0001003078FALSE00010030782024-01-092024-01-09



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
___________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 9, 2024
___________________________________
MSC INDUSTRIAL DIRECT CO., INC.
(Exact name of registrant as specified in its charter)
___________________________________

New York

1-14130

11-3289165
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer Identification No.)
515 Broadhollow Road, Suite 1000, Melville , New York
11747
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (516) 812-2000

Not Applicable
(Former name or former address, if changed since last report)
___________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Class A Common Stock, par value $0.001 per shareMSMNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company    ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐




Item 2.02. Results of Operations and Financial Condition
On January 9, 2024, MSC Industrial Direct Co., Inc. issued a press release announcing financial results for its fiscal 2024 first quarter ended December 2, 2023. A copy of the press release is furnished with this report as Exhibit 99.1.
The information in this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.

Item 9.01. Financial Statements and Exhibits
(d) Exhibits:

104
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).
2


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


MSC INDUSTRIAL DIRECT CO., INC.
Date:January 9, 2024
By:
/s/ KRISTEN ACTIS-GRANDE
Name:
Kristen Actis-Grande
Title:
Executive Vice President and Chief Financial Officer
3
Exhibit 99.1
imagea.jpg
NEWS


MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 FIRST QUARTER RESULTS

FISCAL 2024 Q1 HIGHLIGHTS

•Net sales of $954.0 million decreased 0.4% YoY, 10 basis points better than the Industrial Production (IP) Index
•Operating income of $101.6 million, or $103.7 million adjusted to exclude share reclassification costs and restructuring and other costs1
•Operating margin of 10.6%, or 10.9% excluding the adjustments described above1
•Diluted EPS of $1.22 vs. $1.45 in the prior fiscal year quarter
•Adjusted diluted EPS of $1.25 vs. $1.48 in the prior fiscal year quarter1

MELVILLE, NY and DAVIDSON, NC, JANUARY 9, 2024 - MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), "MSC," “MSC Industrial” or the "Company," a leading North American distributor of a broad range of metalworking and maintenance, repair and operations (MRO) products and services, today reported financial results for its fiscal 2024 first quarter ended December 2, 2023.

Financial Highlights 2
FY24 Q1FY23 Q1Change
Net Sales$954.0 $957.7 (0.4)%
Income from Operations $101.6 $116.0 (12.4)%
Operating Margin 10.6 %12.1 %
Net Income Attributable to MSC$69.4 $81.3 (14.7)%
Diluted EPS$1.22 
3
$1.45 
3
(15.9)%
 
Adjusted Financial Highlights 2
FY24 Q1FY23 Q1Change
Net Sales$954.0 $957.7 (0.4)%
Adjusted Income from Operations 1
$103.7 $118.3 (12.3)%
Adjusted Operating Margin 1
10.9 %12.3 %
Adjusted Net Income Attributable to MSC 1
$70.9 $83.0 (14.5)%
Adjusted Diluted EPS 1
$1.25 
3
$1.48 
3
(15.5)%

1 Represents a non-GAAP financial measure. An explanation and a reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure are presented in the schedules accompanying this press release.
2 In millions except percentages and per share data or as otherwise noted.
3 Based on 56.7 million and 56.1 million weighted average diluted shares outstanding for FY24 Q1 and FY23 Q1, respectively.

Erik Gershwind, President and Chief Executive Officer, said, “Our fiscal first quarter results reflect strong execution in a challenging environment. Our team remained focused on executing against the pillars of our updated strategy. This focus resulted in 35% growth in the installed base of In-Plant programs, double-digit growth in the installed base of vending units, high single-digit growth in other important areas such as the Public Sector, and continued productivity savings. Our team’s ability to stay nimble and focus on profitable execution gives me confidence as we progress throughout fiscal 2024.”

Kristen Actis-Grande, Executive Vice President and Chief Financial Officer, added, “Average daily sales declined 0.4% year-over-year, slightly better than the Industrial Production Index, as a result of softening demand through the quarter. Though sales fell short of our expectations, I am encouraged by our strong start in gross margin performance, which stems from the operating improvements we have implemented over the last few quarters. This performance, combined with strong working capital management, resulted in favorable cash generation that allowed us to complete the repurchase of the dilution from our share reclassification in the first quarter.”

Gershwind concluded, “Looking ahead, despite a slower start to the fiscal year, I am encouraged as we continue building our market position, introducing strategic investments centered on reaccelerating our core customer base and implementing operational initiatives to drive productivity and expand margins. Together, this positions us to achieve our annual revenue growth and adjusted operating margin ranges in fiscal 2024.”



MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 FIRST QUARTER RESULTS
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Balance Sheet, Liquidity and Capital Allocation
a.Strong balance sheet metrics and ample cash and liquidity
b.Strong cash flow generation expected to continue in fiscal 2024
c.Completed repurchase of dilution related to share reclassification
d.Near-term priorities include organic investment, returns to shareholders and strategic tuck-in acquisitions


Fiscal 2024 Full Year Financial Outlook Maintained
ADS Growth (YoY)0% - 5%
Adjusted Operating Margin1
12.0% - 12.8%
Depreciation and Amortization Expense$85M - $95M
Interest and Other Expense$40M - $50M
Operating Cash Flow Conversion2
>125%
Tax Rate25.0% - 25.5%
•Sales outlook assumes 160 basis point headwind from non-repeating Public Sector sales
•Assumes market headwinds related to the UAW strike alleviate in early second quarter of fiscal 2024
•Same number of selling days YoY

(1) Guidance provided is a non-GAAP figure presented on an adjusted basis. For further details see the Non-GAAP financial measures information presented in the schedules of this press release.
(2) The Company defines Operating Cash Flow Conversion as Net cash provided by operating activities as a percentage of Net income. The Company’s management uses Operating Cash Flow Conversion to evaluate the Company’s operating performance, in particular how efficiently the Company turns its sales and profits into cash, and to assess the efficiency of the Company’s use of working capital. The Company believes Operating Cash Flow Conversion is useful to investors for the foregoing reasons and as a measure of the rate at which the Company converts its net income reported in accordance with GAAP to cash inflows, which helps investors assess whether the Company is generating sufficient cash flow to provide an adequate return.


Conference Call Information
MSC will host a conference call today at 8:30 a.m. EST to review the Company’s fiscal 2024 first quarter results. The call, accompanying slides, and other operational statistics may be accessed at: https://investor.mscdirect.com. The conference call may also be accessed at 1-877-443-5575 (U.S.), 1-855-669-9657 (Canada) or 1-412-902-6618 (international).

An online archive of the broadcast will be available until January 16, 2024. The Company’s reporting date for its fiscal 2024 second quarter is scheduled for March 28, 2024.

Contact Information
Investors:Media:
Ryan Mills, CFA
Zivanai Mutize
Head of Investor RelationsHead of Corporate Communications
rmills@mscdirect.comzivanai.mutize@mscdirect.com

About MSC Industrial Supply Co.
MSC Industrial Supply Co. (NYSE:MSM) is a leading North American distributor of a broad range of metalworking and maintenance, repair and operations (MRO) products and services. We help our customers drive greater productivity, profitability and growth with approximately 2.4 million products, inventory management and other supply chain solutions, and deep expertise from more than 80 years of working with customers across industries. Our experienced team of more than 7,000 associates works with our customers to help drive results for their businesses - from keeping operations running efficiently today to continuously rethinking, retooling and optimizing for a more productive tomorrow. For more information on MSC Industrial, please visit mscdirect.com.

Cautionary Note Regarding Forward-Looking Statements
Statements in this press release may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. All statements, other than statements of present or historical fact, that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including statements about results of operations and financial condition, expected future results, expected benefits from our investment and strategic plans and other initiatives, and expected future growth, profitability and return on invested capital, are forward-looking statements. The words “will,” “may,” “believes,” “anticipates,” “thinks,” “expects,” “estimates,” “plans,” “intends” and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. In addition, statements which refer to expectations, projections or other characterizations of future events or circumstances, statements involving a discussion of strategy, plans or intentions, statements about management’s assumptions, projections or predictions of future events or market outlook and any other statement other than a statement of present or historical fact are forward-looking statements. The inclusion of any statement in this press release does not constitute an admission by MSC or any other person that the events or circumstances described in such

MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 FIRST QUARTER RESULTS
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statement are material. In addition, new risks may emerge from time to time and it is not possible for management to predict such risks or to assess the impact of such risks on our business or financial results. Accordingly, future results may differ materially from historical results or from those discussed or implied by these forward-looking statements. Given these risks and uncertainties, the reader should not place undue reliance on these forward-looking statements. These risks and uncertainties include, but are not limited to, the following: general economic conditions in the markets in which we operate; changing customer and product mixes; volatility in commodity and energy prices, the impact of prolonged periods of low, high or rapid inflation, and fluctuations in interest rates; competition, including the adoption by competitors of aggressive pricing strategies or sales methods; industry consolidation and other changes in the industrial distribution sector; our ability to realize the expected benefits from our investment and strategic plans; our ability to realize the expected cost savings and benefits from our restructuring activities and structural cost reductions; the retention of key management personnel; the credit risk of our customers; higher inflation and fluctuations in interest rates; the risk of customer cancellation or rescheduling of orders; difficulties in calibrating customer demand for our products, which could cause an inability to sell excess products ordered from manufacturers resulting in inventory write-downs or could conversely cause inventory shortages of such products; work stoppages, labor shortages or other disruptions, including those due to extreme weather conditions, at transportation centers, shipping ports, our headquarters or our customer fulfillment centers; disruptions or breaches of our information technology systems or violations of data privacy laws; our ability to attract, train and retain qualified sales and customer service personnel and metalworking and specialty sales specialists; the risk of loss of key suppliers or contractors or key brands or supply chain disruptions; changes to governmental trade or sanctions policies, including the impact from significant import restrictions or tariffs or moratoriums on economic activity with certain countries or regions; risks related to opening or expanding our customer fulfillment centers; our ability to estimate the cost of healthcare claims incurred under our self-insurance plan; litigation risk due to the nature of our business; risks associated with the integration of acquired businesses or other strategic transactions; financial restrictions on outstanding borrowings; our ability to maintain our credit facilities or incur additional borrowings on terms we deem attractive; the failure to comply with applicable environmental, health and safety laws and regulations and other laws applicable to our business; the outcome of government or regulatory proceedings; goodwill and other indefinite-lived intangible assets recorded as a result of our acquisitions could become impaired; our common stock price may be volatile due to factors outside of our control; the significant influence that our principal shareholders will continue to have over our decisions; and our ability to realize the desired benefits from the share reclassification. Additional information concerning these and other risks is described under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual and Quarterly Reports on Forms 10-K and 10-Q, respectively, and in the other reports and documents that we file with the United States Securities and Exchange Commission. We expressly disclaim any obligation to update any of these forward-looking statements, except to the extent required by applicable law.















































MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 FIRST QUARTER RESULTS
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MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Balance Sheets
(In thousands, except share data)
December 2,
2023		September 2,
2023
ASSETS(Unaudited)
Current Assets:
     Cash and cash equivalents $25,805 $50,052 
     Accounts receivable, net of allowance for credit losses 414,280 435,421 
     Inventories709,362 726,521 
     Prepaid expenses and other current assets 121,519 105,519 
          Total current assets1,270,966 1,317,513 
Property, plant and equipment, net322,091 319,660 
Goodwill718,318 718,174 
Identifiable intangibles, net106,890 110,641 
Operating lease assets61,076 65,909 
Other assets14,383 12,237 
          Total assets$2,493,724 $2,544,134 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Current portion of debt including obligations under finance leases$244,048 $229,935 
Current portion of operating lease liabilities20,694 21,168 
Accounts payable 188,976 226,299 
Accrued expenses and other current liabilities 174,140 172,034 
Total current liabilities 627,858 649,436 
Long-term debt including obligations under finance leases294,430 224,391 
Noncurrent operating lease liabilities41,410 45,924 
Deferred income taxes and tax uncertainties 131,801 131,801 
Total liabilities 1,095,499 1,051,552 
Commitments and Contingencies
Shareholders’ Equity:
     Preferred Stock— — 
     Class A Common Stock58 48 
     Class B Common Stock— 9 
     Additional paid-in capital1,052,729 849,502 
     Retained earnings464,962 755,007 
     Accumulated other comprehensive loss(17,277)(17,725)
     Class A treasury stock, at cost(115,399)(107,677)
          Total MSC Industrial shareholders’ equity 1,385,073 1,479,164 
     Noncontrolling interest13,152 13,418 
          Total shareholders’ equity1,398,225 1,492,582 
          Total liabilities and shareholders’ equity$2,493,724 $2,544,134 



MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 FIRST QUARTER RESULTS
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MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Statements of Income
(In thousands, except per share data)
(Unaudited)

