MSC INDUSTRIAL (MSM) issues 'softer' preliminary Q3 results

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Go back to MSC INDUSTRIAL (MSM) issues 'softer' preliminary Q3 results

MSC INDUSTRIAL SUPPLY CO. PROVIDES PRELIMINARY FISCAL THIRD QUARTER RESULTS AND UPDATES OUTLOOK FOR THE FULL FISCAL YEAR

June 13, 2024 4:30 PM EDT

PRELIMINARY FISCAL 2024 Q3 RESULTS

Net sales of approximately $978-$980 million down 7.3%-7.1% YoY and includes a roughly 300 basis point headwind from non-repeating Public Sector orders in the prior yearAverage daily sales up approximately 3% sequentially compared to the fiscal second quarter, which had one less selling dayGAAP Earnings Per Share (EPS) expected to be in the range of $1.26 - $1.28Adjusted EPS* expected to be in the range of $1.32 - $1.34Company to discuss preliminary financial results and drivers of... More