Every 10-Q that MSC Industrial Direct Co., Inc. (MSM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MSM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MSM filings page.
MSC Industrial Direct reported stronger results for the quarter ended May 30, 2026. Net sales rose to $1,047.1 million from $971.1 million, driven mainly by favorable pricing and modest volume growth. Gross margin edged up to 41.1%, and operating expenses grew more slowly than sales.
Operating income increased to $106.7 million (10.2% margin) from $82.7 million (8.5% margin). Net income attributable to MSC Industrial reached $80.4 million, up from $56.8 million, with diluted EPS of $1.44 versus $1.02. For the thirty‑nine weeks, sales were $2,930.5 million and diluted EPS rose to $3.12 from $2.55.
The company generated $225.5 million of operating cash flow year‑to‑date, increased inventories to support growth and tariffs, and ended the period with $74.1 million in cash and $506.8 million of total debt. It paid $145.8 million in dividends, repurchased 162 thousand shares, incurred $7.3 million in restructuring costs, and recognized $5.1 million of Employee Retention Credit income.
MSC Industrial Direct delivered modest growth for the quarter and first half of fiscal 2026. Quarterly net sales rose to $917.8 million, with net income attributable to MSC increasing to $42.5 million, or $0.76 per diluted share. For the first twenty‑six weeks, net sales reached $1.88 billion and net income attributable to MSC was $94.3 million, or $1.69 per diluted share.
Gross margin edged up as pricing initiatives offset higher costs, while operating margin improved slightly to 7.1% for the quarter and 7.5% year‑to‑date. Cash from operations declined to $123.8 million due mainly to working capital movements, and total debt increased to $511.8 million as the company used credit facilities and an expanded receivables program. MSC returned cash to shareholders through $97.2 million of regular dividends and $13.7 million of share repurchases, and incurred $7.3 million of restructuring and other costs tied to headcount reductions and optimization initiatives.
MSC Industrial Direct Co., Inc. reported higher sales and profits for the quarter ended November 29, 2025. Net sales rose to $965.7 million, up 4.0% from a year earlier, driven mainly by pricing actions, while gross margin held steady at 40.7%. Income from operations increased to $76.2 million with operating margin of 7.9%.
Net income attributable to MSC Industrial grew to $51.8 million, or $0.93 per diluted share, compared with $46.6 million, or $0.83, a year ago. The company generated $29.4 million of operating cash flow versus $101.9 million in the prior-year quarter as working capital needs increased, particularly inventories and receivables.
MSC increased net borrowings to $531.0 million of total debt and ended the quarter with $40.3 million in cash. It paid $48.6 million in regular dividends, repurchased $13.0 million of Class A shares, and acquired the remaining interest in Wm. F. Hurst Co., LLC for $8.2 million. Restructuring and other costs rose to $4.9 million as the company executed sales optimization and workforce realignment initiatives.
MSC Industrial Direct (NYSE: MSM) filed its Form 10-Q covering the fiscal third quarter ended 31 May 2025. Net sales slipped 0.8 % year-on-year to $971.1 million as softer demand from heavy manufacturing and mixed industrial end-markets outweighed modest price/mix benefits. Despite a 10 basis-point uptick in gross margin to 41.0 %, selling, general and administrative expenses expanded 8.1 % to $312.3 million, driven by wage inflation, consulting fees, and growth investments. As a result, operating income contracted 22.5 % to $82.7 million, and diluted EPS fell 19.7 % to $1.02.
Year-to-date (39 weeks) cash flow from operations reached $253.5 million (-16 % YoY), still comfortably covering capital expenditures of $71.1 million, $142.3 million in dividends (regular dividend now $0.85 per share, +2.4 %) and $39.1 million of share repurchases (494k shares). Cash and equivalents rose to $71.7 million (2.4× YoY) thanks to disciplined working-capital management and the $32 million sale of the Columbus, OH fulfillment center (a $1.2 million loss recorded in the quarter).
Gross debt edged up to $521.0 million as the company leaned on short-term uncommitted facilities ($216 million outstanding) and tapped $6 million of its revolver. Net leverage remains modest at ~1.2× EBITDA, and all covenants under the credit and private placement agreements were met. MSC continues to monetize receivables through a $300 million purchase facility; related fees totaled $3.8 million this quarter.
Restructuring and other costs were $2.7 million (vs. $4.7 million LY), tied mainly to severance and supply-chain optimization initiatives. Management reaffirmed its Mission Critical Phase II focus on core customer penetration, OEM fasteners, digital upgrades and expense discipline, but acknowledged “soft demand” conditions, especially in automotive and fabricated-metal sub-sectors.
Shareholders’ equity declined 2.7 % since FY-end to $1.38 billion, reflecting the sizable dividend and buyback outflows. Subsequent to quarter-end, MSM retired its $20 million 3.79 % notes due 11 June 2025 using cash on hand.
Key takeaway: MSC preserved margin and cash-flow resilience, yet top-line and earnings pressure signal a sluggish industrial backdrop and the necessity for tighter cost control to restore operating leverage.