Form 8-K
8-K — MSC INDUSTRIAL DIRECT CO INC
Accession: 0001003078-26-000059
Filed: 2026-04-01
Period: 2026-04-01
CIK: 0001003078
SIC: 5084 (WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
Documents
8-K — msm-20260401.htm (Primary)
EX-99.1 (pressreleaseq2fy2604012026.htm)
GRAPHIC (imagea.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K
8-K (Primary)
Filename: msm-20260401.htm · Sequence: 1
msm-20260401
0001003078FALSE00010030782026-04-012026-04-01
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): April 1, 2026
___________________________________
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 share
MSM
New 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 April 1, 2026, MSC Industrial Direct Co., Inc. issued a press release announcing financial results for its fiscal 2026 second quarter ended February 28, 2026. 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:
99.1
Press Release, dated April 1, 2026, issued by MSC Industrial Direct Co., Inc.
104
Cover Page Interactive Data File (embedded within the Inline XBRL documents).
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:
April 1, 2026
By:
/s/ GREG CLARK
Name:
Greg Clark
Title:
Vice President and Interim Chief Financial Officer
3
EX-99.1
EX-99.1
Filename: pressreleaseq2fy2604012026.htm · Sequence: 2
Document
Exhibit 99.1
NEWS
MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2026 SECOND QUARTER RESULTS
FISCAL 2026 Q2 HIGHLIGHTS
•Net sales of $917.8 million increased 2.9% YoY
•Operating income of $64.8 million, or $69.1 million on an adjusted basis1
•Operating margin of 7.1%, or 7.5% on an adjusted basis1
•Diluted EPS of $0.76 vs. $0.70 in the prior fiscal year quarter
•Adjusted diluted EPS of $0.82 vs. $0.72 in the prior fiscal year quarter1
MELVILLE, N.Y. and DAVIDSON, N.C. (APRIL 1, 2026) - MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM) (“MSC,” “MSC Industrial,” the “Company,” “we,” “us,” or “our”), 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 2026 second quarter ended February 28, 2026.
Financial Highlights 2
FY26 Q2 FY25 Q2 Change FY26 YTD FY25 YTD Change
Net Sales $ 917.8 $ 891.7 2.9 % $ 1,883.5 $ 1,820.2 3.5 %
Income from Operations $ 64.8 $ 62.2 4.1 % $ 141.0 $ 134.5 4.8 %
Operating Margin 7.1 % 7.0 % 7.5 % 7.4 %
Net Income Attributable to MSC $ 42.5 $ 39.3 8.1 % $ 94.3 $ 85.9 9.7 %
Diluted EPS $ 0.76
3
$ 0.70
4
8.6 % $ 1.69
3
$ 1.54
4
9.7 %
Adjusted Financial Highlights 2
FY26 Q2 FY25 Q2 Change FY26 YTD FY25 YTD Change
Net Sales $ 917.8 $ 891.7 2.9 % $ 1,883.5 $ 1,820.2 3.5 %
Adjusted Income from Operations 1
$ 69.1 $ 63.7 8.5 % $ 150.3 $ 138.3 8.7 %
Adjusted Operating Margin 1
7.5 % 7.1 % 8.0 % 7.6 %
Adjusted Net Income Attributable to MSC 1
$ 45.8 $ 40.4 13.4 % $ 101.3 $ 88.8 14.1 %
Adjusted Diluted EPS 1
$ 0.82
3
$ 0.72
4
13.9 % $ 1.81
3
$ 1.59
4
13.8 %
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 55.9 million weighted-average diluted shares outstanding for FY26 Q2 and FY26 YTD.
4 Based on 55.9 million and 56.0 million weighted-average diluted shares outstanding for FY25 Q2 and FY25 YTD, respectively.
Martina McIsaac, President and Chief Executive Officer, said, “I am encouraged by our performance which resulted in year-over-year operating margin expansion for the second consecutive quarter. While we have not yet seen volumes return to a positive trend, our Core Customer daily sales outperformed total company for the third consecutive quarter, and we expect our volume performance to improve throughout the remainder of the fiscal year.”