Thirteen Weeks Ended
December 2,
2023		December 3,
2022
Net sales $953,969 $957,745 
Cost of goods sold 560,852 559,946 
  Gross profit393,117 397,799 
Operating expenses 290,633 279,695 
Restructuring and other costs 916 2,094 
  Income from operations101,568 116,010 
Other income (expense):
  Interest expense(5,320)(6,919)
  Interest income125 100 
  Other expense, net(5,055)(1,340)
Total other expense (10,250)(8,159)
  Income before provision for income taxes91,318 107,851 
Provision for income taxes 22,190 26,639 
  Net income69,128 81,212 
Less: Net loss attributable to noncontrolling interest(222)(102)
  Net income attributable to MSC Industrial$69,350 $81,314 
Per share data attributable to MSC Industrial:
     Net income per common share:
  Basic$1.23 $1.45 
  Diluted$1.22 $1.45 
     Weighted average shares used in computing
    net income per common share:
  Basic56,42955,891
  Diluted56,72356,081





















MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 FIRST QUARTER RESULTS
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MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Statements of Comprehensive Income
(In thousands)
(Unaudited)

Thirteen Weeks Ended
December 2,
2023		December 3,
2022
Net income, as reported$69,128 $81,212 
Other comprehensive income, net of tax:
     Foreign currency translation adjustments404 1,270 
Comprehensive income 69,532 82,482 
Comprehensive income attributable to noncontrolling interest:
     Net loss222 102 
     Foreign currency translation adjustments44 (335)
Comprehensive income attributable to MSC Industrial$69,798 $82,249 
















































MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 FIRST QUARTER RESULTS
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MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
Thirteen Weeks Ended
December 2,
2023		December 3,
2022
Cash Flows from Operating Activities:
Net income $69,128 $81,212 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 19,782 18,566 
Non-cash operating lease cost5,559 4,872 
Stock-based compensation 5,201 4,990 
Loss on disposal of property, plant and equipment98 229 
Non-cash changes in fair value of estimated contingent consideration220 — 
Provision for credit losses 90 2,673 
Changes in operating assets and liabilities:
Accounts receivable 21,170 56 
Inventories 17,218 (9,516)
Prepaid expenses and other current assets (16,036)(22,764)
Operating lease liabilities(5,717)(4,843)
Other assets (2,132)(508)
Accounts payable and accrued liabilities(33,413)1,057 
Total adjustments 12,040 (5,188)
Net cash provided by operating activities 81,168 76,024 
Cash Flows from Investing Activities:
Expenditures for property, plant and equipment (18,433)(25,504)
Cash used in business acquisitions, net of cash acquired— (87)
Net cash used in investing activities (18,433)(25,591)
Cash Flows from Financing Activities:
Repurchases of Class A Common Stock(132,045)(18,539)
Payments of regular cash dividends (47,192)(44,207)
Proceeds from sale of Class A Common Stock in connection with Associate Stock Purchase Plan 1,144 1,056 
Proceeds from exercise of Class A Common Stock options 6,852 8,336 
Borrowings under credit facilities148,000 84,000 
Payments under credit facilities(65,000)(99,000)
Borrowings under financing obligations1,624 1,061 
Other, net(574)(657)
Net cash used in financing activities (87,191)(67,950)
Effect of foreign exchange rate changes on cash and cash equivalents 209 311 
Net decrease in cash and cash equivalents (24,247)(17,206)
Cash and cash equivalents—beginning of period 50,052 43,537 
Cash and cash equivalents—end of period $25,805 $26,331 
Supplemental Disclosure of Cash Flow Information:
Cash paid for income taxes $5,454 $2,767 
Cash paid for interest $4,882 $5,441 




MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 FIRST QUARTER RESULTS
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Non-GAAP Financial Measures

To supplement MSC’s unaudited selected financial data presented consistent with accounting principles generally accepted in the United States (“GAAP”), the Company discloses certain non-GAAP financial measures, including non-GAAP gross profit, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP operating margin, non-GAAP provision for income taxes, non-GAAP net income and non-GAAP diluted earnings per share, that exclude acquisition-related costs (prior year), share reclassification costs and restructuring and other costs, and tax effects.

These non-GAAP financial measures are not presented in accordance with GAAP or an alternative for GAAP financial measures and may be different from similar non-GAAP financial measures used by other companies. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP financial measures and should only be used to evaluate MSC’s results of operations in conjunction with the corresponding GAAP financial measures.

This press release also includes certain forward-looking information that is not presented in accordance with GAAP. The Company believes that a quantitative reconciliation of such forward-looking information to the most directly comparable financial measure calculated and presented in accordance with GAAP cannot be made available without unreasonable efforts because a reconciliation of these non-GAAP financial measures would require the Company to predict the timing and likelihood of potential future events such as restructurings, M&A activity and other infrequent or unusual gains and losses. Neither the timing or likelihood of these events, nor their probable significance, can be quantified with a reasonable degree of accuracy. Accordingly, a reconciliation of such forward-looking information to the most directly comparable GAAP financial measure is not provided.

