MSC Industrial Direct Co., Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 02, 2024
March 28, 2024 at 06:30 am EDT
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MSC Industrial Direct Co., Inc. reported earnings results for the second quarter and six months ended March 02, 2024. For the second quarter, the company reported sales was USD 935.35 million compared to USD 961.63 million a year ago. Net income was USD 61.85 million compared to USD 79.14 million a year ago. Basic earnings per share from continuing operations was USD 1.1 compared to USD 1.42 a year ago. Diluted earnings per share from continuing operations was USD 1.1 compared to USD 1.41 a year ago.
For the six months, sales was USD 1,889.32 million compared to USD 1,919.38 million a year ago. Net income was USD 131.2 million compared to USD 160.45 million a year ago. Basic earnings per share from continuing operations was USD 2.33 compared to USD 2.87 a year ago. Diluted earnings per share from continuing operations was USD 2.32 compared to USD 2.86 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. 