Greg Clark, Vice President and Interim Chief Financial Officer, added, “Although sales fell short of expectations, I am encouraged by our operating margin, which improved 10 basis points compared to prior year, or 40 basis points on an adjusted basis to 7.5% and within the range of our outlook. This improvement was supported by gross margin expansion as well as actions that took structural costs out of the business and allowed us to achieve incremental margins of 10% or 21% on an adjusted basis this quarter.”
McIsaac concluded, “Looking ahead, I remain confident in MSC’s ability to execute on our strategic priorities. As we exit the first half of the fiscal year, we expect sales growth and profitability to further strengthen as we leverage our work in sales optimization and productivity. This is reflected in the average daily sales growth of 6% and 10% adjusted operating margin at the midpoint of our outlook for the fiscal third quarter.”
MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2026 SECOND QUARTER RESULTS
2
Third Quarter Fiscal 2026 Financial Outlook
ADS Growth (YoY) 5.0% - 7.0%
Adjusted Operating Margin1
9.7% - 10.3%
Full-Year Fiscal 2026 Outlook for Certain Financial Metrics Maintained
•Depreciation and amortization expense of ~$95M-$100M
•Interest and other expense of ~$35M
•Capital expenditures of ~$100M-$110M
•Free cash flow conversion1 of ~90%
•Tax rate of ~24.5%-25.5%
1 Guidance provided is a non-GAAP financial measure presented on an adjusted basis. For further details see the Non-GAAP financial measures information presented in the schedules accompanying this press release.
Conference Call Information
MSC will host a conference call today at 8:30 a.m. EDT to review the Company’s fiscal 2026 second quarter results. To access the earnings release, webcast, presentation slides and operational statistics, please visit the Company's website at: http://investor.mscdirect.com. Alternatively, the conference call can be accessed by dialing 1-888-506-0062 (U.S.) or 1-973-528-0011 (international) and providing the access code 987025.
An online archive of the broadcast will be available within one hour of the conclusion of the call and remain available until Wednesday, April 15, 2026. The Company’s reporting date for its fiscal 2026 third quarter results is scheduled for July 1, 2026.
Contact Information
Investors: Media:
Ryan Mills, CFA
Leah Kelso
VP, Investor Relations & Business Development VP, Communications & Sales Enablement
Rmills@mscdirect.com Leah.Kelso@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, maintenance, repair and operations (MRO), and production fastener and hardware products and services. With approximately 2.5 million products, industry‑leading inventory management and supply chain solutions, and more than 80 years of experience, we help customers improve productivity, profitability, and operational performance.
Our team of over 7,000 associates partners closely with customers across industries to keep their operations running efficiently today while enabling them with insights and comprehensive solutions to continually rethink, retool, and optimize for a more productive tomorrow.
For more information on MSC Industrial, please visit mscdirect.com.
MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2026 SECOND QUARTER RESULTS
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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 MSC expects, believes or anticipates 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 and profitability, 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 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, energy and labor prices, and the impact of prolonged periods of low, high or rapid inflation; competition, including the adoption by competitors of aggressive pricing strategies or sales methods; industry consolidation and other changes in the industrial distribution sector; the applicability of laws and regulations relating to our status as a supplier to the U.S. government and public sector; the credit risk of our customers; our ability to accurately forecast customer demands; interruptions in our ability to make deliveries to customers; supply chain disruptions; our ability to attract and retain sales and customer service personnel; the risk of loss of key suppliers or contractors or key brands; changes to trade policies or trade relationships, including tariff policies; risks associated with opening or expanding our customer fulfillment centers; our ability to estimate the cost of healthcare claims incurred under our self-insurance plan; interruption of operations at our headquarters or customer fulfillment centers; products liability due to the nature of the products that we sell; impairments of goodwill and other indefinite-lived intangible assets; the impact of climate change; operating and financial restrictions imposed by the terms of our material debt instruments; our ability to access additional liquidity; the significant influence that our principal shareholders will continue to have over our decisions; our ability to execute on our E-commerce strategies and maintain our digital platforms; costs associated with maintaining our information technology (“IT”) systems and complying with data privacy laws; disruptions or breaches of our IT systems or violations of data privacy laws, including such disruptions or breaches in connection with our E-commerce channels; risks related to online payment methods and other online transactions; the retention of key management personnel; litigation risk due to the nature of our business; failure to comply with environmental, health, and safety laws and regulations; and our ability to comply with, and the costs associated with, social and environmental responsibility policies. 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 2026 SECOND QUARTER RESULTS
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MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Balance Sheets
(In thousands)
February 28,
2026 August 30,
2025
ASSETS (Unaudited)
Current Assets:
Cash and cash equivalents $ 46,192 $ 56,228
Accounts receivable, net of allowance for credit losses 373,553 423,306
Inventories 677,384 644,090
Prepaid expenses and other current assets 132,599 102,930
Total current assets 1,229,728 1,226,554
Property, plant and equipment, net 345,001 346,706
Goodwill 724,456 723,702
Identifiable intangibles, net 77,829 85,455
Operating lease assets 46,459 52,464
Other assets 27,344 27,183
Total assets $ 2,450,817 $ 2,462,064
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Current portion of debt including obligations under finance leases $ 317,233 $ 316,868
Current portion of operating lease liabilities 21,491 22,236
Accounts payable 222,143 225,150
Accrued expenses and other current liabilities 148,175 165,092
Total current liabilities 709,042 729,346
Long-term debt including obligations under finance leases 194,517 168,831
Noncurrent operating lease liabilities 25,491 30,872
Deferred income taxes and tax uncertainties 136,543 136,513
Total liabilities 1,065,593 1,065,562
Commitments and Contingencies
Shareholders’ Equity:
Preferred Stock — —
Class A Common Stock 57 57
Additional paid-in capital 1,102,284 1,093,630
Retained earnings 420,212 432,622
Accumulated other comprehensive loss (18,438) (20,736)
Class A treasury stock, at cost (120,544) (117,363)
Total MSC Industrial shareholders’ equity 1,383,571 1,388,210
Noncontrolling interest 1,653 8,292
Total shareholders’ equity 1,385,224 1,396,502
Total liabilities and shareholders’ equity $ 2,450,817 $ 2,462,064
MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2026 SECOND 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 Twenty-Six Weeks Ended
February 28,
2026 March 1,
2025 February 28,
2026 March 1,
2025
Net sales $ 917,774 $ 891,717 $ 1,883,458 $ 1,820,201
Cost of goods sold 540,186 526,487 1,113,193 1,076,784
Gross profit 377,588 365,230 770,265 743,417
Operating expenses 310,342 301,578 621,910 605,141
Restructuring and other costs 2,454 1,406 7,324 3,750
Income from operations 64,792 62,246 141,031 134,526
Other income (expense):
Interest expense (5,587) (6,226) (11,003) (12,301)
Interest income 130 233 405 574
Other expense, net (3,317) (4,540) (6,901) (10,484)
Total other expense (8,774) (10,533) (17,499) (22,211)
Income before provision for income taxes 56,018 51,713 123,532 112,315
Provision for income taxes 13,860 12,566 30,266 27,474
Net income 42,158 39,147 93,266 84,841
Less: Net loss attributable to noncontrolling interest (326) (167) (1,022) (1,096)
Net income attributable to MSC Industrial $ 42,484 $ 39,314 $ 94,288 $ 85,937
Per share data attributable to MSC Industrial:
Net income per common share:
Basic $ 0.76 $ 0.70 $ 1.69 $ 1.54
Diluted $ 0.76 $ 0.70 $ 1.69 $ 1.54
Weighted-average shares used in computing
net income per common share:
Basic 55,809 55,793 55,807 55,845
Diluted 55,900 55,851 55,938 55,960
MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2026 SECOND QUARTER RESULTS
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MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Statements of Comprehensive Income
(In thousands)
(Unaudited)
Thirteen Weeks Ended Twenty-Six Weeks Ended
February 28,
2026 March 1,
2025 February 28,
2026 March 1,
2025
Net income, as reported $ 42,158 $ 39,147 $ 93,266 $ 84,841
Other comprehensive income, net of tax:
Foreign currency translation adjustments 3,631 (2,596) 2,729 (6,662)
Comprehensive income 45,789 36,551 95,995 78,179
Comprehensive income attributable to noncontrolling interest:
Net loss 326 167 1,022 1,096
Foreign currency translation adjustments (323) 57 (431) 291
Comprehensive income attributable to MSC Industrial $ 45,792 $ 36,775 $ 96,586 $ 79,566
MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2026 SECOND QUARTER RESULTS
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MSC INDUSTRIAL DIRECT CO., INC.
