MSC Industrial Direct (MSM)
Market Price (9/5/2026): $121.425 | Market Cap: $6.8 BilSector: Industrials | Industry: Trading Companies & Distributors
MSC Industrial Direct (MSM)
Market Price (9/5/2026): $121.425Market Cap: $6.8 BilSector: IndustrialsIndustry: Trading Companies & Distributors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9%, Dividend Yield is 2.8% Low stock price volatilityVol 12M is 27% Megatrend and thematic driversMegatrends include Automation & Robotics, and E-commerce & DTC Adoption. Themes include Factory Automation, Process / Warehouse Automation, Show more. | Trading close to highsDist 52W High is -4.6%, Dist 3Y High is -4.6% Weak multi-year price returns3Y Excs Rtn is -38% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.5% Key risksMSM key risks include [1] soft demand in its key manufacturing markets leading to declines in net sales and [2] operational inefficiencies and challenges executing strategic initiatives, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.9%, Dividend Yield is 2.8% |
| Low stock price volatilityVol 12M is 27% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, and E-commerce & DTC Adoption. Themes include Factory Automation, Process / Warehouse Automation, Show more. |
| Trading close to highsDist 52W High is -4.6%, Dist 3Y High is -4.6% |
| Weak multi-year price returns3Y Excs Rtn is -38% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.5% |
| Key risksMSM key risks include [1] soft demand in its key manufacturing markets leading to declines in net sales and [2] operational inefficiencies and challenges executing strategic initiatives, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 9/1/2026
MSC Industrial Direct (MSM) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Earnings Beat Exceeding Analyst Expectations.
MSC Industrial Direct reported robust financial results for its fiscal third quarter ended May 30, 2026, which were released on July 1, 2026. The company's net sales reached $1,047.1 million, marking a 7.8% increase year-over-year and surpassing analyst consensus estimates of $1.03 billion. Additionally, adjusted diluted Earnings Per Share (EPS) for the quarter came in at $1.43, a 32.4% increase from the prior fiscal year quarter, significantly beating the analyst consensus estimate of $1.28 by $0.15.
2. Significant Operating Margin Expansion Driven by Operational Efficiency and Pricing.
The company demonstrated enhanced profitability in fiscal Q3 2026, achieving an adjusted operating margin of 10.6%, which expanded by 160 basis points year-over-year, with an incremental operating margin of 32%. This improvement was primarily attributed to effective pricing strategies, disciplined cost management, and the positive impact of its completed sales force optimization initiative, leading to higher sales representative productivity.
Show more
MSC Industrial Direct (MSM) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Earnings Beat Exceeding Analyst Expectations.
MSC Industrial Direct reported robust financial results for its fiscal third quarter ended May 30, 2026, which were released on July 1, 2026. The company's net sales reached $1,047.1 million, marking a 7.8% increase year-over-year and surpassing analyst consensus estimates of $1.03 billion. Additionally, adjusted diluted Earnings Per Share (EPS) for the quarter came in at $1.43, a 32.4% increase from the prior fiscal year quarter, significantly beating the analyst consensus estimate of $1.28 by $0.15.
2. Significant Operating Margin Expansion Driven by Operational Efficiency and Pricing.
The company demonstrated enhanced profitability in fiscal Q3 2026, achieving an adjusted operating margin of 10.6%, which expanded by 160 basis points year-over-year, with an incremental operating margin of 32%. This improvement was primarily attributed to effective pricing strategies, disciplined cost management, and the positive impact of its completed sales force optimization initiative, leading to higher sales representative productivity.
Show more
Updated on 9/1/2026
MSC Industrial Direct (MSM) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Earnings Beat Exceeding Analyst Expectations.
MSC Industrial Direct reported robust financial results for its fiscal third quarter ended May 30, 2026, which were released on July 1, 2026. The company's net sales reached $1,047.1 million, marking a 7.8% increase year-over-year and surpassing analyst consensus estimates of $1.03 billion. Additionally, adjusted diluted Earnings Per Share (EPS) for the quarter came in at $1.43, a 32.4% increase from the prior fiscal year quarter, significantly beating the analyst consensus estimate of $1.28 by $0.15.
2. Significant Operating Margin Expansion Driven by Operational Efficiency and Pricing.
The company demonstrated enhanced profitability in fiscal Q3 2026, achieving an adjusted operating margin of 10.6%, which expanded by 160 basis points year-over-year, with an incremental operating margin of 32%. This improvement was primarily attributed to effective pricing strategies, disciplined cost management, and the positive impact of its completed sales force optimization initiative, leading to higher sales representative productivity.
3. Positive Industrial Market Inflection and Strategic Growth Initiatives.
MSC Industrial Direct observed an improving demand environment, with a positive inflection in volume trends beginning in April and continuing through June 2026, signaling early stages of an industrial recovery, particularly within the automotive and manufacturing sectors. The company also reported strong daily sales growth from its digital platforms, including mscdirect.com, and expanded its vending and in-plant solutions footprint. Furthermore, MSC Industrial acquired the remaining interest of Wm. F. Hurst Co., LLC for $8.2 million during the fiscal year up to May 30, 2026, further bolstering its strategic growth.
4. Favorable Analyst Sentiment and Upgraded Price Targets.
Following the strong fiscal Q3 2026 performance, several Wall Street analysts revised their outlooks on MSC Industrial Direct, contributing to positive market sentiment. For example, Weiss Ratings upgraded the stock from a "hold" to a "buy" rating on July 7, 2026, and Rothschild & Co Redburn initiated coverage with a "buy" rating and a $155 price target on July 13, 2026. These positive revisions reflected increased confidence in the company's operational execution and future growth prospects.
Show less
MSC Industrial Direct (MSM) stock has gained about 10% since 5/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Earnings Beat Exceeding Analyst Expectations.
MSC Industrial Direct reported robust financial results for its fiscal third quarter ended May 30, 2026, which were released on July 1, 2026. The company's net sales reached $1,047.1 million, marking a 7.8% increase year-over-year and surpassing analyst consensus estimates of $1.03 billion. Additionally, adjusted diluted Earnings Per Share (EPS) for the quarter came in at $1.43, a 32.4% increase from the prior fiscal year quarter, significantly beating the analyst consensus estimate of $1.28 by $0.15.
