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Earnings Data
Report Date
Oct 22, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.38Last Year’s EPS
1.09Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed constructive operational progress: sales and margins beat expectations, EPS improved materially, vending/in-plant expansion accelerated, and cost-reduction initiatives are producing tangible benefits (lower opex as a percent of sales, headcount reductions, and network savings). However, the improvement is still largely price-driven with volumes only modestly recovering, persistent commodity inflation (notably tungsten), and some timing-related headwinds (freight lapsing, D&A increase, isolated bad debt). Management is optimistic and laying out a clear productivity roadmap, but additional work (including further productivity/headcount actions and sustainable volume growth) is required to reach mid-teens operating margins.Company Guidance
Revenue and Average Daily Sales Growth
Fiscal 3Q sales of $1.047 billion, up 7.8% year-over-year; average daily sales (ADS) exceeded expectations and improved 12.3% sequentially versus fiscal 2Q.
Strong Margin and EPS Performance
Adjusted operating margin of 10.6% (vs. 9.0% prior year) and reported operating margin of 10.2% (vs. 8.5% prior year). GAAP EPS $1.44 vs $1.02 prior year; adjusted EPS $1.43 vs $1.08 prior year, a 32% increase.
Incremental Margins and Operating Leverage
Delivered an incremental operating margin of ~32% in the quarter; company expects adjusted incremental operating margins in the mid-20% range in Q4 and targets mid-single-digit sales growth with at least 20% incremental margins longer term.
Cost Structure Progress
Adjusted operating expenses declined 150 basis points as a percent of sales year-over-year despite a $9 million increase in adjusted operating expenses; payroll and payroll-related costs improved ~250 basis points to 53.7% of sales (from 56.1%).
Productivity and Headcount Actions
Completed sales force optimization (dec. completion): billed sales force down 225 heads, full-time headcount down 360 year-over-year; sales per rep per day improved high-teens year-over-year, and the company is targeting improved sales per total headcount.
Vending & In-Plant Expansion
Vending machines installed up 7% YoY to ~30,800; in-plant programs up 7% YoY to 426. Average daily sales through vending up 15% YoY and represented ~20% of net sales; in-plant sales up 16% YoY and represented ~21% of net sales.
Cash Generation and Balance Sheet
Net debt approx. $433 million (~1x EBITDA). Free cash flow conversion above 100% in the quarter and 94% fiscal year-to-date; company reaffirmed updated FY free cash flow conversion target of ~95%. Returned ~$49 million to shareholders in 3Q and ~$160 million YTD (dividends and buybacks).
Commercial Wins and Market Signals
OEM fastener growth >15% in the quarter; average daily sales outpaced the IP Index by ~400 basis points; positive industrial indicators including 5 consecutive months of MBI >50; awarded Verint’s Global Customer award for AI deployment, highlighting progress on AI and automation.
MSM Earnings History
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, 2026 | $118.95 | $123.34 | +3.69% |
Apr 01, 2026 | $91.39 | $90.67 | -0.78% |
Jan 07, 2026 | $83.25 | $79.47 | -4.54% |
Oct 23, 2025 | $84.48 | $87.09 | +3.09% |
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 (MSM) report earnings?
Msc Industrial Direct (MSM) is schdueled to report earning on Oct 22, 2026, Before Open (Confirmed).
What is Msc Industrial Direct (MSM) earnings time?
Msc Industrial Direct (MSM) earnings time is at Oct 22, 2026, 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 2026 (Q4) is 1.38.