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
Twenty-Six Weeks Ended
February 28,
2026 March 1,
2025
Cash Flows from Operating Activities:
Net income $ 93,266 $ 84,841
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 50,407 44,671
Amortization of cloud computing arrangements 598 995
Non-cash operating lease cost 11,819 12,189
Stock-based compensation 9,328 7,192
Loss on disposal of property, plant and equipment 153 401
Property, plant and equipment asset impairment 1,890 —
Non-cash changes in fair value of estimated contingent consideration — 269
Provision for credit losses 3,142 4,316
Expenditures for cloud computing arrangements (2,001) (1,080)
Changes in operating assets and liabilities:
Accounts receivable 47,798 10,514
Inventories (30,660) (3,695)
Prepaid expenses and other current assets (28,110) (10,827)
Operating lease liabilities (11,941) (12,304)
Other assets 779 67
Accounts payable and accrued liabilities (22,659) 18,785
Total adjustments 30,543 71,493
Net cash provided by operating activities 123,809 156,334
Cash Flows from Investing Activities:
Expenditures for property, plant and equipment (43,325) (49,957)
Cash used in acquisitions, net of cash acquired (240) (790)
Net proceeds from sale of property 1,057 —
Net cash used in investing activities (42,508) (50,747)
Cash Flows from Financing Activities:
Repurchases of Class A Common Stock (13,723) (30,541)
Payments of regular cash dividends (97,175) (94,933)
Proceeds from sale of Class A Common Stock in connection with Associate Stock Purchase Plan 2,118 2,237
Proceeds from exercise of Class A Common Stock options — 120
Borrowings under credit facilities 218,000 197,000
Payments under credit facilities (193,000) (166,750)
Purchase of noncontrolling interest (8,195) —
Borrowings under financing obligations 1,134 699
Other, net (503) (922)
Net cash used in financing activities (91,344) (93,090)
Effect of foreign exchange rate changes on cash and cash equivalents 7 (809)
Net (decrease) increase in cash and cash equivalents (10,036) 11,688
Cash and cash equivalents—beginning of period 56,228 29,588
Cash and cash equivalents—end of period $ 46,192 $ 41,276
Supplemental Disclosure of Cash Flow Information:
Cash paid for income taxes $ 40,233 $ 31,101
Cash paid for interest $ 10,939 $ 12,250
MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2026 SECOND 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 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 items such as restructuring and other costs, property, plant and equipment asset impairment, and share reclassification litigation costs, and tax effects.
These non-GAAP financial measures are not presented in accordance with GAAP or alternatives 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 measure and should only be used to evaluate MSC’s results of operations in conjunction with the corresponding GAAP financial measure.
This press release also includes certain forward-looking information that is not presented in accordance with GAAP, including adjusted operating margin and free cash flow conversion. The Company believes that a quantitative reconciliation of such forward-looking information to the most directly comparable financial measures 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 measures is not provided.