2. Significant Operating Margin Expansion Driven by Operational Efficiency and Pricing.
The company demonstrated enhanced profitability in fiscal Q3 2026, achieving an adjusted operating margin of 10.6%, which expanded by 160 basis points year-over-year, with an incremental operating margin of 32%. This improvement was primarily attributed to effective pricing strategies, disciplined cost management, and the positive impact of its completed sales force optimization initiative, leading to higher sales representative productivity.
3. Positive Industrial Market Inflection and Strategic Growth Initiatives.
MSC Industrial Direct observed an improving demand environment, with a positive inflection in volume trends beginning in April and continuing through June 2026, signaling early stages of an industrial recovery, particularly within the automotive and manufacturing sectors. The company also reported strong daily sales growth from its digital platforms, including mscdirect.com, and expanded its vending and in-plant solutions footprint. Furthermore, MSC Industrial acquired the remaining interest of Wm. F. Hurst Co., LLC for $8.2 million during the fiscal year up to May 30, 2026, further bolstering its strategic growth.
4. Favorable Analyst Sentiment and Upgraded Price Targets.
Following the strong fiscal Q3 2026 performance, several Wall Street analysts revised their outlooks on MSC Industrial Direct, contributing to positive market sentiment. For example, Weiss Ratings upgraded the stock from a "hold" to a "buy" rating on July 7, 2026, and Rothschild & Co Redburn initiated coverage with a "buy" rating and a $155 price target on July 13, 2026. These positive revisions reflected increased confidence in the company's operational execution and future growth prospects.
Show less
Holding a concentrated position? Know your true downside before the momentum shifts.
Protect Your Wealth →
Stock Movement Drivers
Fundamental Drivers
The 11.7% change in MSM stock from 5/31/2026 to 9/4/2026 was primarily driven by a 11.7% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9042026 | Change |
|---|---|---|---|
| Stock Price ($) | 108.68 | 121.41 | 11.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,833 | 3,833 | 0.0% |
| Net Income Margin (%) | 5.4% | 5.4% | 0.0% |
| P/E Multiple | 29.2 | 32.6 | 11.7% |
| Shares Outstanding (Mil) | 56 | 56 | 0.0% |
| Cumulative Contribution | 11.7% |
Market Drivers
5/31/2026 to 9/4/2026| Return | Correlation | |
|---|---|---|
| MSM | 11.7% | |
| Market (SPY) | 1.8% | 28.0% |
| Sector (XLI) | 1.2% | 45.4% |
Fundamental Drivers
The 31.6% change in MSM stock from 2/28/2026 to 9/4/2026 was primarily driven by a 29.6% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 9042026 | Change |
|---|---|---|---|
| Stock Price ($) | 92.27 | 121.41 | 31.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,807 | 3,833 | 0.7% |
| Net Income Margin (%) | 5.4% | 5.4% | 0.9% |
| P/E Multiple | 25.2 | 32.6 | 29.6% |
| Shares Outstanding (Mil) | 56 | 56 | 0.0% |
| Cumulative Contribution | 31.6% |
Market Drivers
2/28/2026 to 9/4/2026| Return | Correlation | |
|---|---|---|
| MSM | 31.6% | |
| Market (SPY) | 12.6% | 39.3% |
| Sector (XLI) | -0.8% | 53.3% |
Fundamental Drivers
The 39.6% change in MSM stock from 8/31/2025 to 9/4/2026 was primarily driven by a 33.7% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 9042026 | Change |
|---|---|---|---|
| Stock Price ($) | 86.94 | 121.41 | 39.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,744 | 3,833 | 2.4% |
| Net Income Margin (%) | 5.3% | 5.4% | 2.2% |
| P/E Multiple | 24.4 | 32.6 | 33.7% |
| Shares Outstanding (Mil) | 56 | 56 | -0.2% |
| Cumulative Contribution | 39.6% |
Market Drivers
8/31/2025 to 9/4/2026| Return | Correlation | |
|---|---|---|
| MSM | 39.6% | |
| Market (SPY) | 20.4% | 31.7% |
| Sector (XLI) | 16.5% | 52.0% |
Fundamental Drivers
The 33.5% change in MSM stock from 8/31/2023 to 9/4/2026 was primarily driven by a 130.6% change in the company's P/E Multiple.| (LTM values as of) | 8312023 | 9042026 | Change |
|---|---|---|---|
| Stock Price ($) | 90.95 | 121.41 | 33.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,996 | 3,833 | -4.1% |
| Net Income Margin (%) | 9.0% | 5.4% | -39.8% |
| P/E Multiple | 14.1 | 32.6 | 130.6% |
| Shares Outstanding (Mil) | 56 | 56 | 0.3% |
| Cumulative Contribution | 33.5% |
Market Drivers
8/31/2023 to 9/4/2026| Return | Correlation | |
|---|---|---|
| MSM | 33.5% | |
| Market (SPY) | 77.1% | 46.3% |
| Sector (XLI) | 68.7% | 62.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MSM Return | 3% | 1% | 29% | -23% | 17% | 44% | 73% |
| Peers Return | 26% | -5% | 44% | 38% | 15% | 37% | 277% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| MSM Win Rate | 58% | 42% | 67% | 33% | 58% | 67% | |
| Peers Win Rate | 62% | 43% | 60% | 63% | 53% | 67% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| MSM Max Drawdown | -17% | -17% | -13% | -27% | -16% | -10% | |
| Peers Max Drawdown | -22% | -28% | -17% | -24% | -25% | -15% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GWW, FAST, AIT, DXPE, GIC. See MSM Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/4/2026 (YTD)
How Low Can It Go
| Event | MSM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.2% | -18.8% |
| % Gain to Breakeven | 17.9% | 23.1% |
| Time to Breakeven | 42 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -11.8% | -24.5% |
| % Gain to Breakeven | 13.4% | 32.4% |
| Time to Breakeven | 32 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -34.3% | -33.7% |
| % Gain to Breakeven | 52.1% | 50.9% |
| Time to Breakeven | 65 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -16.0% | -19.2% |
| % Gain to Breakeven | 19.1% | 23.8% |
| Time to Breakeven | 680 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.7% | -12.2% |
| % Gain to Breakeven | 29.3% | 13.9% |
| Time to Breakeven | 75 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -34.9% | -6.8% |
| % Gain to Breakeven | 53.6% | 7.3% |
| Time to Breakeven | 329 days | 15 days |
In The Past
MSC Industrial Direct's stock fell -15.2% during the 2025 US Tariff Shock. Such a loss loss requires a 17.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | MSM | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -34.3% | -33.7% |
| % Gain to Breakeven | 52.1% | 50.9% |
| Time to Breakeven | 65 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -22.7% | -12.2% |
| % Gain to Breakeven | 29.3% | 13.9% |
| Time to Breakeven | 75 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -34.9% | -6.8% |
| % Gain to Breakeven | 53.6% | 7.3% |
| Time to Breakeven | 329 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -24.6% | -17.9% |
| % Gain to Breakeven | 32.6% | 21.8% |
| Time to Breakeven | 74 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -33.8% | -53.4% |
| % Gain to Breakeven | 51.0% | 114.4% |
| Time to Breakeven | 59 days | 1085 days |
In The Past
MSC Industrial Direct's stock fell -15.2% during the 2025 US Tariff Shock. Such a loss loss requires a 17.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About MSC Industrial Direct (MSM)
MSC Industrial Direct Co., Inc. (MSM) is a prominent distributor of industrial products and services, specializing in metalworking and Maintenance, Repair, and Operations (MRO) supplies. The company serves as a vital supply chain partner for manufacturing and industrial businesses across the United States, Canada, Mexico, and the United Kingdom, providing essential items needed to keep operations running.
