The earnings call highlighted several positive developments, such as improvements in gross margin, expansion of In-Plant and vending programs, and strong free cash flow conversion. However, these were offset by declines in average daily sales, operating margins, and macroeconomic challenges affecting the manufacturing sector. Although there is progress in strategic initiatives and leadership expansion, the financial and market challenges present a mixed outlook.

Company Guidance -

Q4 2025

During the MSC Industrial Supply Fiscal 2025 Third Quarter Conference Call, the company provided detailed guidance on several key financial metrics. Average daily sales (ADS) for the third quarter declined by 0.8% year-over-year but improved 7% quarter-over-quarter, surpassing historical sequential averages. Gross margins were at the higher end of expectations, resulting in reported and adjusted operating margins of 8.5% and 9.0%, respectively, with the adjusted margin increasing by 190 basis points sequentially. The company also discussed its strategic initiatives, including a 23% increase in the In-Plant program count and a 9% growth in the installed base of vending machines. Moving to the fiscal fourth quarter, MSC anticipates ADS to range between a 0.5% decline and a 1.5% increase year-over-year, while maintaining flat performance compared to the third quarter at the midpoint. The company expects gross margins to perform better than the historical seasonal decline and has projected full-year capital expenditures at the lower end of the $100 million to $110 million range, with free cash flow conversion expected to reach approximately 120%, up from the previous forecast of around 100%.

Gross Margin Improvement

Gross margins improved by 10 basis points year-over-year to 41%, benefiting from price adjustments and a positive mix.

In-Plant and Vending Growth

The company expanded its In-Plant program count by 23% and increased its vending machines by 9% year-over-year. Sales through vending were up roughly 8%, and sales to In-Plant program customers grew 10% year-over-year.

Free Cash Flow Conversion

The company reported a free cash flow conversion of approximately 134% for the fiscal third quarter and 129% fiscal year-to-date.

Leadership Expansion

John Reichelt was added as the Senior Vice President and Chief Information Officer, bringing experience from TriMark USA, Aramark, and Procter & Gamble.

MSC Industrial (MSM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MSM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q4)	1.00 / -	1.03	―	―	―
Jul 01, 2025	2025 (Q3)	1.03 / 1.08	1.33	-18.80% (-0.25)
Apr 03, 2025	2025 (Q2)	0.68 / 0.72	1.18	-38.98% (-0.46)
Jan 08, 2025	2025 (Q1)	0.73 / 0.86	1.25	-31.20% (-0.39)
Oct 24, 2024	2024 (Q4)	1.07 / 1.03	1.64	-37.20% (-0.61)
Jul 02, 2024	2024 (Q3)	1.33 / 1.33	1.74	-23.56% (-0.41)
Mar 28, 2024	2024 (Q2)	1.16 / 1.18	1.45	-18.62% (-0.27)
Jan 09, 2024	2024 (Q1)	1.30 / 1.25	1.48	-15.54% (-0.23)
Oct 25, 2023	2023 (Q4)	1.62 / 1.64	1.79	-8.38% (-0.15)
Jun 29, 2023	2023 (Q3)	1.75 / 1.74	1.82	-4.40% (-0.08)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MSM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 01, 2025	$84.22	$89.47	+6.23%
Apr 03, 2025	$77.59	$73.55	-5.21%
Jan 08, 2025	$77.34	$80.04	+3.49%
Oct 24, 2024	$77.55	$74.62	-3.78%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Msc Industrial Direct Company (MSM) report earnings?

Msc Industrial Direct Company (MSM) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is Msc Industrial Direct Company (MSM) earnings time?

Msc Industrial Direct Company (MSM) earnings time is at Oct 23, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MSM EPS forecast?

MSM EPS forecast for the fiscal quarter 2025 (Q4) is 1.

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