MSC INDUSTRIAL (MSM) issues 'softer' preliminary Q3 results
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MSC INDUSTRIAL SUPPLY CO. PROVIDES PRELIMINARY FISCAL THIRD QUARTER RESULTS AND UPDATES OUTLOOK FOR THE FULL FISCAL YEAR
June 13, 2024 4:30 PM EDTPRELIMINARY FISCAL 2024 Q3 RESULTS
Net sales of approximately $978-$980 million down 7.3%-7.1% YoY and includes a roughly 300 basis point headwind from non-repeating Public Sector orders in the prior yearAverage daily sales up approximately 3% sequentially compared to the fiscal second quarter, which had one less selling dayGAAP Earnings Per Share (EPS) expected to be in the range of $1.26 - $1.28Adjusted EPS* expected to be in the range of $1.32 - $1.34Company to discuss preliminary financial results and drivers of... More