The company offers an extensive inventory of approximately 1.9 million stock-keeping units (SKUs). Its comprehensive product range includes cutting tools, measuring instruments, tooling components, various metalworking products, fasteners, abrasives, machinery, hand and power tools, safety and janitorial supplies, plumbing, electrical, and material handling products. MSC distributes these items through a multi-channel approach, leveraging its e-commerce website (mscdirect.com), catalogs, call centers, and a wide network of branch offices and customer fulfillment centers, often enhanced by inventory management solutions for clients.
MSC Industrial Direct's primary customer base is highly diverse, encompassing a broad spectrum of the manufacturing industry and government entities. It serves clients ranging from individual machine shops and small manufacturers to large Fortune 1000 manufacturing corporations and various government agencies, ensuring they have access to the critical supplies necessary for their day-to-day operations and specialized projects.
AI Analysis | Feedback
Here are 1-3 brief analogies for MSC Industrial Direct:
- Amazon for industrial parts and supplies.
- The Home Depot for businesses and manufacturers.
- Grainger for machine shops and maintenance teams.
AI Analysis | Feedback
- Cutting Tools: Tools used for shaping or removing material from workpieces.
- Measuring Instruments: Devices used to determine the dimensions, quantity, or capacity of something.
- Tooling Components: Parts that make up tools or fixtures for manufacturing processes.
- Metalworking Products: A broad category encompassing various items used in the process of working with metals.
- Fasteners: Hardware devices that mechanically join or affix two or more objects together.
- Flat Stock Products: Sheets or plates of raw materials.
- Raw Materials: Unprocessed or minimally processed substances used in manufacturing.
- Abrasives: Materials used for grinding, polishing, or cleaning surfaces.
- Machinery Hand and Power Tools: Manual and electrically/pneumatically powered devices used for construction, repair, or fabrication.
- Safety and Janitorial Supplies: Products essential for workplace safety and maintaining cleanliness.
- Plumbing Supplies: Materials and components used in the installation and repair of water and drainage systems.
- Materials Handling Products: Equipment and systems used for moving, storing, protecting, and controlling materials.
- Power Transmission Components: Mechanical parts that transmit power from a prime mover to a driven machine.
- Electrical Supplies: Components and equipment used in electrical systems and installations.
- Inventory Management Solutions: Services designed to help customers efficiently manage their stock of MRO products.
AI Analysis | Feedback
```html
MSC Industrial Direct (MSM) primarily sells to other companies and government agencies. Based on the company description, its major customer categories include:
- Individual machine shops: These are typically smaller, specialized businesses in the manufacturing sector.
- Fortune 1000 manufacturing companies: Large, established manufacturing enterprises across various industries.
- Government agencies: Various federal, state, and local government entities.
- Manufacturers of various sizes: This broad category encompasses a wide range of manufacturing businesses, from small to large, including those not specifically identified as individual machine shops or Fortune 1000 companies.
The company serves a diverse and fragmented customer base, and specific named customer companies (with symbols) are not disclosed in the provided information.
```AI Analysis | Feedback
null
AI Analysis | Feedback
Martina McIsaac, President & Chief Executive Officer
Martina McIsaac assumed the role of President and Chief Executive Officer of MSC Industrial Direct Co., Inc. on January 1, 2026. Prior to her appointment at MSC, Ms. McIsaac served as the Region Head and Chief Executive Officer of Hilti, Inc.
Greg Clark, Interim Chief Financial Officer
Greg Clark serves as the Interim Chief Financial Officer for MSC Industrial Direct Co., Inc. He also holds the position of Vice President of Finance and Corporate Controller. Mr. Clark is a long-standing veteran of the company, having been with MSC for 22 years, and previously served as interim CFO in 2020.
Erik Gershwind, Non-Executive Vice Chair of the Board
Erik Gershwind became the Non-Executive Vice Chair of the Board on January 1, 2026. He previously held the positions of President and Chief Executive Officer of MSC Industrial Supply Co. from 2013 until January 1, 2026. Mr. Gershwind is the grandson of MSC's founder, Sidney Jacobson, and has been with the company since 1996, progressing through various leadership roles including sales, product management, marketing, and eCommerce. He was instrumental in establishing MSC's internet business in 1999. Mr. Gershwind is a graduate of the Wharton School of Business at the University of Pennsylvania and Harvard Law School.
John Reichelt, Senior Vice President and Chief Information Officer
John Reichelt serves as the Senior Vice President and Chief Information Officer at MSC Industrial Direct Co., Inc.
