The earnings call presented a mixed picture. While there were positive developments such as sequential sales improvement, gross margin performance, and growth in specific programs like In-Plant and Vending, these were counterbalanced by year-over-year sales declines, challenges in core and national accounts, and a decline in operating margin. The macroeconomic environment and tariff-related uncertainties also posed challenges.

Company Guidance -

Q4 2025

During the fiscal third quarter 2025 conference call, MSC Industrial Supply reported a 0.8% year-over-year decline in average daily sales (ADS), slightly above their outlook's midpoint, yet a 7% quarter-over-quarter improvement, surpassing historical 2Q to 3Q averages. Gross margins reached the upper end of expectations, with reported and adjusted operating margins at 8.5% and 9.0% respectively. Adjusted operating margins rose 190 basis points sequentially to meet the midpoint of their outlook. The company continued enhancing its core customer focus, reflected in a 0.8% year-over-year decline in core customer daily sales, aligning with overall company results. Web enhancements fueled low double-digit year-over-year and mid-single-digit quarter-over-quarter growth in direct traffic to mscdirect.com, along with improved site conversion rates. In high-touch solutions, In-Plant program counts rose by 23% and vending machines by 9% year-over-year. Meanwhile, OEM product line sales grew slightly. Looking forward, MSC expects fiscal fourth quarter ADS to range from a 0.5% decline to a 1.5% increase year-over-year, with gross margins anticipated to perform better than the historical seasonal decline of 40 basis points, stabilizing at 40.9% plus or minus 20 basis points.

Sequential Sales Improvement

Average daily sales improved 7% quarter-over-quarter, exceeding historical 2Q to 3Q sequential averages.

Gross Margin Performance

Gross margins came in at the higher end of expectations, with a reported gross margin of 41%, improving 10 basis points year-over-year.

In-Plant and Vending Program Growth

In-Plant program count increased by 23% year-over-year, and the installed base of vending machines rose by 9%.

Public Sector Growth

Public sector sales continued to grow, improving 2.4% year-over-year.

Web Traffic and Conversion Rates

Direct traffic to mscdirect.com grew low double digits year-over-year and mid-single digits quarter-over-quarter, with improvements in site conversion rate metrics.

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

Daily Earnings Calendar >

MSM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q4)	0.99 / -	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	$85.02	$90.32	+6.23%
Apr 03, 2025	$78.32	$74.25	-5.20%
Jan 08, 2025	$78.08	$80.79	+3.47%
Oct 24, 2024	$78.28	$75.33	-3.77%

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 0.99.

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