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SHOCKING: Msc industrial direct co inc org - You Need To See This

3 Quality Stocks to Buy Today

Amid sticky inflation, tight labor market, and economic resilience, another rate hike could be in the offing. The higher interest rates and tighter lending standards could push the economy into a recession. Amid the macroeconomic uncertainty, it could be wise to buy fundamentally strong quality stocks Microsoft (MSFT), Murphy USA…

StockNews.com · Jun 2, 2023

MSC Industrial Direct Clocks 11% Revenue Growth In Q3

MSC Industrial Direct Co Inc (NYSE:MSM) reported third-quarter FY22 sales growth of 10.7% year-over-year to $958.6 million, missing the consensus of $960.52 million. Gross margin expanded 60 bps to 42.9%. Operating income increased 6.4% Y/Y to $136.8 million, and margin contracted by 50 bps to 14.3%, while adjusted operating margin expanded by…

Benzinga · Jun 29, 2022

MSC Industrial Supply Acquires Engman-Taylor To Enhance Position In Metalworking

MSC Industrial Direct Co Inc. (NYSE:MSM) has acquired Engman-Taylor, a Menomonee Falls, Wisconsin-based distributor of metalworking tools and supplies. Financial terms were not disclosed. MSC Industrial expects the acquisition to be roughly neutral to its FY22 earnings and slightly accretive to FY23 earnings. Engman-Taylor will continue to do business under its current…

Benzinga · Jun 3, 2022

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Analysts Bump Up MSC Industrial Direct Price Target Post Q2 Results

MSC Industrial Direct Co Inc (NYSE:MSM) price target has been raised to $93 from $88 by Loop Capital analyst Chris Dankert after the Q2 results. The analyst maintained his Hold rating on the shares. Related: MSC Industrial Direct Q2 Results Surpass Expectations, Clocks 11% Sales Growth The analyst boosted his FY22 EPS view to $6.10 from…

Benzinga · Mar 31, 2022

MSC Industrial Direct Q2 Results Surpass Expectations, Clocks 11% Sales Growth

MSC Industrial Direct Co Inc (NYSE:MSM) reported second-quarter FY22 sales growth of 11.4% year-over-year to $862.5 million, beating the consensus of $855.96 million. Gross margin expanded to 42.5%. Income from operations increased 246.8% Y/Y to $97.2 million, and margin expanded by 770 bps to 11.3%, while adjusted operating margin expanded by 120 bps…

Benzinga · Mar 30, 2022

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