Neal Dongre, Senior Vice President, General Counsel and Corporate Secretary
Neal Dongre holds the title of Senior Vice President, General Counsel and Corporate Secretary for MSC Industrial Direct Co., Inc.
AI Analysis | Feedback
Here are the key risks to MSC Industrial Direct (MSM):
- Macroeconomic Softness and Demand Uncertainty: MSC Industrial Direct faces significant risk from the continuation or deepening of soft demand environments across key manufacturing end markets. Industrial production readings continue to contract, impacting the company's performance, particularly in sectors such as automotive, heavy truck, primary metals, fabricated metals, and machinery and equipment. Hesitancy among customers due to factors like tariff uncertainty, potential inflation, and high interest rates contributes to this demand volatility and uncertainty.
- Competitive Landscape and Pricing Pressure: The company operates in a highly competitive and fragmented industrial supply sector, facing competition from national, regional, local, and online distributors. This competitive environment can lead to pricing pressures, especially as larger companies may gain advantages through economies of scale.
- Tariff Uncertainty and Trade Policies: MSC Industrial Direct is exposed to risks associated with changes in trade policies and tariffs. New tariffs, particularly on components from countries like China, can increase product costs and affect market access, introducing cost volatility for the company.
AI Analysis | Feedback
The clear emerging threat for MSC Industrial Direct is the aggressive expansion of large e-commerce platforms, particularly Amazon Business, into the B2B industrial supply and MRO distribution market. These platforms offer a vast array of products, competitive pricing, sophisticated logistics, and a highly convenient purchasing experience, directly challenging MSC's established distribution model, e-commerce channels, and inventory management solutions. As more businesses shift their procurement to these large online marketplaces, MSC faces significant pressure on its market share, pricing power, and customer relationships.
AI Analysis | Feedback
MSC Industrial Direct (symbol: MSM) operates in the significant markets of metalworking and maintenance, repair, and operations (MRO) products and services across North America and the United Kingdom.
The addressable markets for MSC Industrial Direct's main products and services are as follows:
Maintenance, Repair, and Operations (MRO) Products and Services
- Global: The global MRO distribution market was estimated at approximately USD 691.90 billion in 2025 and is projected to reach around USD 887.11 billion by 2034.
- North America: The North America MRO distribution market is anticipated to reach USD 188.48 billion by 2030, growing at a compound annual growth rate (CAGR) of 2.6% from 2025 to 2030. Additionally, the North American MRO market is expected to grow by USD 29.6 billion with a CAGR of 2.2% between 2024 and 2029.
- United States: The U.S. Maintenance, Repair, and Operations market was valued at USD 93.17 billion in 2025 and is estimated to grow to USD 102.86 billion by 2031, at a CAGR of 1.66% during the forecast period (2026-2031).
- Canada: The Canada maintenance, repair & overhaul distribution market size reached USD 14.67 billion in 2025 and is expected to reach USD 20.82 billion by 2034, exhibiting a CAGR of 3.77% during 2026-2034.
- Mexico: The Mexico maintenance, repair and operations market size reached USD 8.4 billion in 2024 and is expected to reach USD 10.2 billion by 2033, exhibiting a CAGR of 1.90% during 2025-2033.
- United Kingdom: The UK Aircraft Maintenance, Repair & Overhaul (MRO) Market is projected to grow from USD 45.2 billion in 2025 to USD 78.6 billion by 2032, registering a CAGR of 8.0% during the forecast period.
Metalworking Products and Services
- Global: The global metalworking market was valued at USD 12.02 billion in 2023 and is projected to reach USD 15.43 billion by 2032. The global metalworking fluids market was valued at USD 13.6 billion in 2025 and is expected to grow to USD 25.7 billion by 2035.
- United States: The U.S. metalworking machinery manufacturing industry had a market value of USD 33.8 billion in 2024. The U.S. metalworking machinery industry was valued at USD 14.7 billion in 2024 and is projected to surpass USD 21.4 billion by 2032.
- North America (Fabricated Metal Products): The North American metal fabrication market is estimated at USD 71.36 billion in 2026, growing from USD 68.22 billion in 2025, with projections showing USD 89.34 billion by 2031.
- Canada (Metalworking Machinery Manufacturing): The market size of the Metalworking Machinery Manufacturing in Canada is $6.7 billion in 2026. The Canada Metal Fabrication Equipment Market is expected to grow from USD 1.09 billion in 2025 to USD 1.15 billion in 2026 and is forecast to reach USD 1.47 billion by 2031 at a 5.06% CAGR over 2026-2031.
- Mexico (Metalworking): The Mexico metal fabrication market size reached USD 1,102.50 million in 2024 and is projected to reach USD 1,558.37 million by 2033. The Mexico metal cutting machine tools market was valued at USD 1617.14 million in 2025 and is expected to reach USD 2511.37 million by 2035. The Mexico metal cutting tools market size reached USD 78.8 million in 2025 and is expected to reach USD 125.1 million by 2034.
- United Kingdom (Metal Fabrication): The UK Metal Fabrication Market was valued at USD 8.65 billion in 2024 and is projected to reach USD 13.72 billion by 2031.
AI Analysis | Feedback
```html
```
MSC Industrial Direct (MSM) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives and market factors:
- Strategic Price Increases: The company continues to implement price increases, particularly within its metalworking segment. For example, in the first quarter of fiscal year 2026, sales growth was notably influenced by a 4.2% price increase, contributing to a 4% year-over-year sales increase. MSC Industrial Direct anticipates continued benefits from price realization, supporting its target of approximately 20% adjusted incremental operating margins for the full fiscal year under a mid-single-digit growth scenario.
- Growth and Re-engagement with Core Customers: A key focus for MSC Industrial Direct is to reconnect and expand its relationships with core customers. In the first quarter of fiscal year 2026, core customer growth was up 6% year-over-year, surpassing the overall company sales growth for two consecutive quarters. This growth is being supported by enhanced e-commerce marketing and sales optimization efforts, and the company expects this segment to outperform others in the coming two to three years due to higher margins and lower support costs.
