MSC INDUSTRIAL DIRECT Reports Record Revenue and Net Income for FY2023 Q1

January 19, 2023

Earnings report

MSC INDUSTRIAL DIRECT ($BER:98M) is a leading industrial distributor that stocks and supplies a broad range of products, including cutting tools, abrasives, fasteners, power and hand tools, safety and janitorial supplies, and more. On January 5 2023, MSC INDUSTRIAL DIRECT reported its earnings results for FY2023 Q1 as of November 30 2022. The company achieved a total revenue of USD 81.3 million, a 23.1% year-over-year increase compared to the same quarter of the previous year. Net income also saw an impressive increase of 12.9%, amounting to USD 957.7 million. This quarter’s results demonstrate the company’s impressive ability to adapt to changing market conditions and customer demands.

The company’s success can be attributed to its ability to invest in technology and digital capabilities that have enabled it to remain competitive in an increasingly challenging market. These investments have enabled MSC INDUSTRIAL DIRECT to expand its customer base and increase its presence across geographic regions. The success of MSC INDUSTRIAL DIRECT in FY2023 Q1 is encouraging news for shareholders and analysts alike. The company’s strong performance indicates that it is well-positioned for future growth, and is likely to remain a leader in its industry for the foreseeable future.

Stock Price

MSC Industrial Direct Co., Inc. reported its financial results for the first quarter of fiscal year 2023 on Thursday. The stock opened at €76.7 and closed at €73.6, down by 3.8% from prior closing price of 76.5. The company’s president and CEO, Erik Gershwind, said that the company’s strong performance in the quarter was driven by its strategic initiatives, which included investments in technology and e-commerce capabilities, increased focus on customer service, and further development of its product portfolio. He also noted that they continued to realize the benefits of their operating model transformation, which is designed to enable them to quickly respond to customer needs and market conditions.

Looking ahead, Gershwind said that MSC Industrial Direct will remain focused on driving growth through investments in technology and e-commerce capabilities, and further developing its extensive product portfolio and customer service capabilities. He also said that the company remains committed to providing value to its customers and creating long-term shareholder value. MSC Industrial Direct Co., Inc. is a leading North American distributor of metalworking and maintenance, repair, and operations (MRO) products and services. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for 98M. More…

    Total Revenues Net Income Net Margin
    3.8k 355.03 9.4%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for 98M. More…

    Operations Investing Financing
    264.4 -104.82 -196.3
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for 98M. More…

    Total Assets Total Liabilities Book Value Per Share
    2.75k 1.35k 24.77
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for 98M are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    4.2% 8.6% 13.0%
    FCF Margin ROE ROA
    5.1% 22.5% 11.2%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items

  • VI Analysis

    MSC Industrial Direct Co., Inc. is a company that is worth considering as an investment. With the help of the VI app, understanding the fundamentals of the company is made simple. The VI Risk Rating for MSC Industrial Direct Co., Inc. is medium, which indicates that it is a moderate risk in terms of financial and business aspects. The app has identified two risk warnings in the balance sheet, both of which are non-financial. With the app, investors can easily access this information and determine if it is suitable for their portfolio. In addition to the risk assessment, the VI App also provides other useful metrics such as the company’s financial health and performance, market capitalization, and price-to-earnings ratio. This allows investors to gain insight into the company’s potential and make informed decisions. The VI App also provides a comprehensive analysis of the company’s financials, including its assets, liabilities, and equity. This enables investors to evaluate the company’s financial position and understand how well it is performing financially. Overall, the VI App makes it easy to assess the risk factors associated with MSC Industrial Direct Co., Inc., as well as other useful metrics such as its financial performance and market capitalization. This enables investors to make informed decisions about their investments by gaining insight into the company’s potential and the risks associated with it. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • Summary

    MSC Industrial Direct, a leading industrial supplies distributor, recently reported its earnings results for the first quarter of FY2023. The company achieved a total revenue of USD 81.3 million, a 23.1% year-over-year increase, and reported net income of USD 957.7 million, a 12.9% year-over-year growth. Despite these impressive results, the stock price moved down the same day. The company’s ability to maintain and grow its customer base despite the difficult market conditions is a positive sign for potential investors.

    In addition, MSC Industrial Direct has been able to expand its product offering and launch new services, which is further evidence of the company’s potential for growth in the future. For investors looking to diversify their portfolios, MSC Industrial Direct presents an attractive opportunity due to its solid financial position and potential for long-term growth. The company’s strong balance sheet, coupled with its ability to consistently generate positive operating cash flows, makes it a robust and reliable investment. Furthermore, the company’s consistent dividend payments provide investors with a steady stream of income. Overall, despite the stock price drop on the day of earnings announcement, MSC Industrial Direct remains a promising investment option due to its strong financials and potential for long-term growth. Investors who are interested in diversifying their portfolios should consider adding this company to their watch list.

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