year increase. Operating income rose 57.8% to $144.0 million, yielding an operating margin of 14.1%. Diluted EPS jumped to $1.86, up from $1.18 in Q4 FY21. For the full year, net sales reached $3.7 billion, up 13.8%, with diluted EPS at $6.06, a 56.6% increase. The company expects continued growth and margin expansion in fiscal 2023.

MSC Industrial Supply Co. (NYSE: MSM) has declared a cash dividend of $0.79 per share, marking a 5% increase from the previous dividend of $0.75. This dividend is scheduled for payment on November 29, 2022 to shareholders of record by November 15, 2022, with the ex-dividend date set for November 14, 2022. The company, a leading distributor in the metalworking and MRO sectors, continues to support its shareholders while driving productivity and growth across North America.

MSC Industrial Supply Co. (NYSE: MSM) announced a conference call scheduled for October 20, 2022, at 8:30 a.m. ET to discuss its fiscal 2022 fourth quarter and full year results. The call will provide insights into the company's current operations and will be accessible via a live broadcast on the internet. Interested participants can also dial in directly. An archive of the call will be available shortly after its conclusion and will remain accessible until November 3, 2022. MSC is a prominent distributor of metalworking and MRO products in North America.