- Expansion of High-Touch Solutions (Vending and Implant Programs): MSC Industrial Direct is actively expanding its high-touch solutions, which include industrial vending and implant programs. In Q1 FY2026, the installed vending machine base increased by 9% year-over-year, and daily sales from implant program customers grew by 13%, both exceeding the company's total sales growth. These solutions, critical for inventory management and operational efficiency for customers, are expected to provide incremental growth.
- E-commerce Enhancements and Digital Transformation: The company is making significant investments in its e-commerce platform, mscdirect.com, which already accounts for over 60% of its revenue. Planned upgrades for fiscal year 2025 aim to improve the user experience and bolster marketing efforts. This ongoing digital transformation is a key element of MSC Industrial Direct's growth strategy.
- Strategic Acquisitions ("Bolt-on M&A"): MSC Industrial Direct is pursuing a "bolt-on M&A" strategy to strategically expand its geographic footprint and acquire specialized capabilities. For instance, in 2024, the company completed three acquisitions, including ApTex, Premier Tool Grinding, and KAR Industrial Inc., which specifically enhanced its metalworking presence in Canada. These targeted acquisitions are designed to access new customer segments and deepen expertise.
AI Analysis | Feedback
Share Repurchases
- MSC Industrial Direct authorized a share repurchase program on October 20, 2021. Since this authorization, the company completed repurchases of 3,686,577 shares, totaling US$332.57 million, which represented 6.6% of its shares.
- In fiscal year 2025, MSC Industrial Direct returned approximately $229 million to shareholders through dividends and share repurchases, including the repurchase of approximately 496,000 shares.
- During the first quarter of fiscal year 2025 (ended November 30, 2025), the company repurchased 100,000 shares for US$8.59 million.
Share Issuance
- While there are minor fluctuations, the number of shares outstanding has remained relatively stable, with a slight decline of 0.97% in 2025 from 2024, after small increases in 2024 and 2023.
Outbound Investments
- MSC Industrial Direct has engaged in recent acquisitions which contributed to net sales and influenced gross margin and operating expenses in fiscal year 2025.
Capital Expenditures
- For the full fiscal year 2025, MSC Industrial Direct anticipated capital expenditures (including cloud computing) to be in the range of $100 million to $110 million.
- The company's capital expenditures in fiscal Q1 2025 were $20 million, and in fiscal Q2 2025, they were $30 million.
- These investments are primarily focused on digital initiatives, advanced analytics, digital upgrades, and expanding its solutions footprint, such as vending and implant programs.
Peer Outperformance in Trading Companies & Distributors
MSM has outperformed 67% of its 18 Trading Companies & Distributors peers over 5Y. Trading Companies & Distributors ranks 9th of 23 industries in Industrials by median 5Y return.
Share of Trading Companies & Distributors constituents that MSM has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
84%
of 19 industry peers · 36.0% return
3Y
50%
of 18 industry peers · 39.0% return
5Y
67%
of 18 industry peers · 77.2% return
No Trading Companies & Distributors peer with a comparable growth profile has beaten MSM by more than 20pp over 5Y.
Median price return by industry across the Industrials sector, ranked by 5Y. Trading Companies & Distributors is MSM's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 18.0% | 111.1% | 190.3% | CDNL 2702% · FIX 2049% · STRL 2005% |
| Marine Transportation | 5 | 72.8% | 70.4% | 164.7% | HOS 48321% · MATX 188% · KEX 165% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 14.7% | 63.4% | 115.4% | CAT 322% · ALSN 270% · WAB 223% |
| Aerospace & Defense | 55 | -1.3% | 57.5% | 70.3% | ATI 1074% · FTAI 885% · HWM 739% |
| Passenger Ground Transportation | 3 | -11.4% | 41.2% | 58.1% | UBER 88% · CAR 58% · LYFT -65% |
| Rail Transportation | 7 | 30.7% | 72.2% | 46.1% | FSTR 135% · CSX 65% · UNP 51% |
| Industrial Machinery & Supplies & Components | 71 | 8.8% | 49.3% | 45.1% | CRS 1411% · PSIX 952% · EROC 609% |
| Cargo Ground Transportation | 16 | 35.6% | 5.9% | 35.4% | XPO 258% · R 251% · CVLG 209% |
| Trading Companies & Distributors ← | 19 | 0.7% | 39.0% | 32.8% | DXPE 533% · AIT 289% · WCC 214% |
| Diversified Support Services | 33 | 13.1% | 32.4% | 26.8% | LIME 4173% · TH 371% · WLFC 360% |
