MSC Industrial Direct Second Quarter 2024 Earnings: Misses Expectations

MSC Industrial Direct Co., Inc. Class A +0.93%

MSC Industrial Direct Co., Inc. Class A

MSM

79.45

+0.93%

MSC Industrial Direct (NYSE:MSM) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$935.3m (down 2.7% from 2Q 2023).
  • Net income: US$61.8m (down 22% from 2Q 2023).
  • Profit margin: 6.6% (down from 8.2% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: US$1.10 (down from US$1.42 in 2Q 2023).
earnings-and-revenue-growth
NYSE:MSM Earnings and Revenue Growth March 29th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

MSC Industrial Direct Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 4.6%.

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Trade Distributors industry in the US.

Performance of the American Trade Distributors industry.

The company's shares are down 2.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for MSC Industrial Direct that you should be aware of.

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