NYSE: MSM
MSC INDUSTRIAL DIRECT CO INCCIK 0001003078 · SIC 5084 · Wholesale-Industrial Machinery & Equipment
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MSC Industrial names Robert Kuhns as new CFO, effective Sept. 14
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MSC Industrial director Louise Goeser to retire, will not stand for re-election in 2027
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MSC Industrial reports Q3 sales up 7.8% to $1.05B, EPS $1.44 vs $1.02 prior year
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revenue $1.05B, net income $80.4M. MSC Industrial Q3 sales +7.8% on pricing; operating margin recovers to 10.2%
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MSC Industrial declares $0.87 quarterly dividend, payable July 22
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Latest financial statements
From 10-Q filed Jul 1, 2026 (period ending May 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Income (Unaudited)
(In thousands, except per share data)
| Description | Thirteen weeks ended May 30, 2026 | Thirteen weeks ended May 31, 2025 | Thirty-nine weeks ended May 30, 2026 | Thirty-nine weeks ended May 31, 2025 |
|---|---|---|---|---|
| Net sales | 1,047,083 | 971,145 | 2,930,541 | 2,791,346 |
| Cost of goods sold | 616,678 | 573,406 | 1,729,871 | 1,650,190 |
| Gross profit | 430,405 | 397,739 | 1,200,670 | 1,141,156 |
| Operating expenses | 323,660 | 312,324 | 945,570 | 917,465 |
| Restructuring and other costs | — | 2,680 | 7,324 | 6,430 |
| Income from operations | 106,745 | 82,735 | 247,776 | 217,261 |
| Other income (expense): | ||||
| Interest expense | (5,383) | (6,031) | (16,386) | (18,332) |
| Interest income | 156 | 368 | 561 | 942 |
| Other income (expense), net | 2,726 | (1,958) | (4,175) | (12,442) |
| Total other expense | (2,501) | (7,621) | (20,000) | (29,832) |
| Income before provision for income taxes | 104,244 | 75,114 | 227,776 | 187,429 |
| Provision for income taxes | 25,539 | 18,253 | 55,805 | 45,727 |
| Net income | 78,705 | 56,861 | 171,971 | 141,702 |
| Less: Net (loss) income attributable to noncontrolling interest | (1,657) | 16 | (2,679) | (1,080) |
| Net income attributable to MSC Industrial | 80,362 | 56,845 | 174,650 | 142,782 |
| Per share data attributable to MSC Industrial: | ||||
| Net income per common share: | ||||
| Basic | 1.44 | 1.02 | 3.13 | 2.56 |
| Diluted | 1.44 | 1.02 | 3.12 | 2.55 |
| Weighted-average shares used in computing net income per common share: | ||||
| Basic | 55,838 | 55,694 | 55,817 | 55,795 |
| Diluted | 55,990 | 55,765 | 55,955 | 55,895 |
Condensed Consolidated Balance Sheets
(In thousands, except share data)
| Description | May 30, 2026 (Unaudited) | August 30, 2025 |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | 74,094 | 56,228 |
| Accounts receivable, net of allowance for credit losses of $23,884 and $22,365, respectively | 413,258 | 423,306 |
| Inventories | 684,118 | 644,090 |
| Prepaid expenses and other current assets | 105,280 | 102,930 |
| Total current assets | 1,276,750 | 1,226,554 |
| Property, plant and equipment, net | 343,887 | 346,706 |
| Goodwill | 724,075 | 723,702 |
| Identifiable intangibles, net | 73,819 | 85,455 |
| Operating lease assets | 48,148 | 52,464 |
| Other assets | 28,982 | 27,183 |
| Total assets | 2,495,661 | 2,462,064 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Current portion of debt including obligations under finance leases | 417,219 | 316,868 |
| Current portion of operating lease liabilities | 22,500 | 22,236 |
| Accounts payable | 229,418 | 225,150 |
| Accrued expenses and other current liabilities | 155,596 | 165,092 |
| Total current liabilities | 824,733 | 729,346 |
| Long-term debt including obligations under finance leases | 89,555 | 168,831 |