•Results Excluding Acquisition-Related Costs (prior year), Share Reclassification Costs and Restructuring and Other Costs

In calculating non-GAAP financial measures, we exclude acquisition-related costs (prior year), share reclassification costs and restructuring and other costs, and tax effects. Management makes these adjustments to facilitate a review of the Company’s operating performance on a comparable basis between periods, for comparison with forecasts and strategic plans, for identifying and analyzing trends in the Company’s underlying business and for benchmarking performance externally against competitors. We believe that investors benefit from seeing results from the perspective of management in addition to seeing results presented in accordance with GAAP for the same reasons and purposes for which management uses such non-GAAP financial measures.








MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 FIRST QUARTER RESULTS
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MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Thirteen Weeks Ended December 2, 2023
(In thousands, except percentages and per share data)
GAAP Financial MeasureItems Affecting ComparabilityNon-GAAP Financial Measure
Total MSC IndustrialRestructuring and Other Costs Share Reclassification Costs Adjusted Total MSC Industrial
Net Sales $953,969 $— $— $953,969 
Cost of Goods Sold560,852 — — 560,852 
Gross Profit393,117 — — 393,117 
Gross Margin41.2 %— %— %41.2 %
Operating Expenses290,633 — 1,187 289,446 
Operating Exp as % of Sales30.5 %— %(0.1)%30.3 %
Restructuring and Other Costs 916 916 — — 
Income from Operations101,568 (916)(1,187)103,671 
Operating Margin10.6 %0.1 %0.1 %10.9 %
Total Other Expense(10,250)— — (10,250)
Income before provision for income taxes91,318 (916)(1,187)93,421 
Provision for income taxes22,190 (223)(288)22,701 
Net income69,128 (693)(899)70,720 
Net loss attributable to noncontrolling interest(222)— — (222)
Net income attributable to MSC Industrial$69,350 $(693)$(899)$70,942 
Net income per common share:
     Diluted$1.22 $(0.01)$(0.02)$1.25 

*Individual amounts may not agree to the total due to rounding.















MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2024 FIRST QUARTER RESULTS
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MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Thirteen Weeks Ended December 3, 2022
(In thousands, except percentages and per share data)
GAAP Financial MeasureItems Affecting ComparabilityNon-GAAP Financial Measure
Total MSC IndustrialRestructuring and Other Costs Acquisition-related Costs Adjusted Total MSC Industrial
Net Sales $957,745 $— $— $957,745 
Cost of Goods Sold559,946 — — 559,946 
Gross Profit397,799 — — 397,799 
Gross Margin41.5 %— %— %41.5 %
Operating Expenses279,695 — 154 279,541 
Operating Exp as % of Sales29.2 %— %0.0 %29.2 %
Restructuring and Other Costs 2,094 2,094 — — 
Income from Operations116,010 (2,094)(154)118,258 
Operating Margin12.1 %-0.2 %0.0 %12.3 %
Total Other Expense(8,159)— — (8,159)
Income before provision for income taxes107,851 (2,094)(154)110,099 
Provision for income taxes26,639 (517)(38)27,194 
     Net income81,212 (1,577)(116)82,905 
     Net income attributable to noncontrolling interest(102)— — (102)
     Net income attributable to MSC Industrial$81,314 $(1,577)$(116)$83,007 
Net income per common share:
     Diluted$1.45 $(0.03)$0.00 $1.48 

*Individual amounts may not agree to the total due to rounding.






v3.23.4
Cover
Jan. 09, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Jan. 09, 2024
Entity Registrant Name MSC INDUSTRIAL DIRECT CO., INC.
Entity Incorporation, State or Country Code NY
Entity File Number 1-14130
Entity Address, Address Line One 515 Broadhollow Road
Entity Address, Address Line Two Suite 1000
Entity Address, City or Town Melville
Entity Address, State or Province NY
City Area Code 516
Local Phone Number 812-2000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A Common Stock, par value $0.001 per share
Trading Symbol MSM
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0001003078
Amendment Flag false
Entity Address, Postal Zip Code 11747
Entity Tax Identification Number 11-3289165
MSC Industrial Direct (NYSE:MSM)
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