Education
About Us
Working with TipRanks
Follow Us
Msc Industrial Direct Company (MSM)
NYSE:MSM
Earnings Data
Report Date
Apr 08, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.85Last Year’s EPS
0.72Same Quarter Last Year
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced clear operational and financial progress with near-term headwinds. Highlights include 4% ADS growth in Q1 driven primarily by price (420 bps), core customer outperformance (+6%), digital and solutions momentum (web, vending +9%, implants +13%), margin stabilization (gross margin ~40.7%) and improved adjusted EPS (+15%). Management reinforced structural changes (sales/service redesign), capital returns ($62M) and a pathway to ~20% adjusted incremental margins for the year. Lowlights include volume pressure (-30 bps), a material December sequential decline (~20% month-to-month impact around the holidays), public sector weakness tied to the federal shutdown (-5% YoY; ~100 bps headwind), input inflation (notably tungsten exposure ~15% of sales with mid/high-single-digit supplier price moves), and a modest free cash flow start ($7.4M) impacted by working capital. Overall, positive operational momentum and margin discipline appear to outweigh the short-term seasonality, inflationary shocks, and government-related headwinds.Company Guidance
Top-line Growth (Average Daily Sales)
Fiscal Q1 average daily sales (ADS) grew 4% year-over-year, coming in at the midpoint of guidance.
Price Realization
Price contributed ~420 basis points to Q1 growth (4.2%); management expects price in Q2 to be a little north of 5% year-over-year with additional mid-Jan supplier price actions already included in the outlook.
Core and National Account Strength
Core customers' ADS grew ~6% year-over-year; national accounts improved ~3% year-over-year. Core customers have outperformed total company sales for two consecutive quarters.
Digital and Marketing Momentum
Web average daily sales increased mid-single digits year-over-year with improved conversion rates and direct traffic; marketing produced high single-digit improvement in daily sales of uncovered core customers.
Solutions Expansion (Vending and Implants)
Installed vending sales were up ~9% year-over-year and represented ~19% of total sales; implant program daily sales were up ~13% and represented ~20% of total net sales.
Profitability and Margins
Gross margin stabilized at 40.7% (flat YoY). Reported operating margin was 7.9%; adjusted operating margin was 8.4% (vs 8.0% prior year). Adjusted EPS was $0.99 vs $0.86 prior year (≈15% increase).
Incremental Margin Traction and Full-Year Target
Q1 adjusted incremental operating margin was ~18%; company reiterates expectation of ~20% adjusted incremental operating margins for the full fiscal year under a mid-single-digit growth scenario.
Balance Sheet and Capital Allocation
Net debt ~ $491M (~1.2x EBITDA). Returned ~$62M to shareholders in Q1 via dividends and share repurchases. Increased AR securitization capacity by $50M (to $350M) expected to lower cost of funds by >$1M annually.
Operational and Strategic Initiatives
Completed sales territory redesign and began applying optimization to the service model; onboarding of new CEO and SVP of Sales; launching a supplier-designed growth forum (≈1,400 customer-facing attendees) as a growth accelerator.
ESG and Culture
Set a new long-term target to reduce scope 1 and 2 GHG emissions by 15% by 2030; recycled >8,000 pounds of carbide; received multiple employer recognitions.
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 |
|---|---|---|---|
Jan 07, 2026 | $84.06 | $80.24 | -4.54% |
Oct 23, 2025 | $85.30 | $87.94 | +3.09% |
Jul 01, 2025 | $82.54 | $87.69 | +6.23% |
Apr 03, 2025 | $76.03 | $72.08 | -5.20% |
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 Apr 08, 2026, Before Open (Confirmed).
What is Msc Industrial Direct Company (MSM) earnings time?
Msc Industrial Direct Company (MSM) earnings time is at Apr 08, 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 (Q2) is 0.85.