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MSC Industrial: Fiscal Q4 Earnings Snapshot

By AP News - Oct 24, 2024, 06:50 AM ET
Last Updated - Dec 16, 2024, 06:02 PM EST
MSC Industrial: Fiscal Q4 Earnings Snapshot

MELVILLE, N.Y. (AP) — MELVILLE, N.Y. (AP) — MSC Industrial Direct Co. (MSM) on Thursday reported fiscal fourth-quarter profit of $55.7 million.

On a per-share basis, the Melville, New York-based company said it had profit of 99 cents. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, were $1.03 per share.

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The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.

The distributor of industrial tools and supplies posted revenue of $952.3 million in the period, which also missed Street forecasts. Nine analysts surveyed by Zacks expected $959.2 million.

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