| Electrical Components & Equipment | 41 | 19.1% | 51.3% | 21.7% | POWL 2201% · BE 1055% · VRT 900% |
| Building Products | 33 | -9.7% | 7.2% | 19.4% | LMB 575% · GFF 398% · PPIH 300% |
| Research & Consulting Services | 13 | -9.7% | -20.5% | -6.3% | HURN 214% · GRNQ 137% · CRAI 89% |
| Agricultural & Farm Machinery | 17 | 14.0% | -1.4% | -7.2% | BLBD 213% · DE 90% · GENC 59% |
| Industrial Conglomerates | 17 | 10.4% | 15.4% | -8.5% | RCMT 676% · CSW 141% · CSL 80% |
| Environmental & Facilities Services | 29 | -8.8% | 16.4% | -12.0% | CECO 880% · ADUR 558% · NVRI 352% |
| Data Processing & Outsourced Services | 6 | -31.6% | -12.8% | -26.0% | EXLS 49% · BR 11% · G -23% |
| Passenger Airlines | 11 | 3.6% | -1.0% | -26.4% | LTM 2504% · UAL 141% · SKYW 117% |
| Office Services & Supplies | 9 | 12.7% | 23.7% | -30.4% | PBI 186% · TILE 157% · HNI 59% |
| Human Resource & Employment Services | 22 | 5.8% | -18.3% | -35.7% | BBSI 86% · ADP 49% · KFY 31% |
| Air Freight & Logistics | 12 | -6.0% | -22.3% | -39.1% | CHRW 85% · FDX 67% · EXPD 62% |
| Security & Alarm Services | 10 | -33.9% | 5.0% | -45.5% | CIX 137% · MG 96% · NL 53% |
| Airport Services | 3 | -66.4% | -76.9% | -57.6% | JOBY -34% · ASLE -58% · UP -100% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 152.70 |
| Mkt Cap | 9.4 |
| Rev LTM | 4,400 |
| Op Inc LTM | 436 |
| FCF LTM | 338 |
| FCF 3Y Avg | 356 |
| CFO LTM | 393 |
| CFO 3Y Avg | 417 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.6% |
| Rev Chg 3Y Avg | 6.1% |
| Rev Chg Q | 10.4% |
| QoQ Delta Rev Chg LTM | 2.6% |
| Op Inc Chg LTM | 11.9% |
| Op Inc Chg 3Y Avg | 5.5% |
| Op Mgn LTM | 9.9% |
| Op Mgn 3Y Avg | 10.4% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 8.8% |
| CFO/Rev 3Y Avg | 9.8% |
| FCF/Rev LTM | 7.0% |
| FCF/Rev 3Y Avg | 8.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 9.4 |
| P/S | 2.1 |
| P/Op Inc | 21.4 |
| P/EBIT | 22.0 |
| P/E | 31.6 |
| P/CFO | 23.7 |
| Total Yield | 4.1% |
| Dividend Yield | 1.3% |
| FCF Yield 3Y Avg | 5.2% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 1.2% |
| 3M Rtn | 6.2% |
| 6M Rtn | 24.9% |
| 12M Rtn | 26.1% |
| 3Y Rtn | 93.0% |
| 1M Excs Rtn | -2.3% |
| 3M Excs Rtn | 1.7% |
| 6M Excs Rtn | 10.4% |
| 12M Excs Rtn | 7.4% |
| 3Y Excs Rtn | 14.9% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $121.41 | |
| Market Cap ($ Bil) | 6.8 | |
| First Trading Date | 12/15/1995 | |
| Distance from 52W High | -4.6% | |
| 50 Days | 200 Days | |
| DMA Price | $121.94 | $100.71 |
| DMA Trend | up | up |
| Distance from DMA | -0.4% | 20.5% |
| 3M | 1YR | |
| Volatility | 24.8% | 26.9% |
| Downside Capture | 53.43 | 58.16 |
| Upside Capture | 68.84 | 81.66 |
| Correlation (SPY) | 32.8% | 32.3% |
MSM Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.10 | 0.90 | 0.55 | 0.79 | 0.68 | 0.82 |
| Up Beta | 0.50 | 0.47 | -0.48 | 0.47 | 0.48 | 0.91 |
| Down Beta | 2.05 | 1.25 | 0.98 | 0.99 | 0.68 | 0.71 |
| Up Capture | 79% | 75% | 93% | 102% | 80% | 52% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 8 | 18 | 31 | 59 | 126 | 376 |
| Down Capture | 231% | 126% | 57% | 69% | 71% | 95% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 13 | 24 | 33 | 67 | 124 | 373 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MSM | |
|---|---|---|---|---|
| MSM | 36.1% | 26.9% | 1.12 | - |
| Sector ETF (XLI) | 17.0% | 17.1% | 0.75 | 52.0% |
| Equity (SPY) | 19.7% | 12.8% | 1.13 | 31.2% |
| Gold (GLD) | 24.6% | 29.2% | 0.75 | 15.1% |
| Commodities (DBC) | 44.1% | 20.4% | 1.69 | -9.3% |
| Real Estate (VNQ) | 9.1% | 13.6% | 0.39 | 24.8% |
| Bitcoin (BTCUSD) | -26.9% | 43.8% | -0.59 | 0.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MSM | |
|---|---|---|---|---|
| MSM | 11.5% | 25.0% | 0.41 | - |
| Sector ETF (XLI) | 12.4% | 17.6% | 0.54 | 65.8% |
| Equity (SPY) | 12.8% | 17.2% | 0.57 | 52.1% |
| Gold (GLD) | 19.1% | 18.8% | 0.82 | 7.8% |
| Commodities (DBC) | 10.7% | 19.5% | 0.43 | 9.6% |
| Real Estate (VNQ) | 1.7% | 18.9% | -0.01 | 46.7% |
| Bitcoin (BTCUSD) | 10.6% | 52.6% | 0.38 | 15.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MSM | |
|---|---|---|---|---|
| MSM | 10.1% | 26.8% | 0.39 | - |
| Sector ETF (XLI) | 13.4% | 20.0% | 0.59 | 64.6% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 53.3% |
| Gold (GLD) | 12.4% | 16.3% | 0.62 | 2.8% |
| Commodities (DBC) | 7.9% | 18.1% | 0.35 | 18.4% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 43.5% |
| Bitcoin (BTCUSD) | 64.0% | 66.2% | 1.04 | 6.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/19/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/1/2026 | 3.7% | 0.8% | 2.9% |
| 4/1/2026 | -0.8% | 4.6% | 11.9% |
