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MSM - Why MSC Industrial Shares Are Sinking Today | Benzinga

MSC Industrial Direct Company Inc.

MSC Industrial Direct Co Inc (NYSE: MSM) shares are trading lower after it reported Q1 FY24 results.

Revenue fell 0.4% Y/Y to $954.0 million, missing the analyst consensus estimate of $971.3 million, with average daily sales declining due to softening demand. 

Adjusted operating income declined 12.3% to $103.7 million, with the operating margin compressing to 10.9% from 12.3% a year ago.

Adjusted EPS ...

Full story available on Benzinga.com
Stock Information
Company Name: MSC Industrial Direct Company Inc.
Stock Symbol: MSM
Market: NYSE
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