MSC Industrial Direct Co., Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 01, 2024
July 02, 2024 at 06:38 am
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MSC Industrial Direct Co., Inc. reported earnings results for the third quarter and nine months ended June 01, 2024. For the third quarter, the company reported sales was USD 979.35 million compared to USD 1,054.46 million a year ago. Sales was USD 979.35 million compared to USD 1,054.46 million a year ago. Net income was USD 71.71 million compared to USD 95.18 million a year ago. Net income was USD 71.71 million compared to USD 95.18 million a year ago. Basic earnings per share from continuing operations was USD 1.28 compared to USD 1.7 a year ago. Basic earnings per share from continuing operations was USD 1.28 compared to USD 1.7 a year ago. Diluted earnings per share from continuing operations was USD 1.27 compared to USD 1.69 a year ago. Diluted earnings per share from continuing operations was USD 1.27 compared to USD 1.69 a year ago.
For the nine months, sales was USD 2,868.67 million compared to USD 2,973.84 million a year ago. Sales was USD 2,868.67 million compared to USD 2,973.84 million a year ago. Net income was USD 202.9 million compared to USD 255.63 million a year ago. Net income was USD 202.9 million compared to USD 255.63 million a year ago. Basic earnings per share from continuing operations was USD 3.6 compared to USD 4.57 a year ago. Basic earnings per share from continuing operations was USD 3.6 compared to USD 4.57 a year ago. Diluted earnings per share from continuing operations was USD 3.59 compared to USD 4.56 a year ago. Diluted earnings per share from continuing operations was USD 3.59 compared to USD 4.56 a year ago.
MSC Industrial Direct Co., Inc. is a North American distributor of a range of metalworking and maintenance, repair and operations (MRO) products and services. Its range of MRO products includes cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies. It serves a range of customers throughout the United States, Canada, Mexico, and the United Kingdom, from individual machine shops to manufacturing companies to government agencies, such as the United States General Services Administration and the United States Department of Defense. It operates a network of six customer fulfillment centers, 10 regional inventory centers and 41 warehouses. The Company's customer fulfillment centers have various locations in the United States.
MSC INDUSTRIAL DIRECT CO., INC. 