| 1/7/2026 | -4.5% | -0.9% | 13.0% |
| 10/23/2025 | 3.1% | -3.3% | -3.1% |
| 7/1/2025 | 6.2% | 7.7% | 2.8% |
| 4/3/2025 | -5.2% | -4.0% | -0.9% |
| 1/8/2025 | 3.5% | 1.3% | 1.5% |
| 10/24/2024 | -3.8% | 1.5% | 5.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 15 | 20 |
| # Negative | 14 | 10 | 5 |
| Median Positive | 2.4% | 1.9% | 4.7% |
| Median Negative | -2.8% | -2.5% | -3.1% |
| Max Positive | 6.2% | 10.9% | 33.1% |
| Max Negative | -5.5% | -4.7% | -5.5% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/1/2026 | 3.7% | 0.8% | 2.9% |
| 4/1/2026 | -0.8% | 4.6% | 11.9% |
| 1/7/2026 | -4.5% | -0.9% | 13.0% |
| 10/23/2025 | 3.1% | -3.3% | -3.1% |
| 7/1/2025 | 6.2% | 7.7% | 2.8% |
| 4/3/2025 | -5.2% | -4.0% | -0.9% |
| 1/8/2025 | 3.5% | 1.3% | 1.5% |
| 10/24/2024 | -3.8% | 1.5% | 5.1% |
| 7/2/2024 | 2.3% | -2.1% | 14.9% |
| 3/28/2024 | -2.5% | -4.0% | -5.5% |
| 1/9/2024 | -3.1% | 0.3% | 2.4% |
| 10/25/2023 | -3.0% | -0.7% | 4.3% |
| 6/29/2023 | -1.7% | -1.6% | 5.0% |
| 4/4/2023 | -0.9% | 3.0% | 8.6% |
| 1/5/2023 | -5.5% | 0.6% | 10.1% |
| 10/20/2022 | -0.9% | 3.9% | 8.8% |
| 6/29/2022 | 2.4% | 1.1% | 11.1% |
| 3/30/2022 | 3.9% | 1.9% | 3.9% |
| 12/22/2021 | -0.4% | 1.4% | -0.7% |
| 10/20/2021 | -2.4% | -4.7% | 0.3% |
| 7/7/2021 | 0.7% | -0.9% | -4.7% |
| 4/7/2021 | -5.4% | -3.0% | 2.0% |
| 1/6/2021 | 1.2% | 3.8% | 3.5% |
| 10/27/2020 | 2.2% | 10.9% | 33.1% |
| 9/10/2020 | 0.4% | 2.8% | 4.2% |
| SUMMARY STATS | |||
| # Positive | 11 | 15 | 20 |
| # Negative | 14 | 10 | 5 |
| Median Positive | 2.4% | 1.9% | 4.7% |
| Median Negative | -2.8% | -2.5% | -3.1% |
| Max Positive | 6.2% | 10.9% | 33.1% |
| Max Negative | -5.5% | -4.7% | -5.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 02/28/2026 | 04/01/2026 | 10-Q |
| 11/30/2025 | 01/07/2026 | 10-Q |
| 08/31/2025 | 10/23/2025 | 10-K |
| 05/31/2025 | 07/01/2025 | 10-Q |
| 02/28/2025 | 04/03/2025 | 10-Q |
| 11/30/2024 | 01/08/2025 | 10-Q |
| 08/31/2024 | 10/24/2024 | 10-K |
| 05/31/2024 | 07/02/2024 | 10-Q |
| 02/29/2024 | 03/28/2024 | 10-Q |
| 11/30/2023 | 01/09/2024 | 10-Q |
| 08/31/2023 | 10/25/2023 | 10-K |
| 05/31/2023 | 06/29/2023 | 10-Q |
| 02/28/2023 | 04/04/2023 | 10-Q |
| 11/30/2022 | 01/05/2023 | 10-Q |
| 08/31/2022 | 10/20/2022 | 10-K |
| 05/31/2022 | 06/29/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 02/28/2026 | 04/01/2026 | 10-Q |
| 11/30/2025 | 01/07/2026 | 10-Q |
| 08/31/2025 | 10/23/2025 | 10-K |
| 05/31/2025 | 07/01/2025 | 10-Q |
| 02/28/2025 | 04/03/2025 | 10-Q |
| 11/30/2024 | 01/08/2025 | 10-Q |
| 08/31/2024 | 10/24/2024 | 10-K |
| 05/31/2024 | 07/02/2024 | 10-Q |
| 02/29/2024 | 03/28/2024 | 10-Q |
| 11/30/2023 | 01/09/2024 | 10-Q |
| 08/31/2023 | 10/25/2023 | 10-K |
| 05/31/2023 | 06/29/2023 | 10-Q |
| 02/28/2023 | 04/04/2023 | 10-Q |
| 11/30/2022 | 01/05/2023 | 10-Q |
| 08/31/2022 | 10/20/2022 | 10-K |
| 05/31/2022 | 06/29/2022 | 10-Q |
| 02/28/2022 | 03/30/2022 | 10-Q |
| 11/30/2021 | 12/22/2021 | 10-Q |
| 08/31/2021 | 10/20/2021 | 10-K |
| 05/31/2021 | 07/07/2021 | 10-Q |
| 02/28/2021 | 04/07/2021 | 10-Q |
| 11/30/2020 | 01/06/2021 | 10-Q |
| 08/31/2020 | 10/27/2020 | 10-K |
| 05/31/2020 | 07/08/2020 | 10-Q |
| 02/29/2020 | 04/08/2020 | 10-Q |
| 11/30/2019 | 01/08/2020 | 10-Q |
| 08/31/2019 | 10/24/2019 | 10-K |
| 05/31/2019 | 07/10/2019 | 10-Q |
Recent Forward Guidance
Updated 7/12/2026Latest: Q3 2026 Earnings Reported 7/1/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 ADS Growth | Reported | 6.5% | 7.5% | 8.5% | 1.5% | Higher New | Guidance: 6.0% for Q3 2026 | |
| Q4 2026 Adjusted Operating Margin | Reported | 10.0% | 10.4% | 10.8% | 0.4% | Higher New | Guidance: 10.0% for Q3 2026 | |
| 2026 Depreciation and amortization expense | Reported | 100.00 Mil | 2.6% | Raised | Guidance: 97.50 Mil for 2026 | |||
| 2026 Interest and other expense | Reported | 30.00 Mil | -14.3% | Lowered | Guidance: 35.00 Mil for 2026 | |||
| 2026 Tax rate | Reported | 24.5% | 25.0% | 25.5% | 0 | Affirmed | Guidance: 25.0% for 2026 | |
| 2026 Capital expenditures | Reported | 90.00 Mil | -14.3% | Lowered | Guidance: 105.00 Mil for 2026 | |||
| 2026 Free cash flow conversion | Reported | 0.95 | 5.0% | Raised | Guidance: 0.9 for 2026 | |||
Prior: Q2 2026 Earnings Reported 4/1/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 ADS Growth | Reported | 5.0% | 6.0% | 7.0% | ||||
| Q3 2026 Adjusted Operating Margin | Reported | 9.7% | 10.0% | 10.3% | ||||
| 2026 Depreciation and amortization expense | Reported | 95.00 Mil | 97.50 Mil | 100.00 Mil | 0 | Affirmed | Guidance: 97.50 Mil for 2026 | |
| 2026 Interest and other expense | Reported | 35.00 Mil | 0 | Affirmed | Guidance: 35.00 Mil for 2026 | |||
