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May 29, 2021
MSC Q3 2021 Earnings Report
MSC Industrial's financial performance improved with sales growth and strategic initiatives.
Key Takeaways
MSC Industrial Direct Co. reported a 3.8% increase in net sales to $866.3 million for the fiscal 2021 third quarter. The company's diluted EPS was $1.68, compared to $1.40 in the prior year quarter. The company also reported operating income of $128.6 million.
Net sales increased by 3.8% year-over-year, reaching $866.3 million.
Diluted EPS was reported at $1.68, up from $1.40 in the previous year.
Operating income amounted to $128.6 million, reflecting a $20.8 million loss recovery.
Gross margin sequentially increased to 42.3 percent.
Forward Guidance
MSC Industrial is gaining steam internally and their end markets are strengthening. Strong execution on Mission Critical initiatives will further support share capture programs and deliver additional savings over the next two years and beyond.
Positive Outlook
- Gaining steam internally.
- End markets are strengthening.
- Strong execution on Mission Critical initiatives will further support share capture programs.
- Additional savings expected over the next two years and beyond.
- Remain on-track to achieve goals of growing sales 400 basis points above the Industrial Production Index and returning ROIC to the high teens by the end of fiscal 2023.
Challenges Ahead
- Impact of COVID-19 pandemic on sales, operations, and supply chain.
- General economic conditions in the markets.
- Changing customer and product mixes.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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