MSM - MSC Industrial Q4: Earnings Beat 1.3% Sales Growth Margin Headwinds & More | Benzinga
MSC Industrial Direct Company, Inc. (NYSE: MSM) reported fourth-quarter FY23 sales growth of 1.3% year-on-year to $1.035 billion, beating the analyst consensus estimate of $1.01 billion.
Gross profit for the quarter decreased 2% to $419.5 million, with the margin shrinking from 41.9% to 40.5%.
Operating income declined 18% to $118.1 million, with the operating margin compressing 270 basis points to 11.4%.
Adjusted EPS of $1.64 Full story available on Benzinga.com