| 2026 Tax rate | Reported | 24.5% | 25.0% | 25.5% | 0 | 0 | Affirmed | Guidance: 25.0% for 2026 |
| 2026 Capital expenditures | Reported | 100.00 Mil | 105.00 Mil | 110.00 Mil | 0 | Affirmed | Guidance: 105.00 Mil for 2026 | |
| 2026 Free cash flow conversion | Reported | 0.9 | 0 | Affirmed | Guidance: 0.9 for 2026 | |||
Q1 2026 Earnings Reported 1/7/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 ADS Growth (YoY) | Reported | 3.5% | 4.5% | 5.5% | ||||
| Q2 2026 Adjusted Operating Margin | Reported | 7.3% | 7.6% | 7.9% | ||||
| 2026 Depreciation and amortization expense | Reported | 95.00 Mil | 97.50 Mil | 100.00 Mil | 0 | Affirmed | Guidance: 97.50 Mil for 2026 | |
| 2026 Interest and other expense | Reported | 35.00 Mil | 0 | Affirmed | Guidance: 35.00 Mil for 2026 | |||
| 2026 Tax rate | Reported | 24.5% | 25.0% | 25.5% | 0 | Affirmed | Guidance: 25.0% for 2026 | |
| 2026 Capital expenditures | Reported | 100.00 Mil | 105.00 Mil | 110.00 Mil | 0 | Affirmed | Guidance: 105.00 Mil for 2026 | |
| 2026 Free cash flow conversion | Reported | 0.9 | 0 | Affirmed | Guidance: 0.9 for 2026 | |||
Q4 2025 Earnings Reported 10/23/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 ADS Growth | Reported | 3.5% | 4.0% | 4.5% | 3.5% | Higher New | Actual: 0.5% for Q4 2025 | |
| Q1 2026 Adjusted Operating Margin | Reported | 8.0% | 8.3% | 8.6% | -0.4% | Lower New | Actual: 8.75% for Q4 2025 | |
| 2026 Depreciation and amortization expense | Reported | 95.00 Mil | 97.50 Mil | 100.00 Mil | 5.4% | Higher New | Actual: 92.50 Mil for 2025 | |
| 2026 Interest and other expense | Reported | 35.00 Mil | -22.2% | Lower New | Actual: 45.00 Mil for 2025 | |||
| 2026 Tax rate | Reported | 24.5% | 25.0% | 25.5% | 0.2% | Higher New | Actual: 24.75% for 2025 | |
| 2026 Capital expenditures | Reported | 100.00 Mil | 105.00 Mil | 110.00 Mil | 0 | Same New | Actual: 105.00 Mil for 2025 | |
| 2026 Free cash flow conversion | Reported | 0.9 | -30.0% | Lower New | Actual: 1.2 for 2025 | |||
Insider Activity
Updated 7/21/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Seseri, Rudina | Direct | Sell | 2022026 | 86.83 | 1,800 | 156,294 | 528,795 | Form | |
| 2 | Peller, Philip | Direct | Buy | 11172025 | 90.14 | 6,666 | 600,873 | 859,665 | Form | |
| 3 | Jacobson, Mitchell | Direct | Buy | 11032025 | 84.43 | 51,954 | 4,386,290 | 194,630,093 | Form | |
| 4 | Jacobson, Mitchell | Direct | Buy | 11032025 | 84.76 | 34,073 | 2,888,167 | 191,004,710 | Form | |
| 5 | Jacobson, Mitchell | Direct | Buy | 11032025 | 84.92 | 95,779 | 8,133,974 | 188,472,296 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Seseri, Rudina | Direct | Sell | 2022026 | 86.83 | 1,800 | 156,294 | 528,795 | Form | |
| 2 | Peller, Philip | Direct | Buy | 11172025 | 90.14 | 6,666 | 600,873 | 859,665 | Form | |
| 3 | Jacobson, Mitchell | Direct | Buy | 11032025 | 84.43 | 51,954 | 4,386,290 | 194,630,093 | Form | |
| 4 | Jacobson, Mitchell | Direct | Buy | 11032025 | 84.76 | 34,073 | 2,888,167 | 191,004,710 | Form | |
| 5 | Jacobson, Mitchell | Direct | Buy | 11032025 | 84.92 | 95,779 | 8,133,974 | 188,472,296 | Form | |
| 6 | Shacklett, Kimberly | SVP, Sales & Customer Success | Direct | Sell | 7112025 | 92.00 | 2,130 | 195,960 | 1,348,444 | Form |
| 7 | Shacklett, Kimberly | SVP, Sales & Customer Success | Direct | Sell | 7102025 | 90.60 | 2,129 | 192,887 | 1,327,924 | Form |
| 8 | Peller, Philip | Direct | Sell | 7072025 | 90.00 | 2,000 | 180,000 | 258,390 | Form | |
| 9 | Gershwind, Erik | Chief Executive Officer | Direct | Sell | 7072025 | 89.39 | 2,000 | 178,779 | 137,385,697 | Form |
Investor Activity (13F)
Updated Sep 5, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
MSC Industrial Direct — Investor Video Playlist
Products & Services
HOW TO Machine Difficult Materials: Tooling & Machining Strategies [Ep. #26]
Leadership
MSC at the Center of Manufacturing: The World According to Martina McIsaac
Products & Services
TOOLING UP: How to Simplify Digital Data Collection | Mitutoyo [S6 ep. #3]
Products & Services
HOW TO Maximize Carbide Efficiency [Ep. #24]
Investor / Analyst
MSC Industrial Direct Company, Inc. (NYSE: MSM) Q3 2025 Earnings | 7/1/2025
Leadership
IMTS+ Creators Lounge 2024: Interview with MSC's Martina McIsaac
Products & Services
Introducing MSC’s New Partnership With Machiningcloud
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Trading Companies & Distributors Resources |
| Modern Distribution Management (MDM) |
| Industrial Distribution |
| Supply Chain Digital |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 9/4/2026