| Noncurrent operating lease liabilities | 26,150 | 30,872 |
| Deferred income taxes and tax uncertainties | 135,802 | 136,513 |
| Total liabilities | 1,076,240 | 1,065,562 |
| Commitments and Contingencies | ||
| Shareholders’ Equity: | ||
| MSC Industrial Shareholders’ Equity: | ||
| Preferred Stock; $0.001 par value; 5,000,000 shares authorized; none issued and outstanding | — | — |
| Class A Common Stock; $0.001 par value; 100,000,000 shares authorized; 57,166,810 and 57,086,377 shares issued, respectively | 57 | 57 |
| Additional paid-in capital | 1,107,522 | 1,093,630 |
| Retained earnings | 451,403 | 432,622 |
| Accumulated other comprehensive loss | (19,528) | (20,736) |
| Class A treasury stock, at cost, 1,320,624 and 1,296,625 shares, respectively | (120,033) | (117,363) |
| Total MSC Industrial shareholders’ equity | 1,419,421 | 1,388,210 |
| Noncontrolling interest | — | 8,292 |
| Total shareholders’ equity | 1,419,421 | 1,396,502 |
| Total liabilities and shareholders’ equity | 2,495,661 | 2,462,064 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
| Description | Thirty-nine weeks ended May 30, 2026 | Thirty-nine weeks ended May 31, 2025 |
|---|---|---|
| Cash Flows from Operating Activities: | ||
| Net income | 171,971 | 141,702 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 75,788 | 67,501 |
| Amortization of cloud computing arrangements | 964 | 1,439 |
| Non-cash operating lease cost | 17,691 | 17,563 |
| Stock-based compensation | 14,423 | 10,397 |
| Loss on disposal of property | 611 | 1,742 |
| Property, plant and equipment asset impairment | 1,890 | — |
| Non-cash changes in fair value of estimated contingent consideration | (696) | 293 |
| Provision for credit losses | 8,054 | 5,699 |
| Expenditures for cloud computing arrangements | (3,896) | (4,430) |
| Deferred income taxes and tax uncertainties | (578) | (726) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 2,959 | (3,806) |
| Inventories | (37,951) | (4,761) |
| Prepaid expenses and other current assets | (357) | (2,335) |
| Operating lease liabilities | (17,834) | (17,700) |
| Other assets | 4 | 62 |
| Accounts payable and accrued liabilities | (7,508) | 40,821 |
| Total adjustments | 53,564 | 111,759 |
| Net cash provided by operating activities | 225,535 | 253,461 |
| Cash Flows from Investing Activities: | ||
| Expenditures for property, plant and equipment | (64,130) | (71,109) |
| Cash used in acquisitions | (240) | (790) |
| Net proceeds from sale of property | 1,057 | 30,336 |
| Net cash used in investing activities | (63,313) | (41,563) |
| Cash Flows from Financing Activities: | ||
| Repurchases of Class A Common Stock | (13,894) | (39,138) |
| Payments of regular cash dividends | (145,752) | (142,252) |
| Proceeds from sale of Class A Common Stock in connection with Associate Stock Purchase Plan | 2,999 | 3,193 |
| Borrowings under credit facilities | 271,000 | 239,250 |
| Payments under credit facilities | (251,000) | (226,750) |
| Purchase of noncontrolling interest | (8,195) | — |
| Other, net | 568 | (3,901) |
| Net cash used in financing activities | (144,274) | (169,598) |
| Effect of foreign exchange rate changes on cash and cash equivalents | (82) | (196) |
| Net increase in cash and cash equivalents | 17,866 | 42,104 |
| Cash and cash equivalents—beginning of period | 56,228 | 29,588 |
| Cash and cash equivalents—end of period | 74,094 | 71,692 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Cash paid for income taxes | 58,763 | 35,402 |
| Cash paid for interest | 16,448 | 18,036 |
Amounts as printed on the EDGAR/iXBRL face — (In thousands, except per share data); (In thousands, except share data); (In thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