•Incremental Operating Margin and Adjusted Incremental Operating Margin
The Company defines Incremental Operating Margin as the change in year-over-year Income from Operations as a percentage of the change in year-over-year Net Sales and Adjusted Incremental Operating Margin as Incremental Operating Margin adjusted to exclude restructuring and other costs, property, plant and equipment asset impairment, and share reclassification litigation costs by excluding such items from Income from Operations. The Company’s management believes that Incremental Operating Margin is useful because it shows the direction that operating profit margins are moving as a result of changes in net sales between periods, and that, by excluding the aforementioned items, Adjusted Incremental Operating Margin helps to more clearly show, on a comparable basis between periods, trends in the Company’s underlying business and results of operations. The Company believes 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.
•Free Cash Flow (“FCF”) and Free Cash Flow Conversion (“FCF Conversion”)
FCF is a non-GAAP financial measure. FCF is used in addition to and in conjunction with results presented in accordance with GAAP, and FCF should not be relied upon to the exclusion of GAAP financial measures. Management strongly encourages investors to review our financial statements and publicly-filed reports in their entirety and to not rely on any single financial measure. FCF, which we reconcile to “Net cash provided by operating activities,” is cash flow from operations reduced by “Expenditures for property, plant and equipment”. We believe that FCF, although similar to cash flow from operations, is a useful additional measure since capital expenditures are a necessary component of ongoing operations. Management also views FCF, as a measure of the Company’s ability to reduce debt, add to cash balances, pay dividends, and repurchase stock. FCF has limitations due to the fact that it does not represent the residual cash flow available for discretionary expenditures. For example, FCF does not incorporate payments made on finance lease obligations or required debt service payments. In addition, different companies define FCF differently. Therefore, we believe it is important to view FCF as a complement to our entire consolidated statements of cash flows. FCF 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.
•Results Excluding Restructuring and Other Costs, Property, Plant and Equipment Asset Impairment, and Share Reclassification Litigation Costs
In calculating certain non-GAAP financial measures, we exclude items such as restructuring and other costs, property, plant and equipment asset impairment, and share reclassification litigation 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 comparing 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 2026 SECOND QUARTER RESULTS
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MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Thirteen Weeks Ended February 28, 2026
(In thousands, except percentages and per share data)
GAAP Financial Measure Items Affecting Comparability Non-GAAP Financial Measure
Total MSC Industrial Restructuring and Other Costs Property, Plant and Equipment Asset Impairment Adjusted Total MSC Industrial
Net Sales $ 917,774 $ — $ — $ 917,774
Cost of Goods Sold 540,186 — — 540,186
Gross Profit 377,588 — — 377,588
Gross Margin 41.1 % — % — % 41.1 %
Operating Expenses 310,342 — 1,890 308,452
Operating Expenses as % of Sales 33.8 % — % (0.2) % 33.6 %
Restructuring and Other Costs 2,454 2,454 — —
Income from Operations 64,792 (2,454) (1,890) 69,136
Operating Margin 7.1 % 0.3 % 0.2 % 7.5 %
Incremental Margin 9.8 % 4.0 % 7.3 % 21.0 %
Total Other Expense (8,774) — — (8,774)
Income before provision for income taxes 56,018 (2,454) (1,890) 60,362
Provision for income taxes 13,860 (607) (467) 14,934
Net income 42,158 (1,847) (1,423) 45,428
Net loss attributable to noncontrolling interest (326) — — (326)
Net income attributable to MSC Industrial $ 42,484 $ (1,847) $ (1,423) $ 45,754
Net income per common share:
Diluted $ 0.76 $ (0.03) $ (0.03) $ 0.82
*Individual amounts may not agree to the total due to rounding.
MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2026 SECOND QUARTER RESULTS
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MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Twenty-Six Weeks Ended February 28, 2026
(In thousands, except percentages and per share data)
GAAP Financial Measure Items Affecting Comparability Non-GAAP Financial Measure
Total MSC Industrial Restructuring and Other Costs Share Reclassification Litigation Costs Property, Plant and Equipment Asset Impairment Adjusted Total MSC Industrial
Net Sales $ 1,883,458 $ — $ — $ — $ 1,883,458
Cost of Goods Sold 1,113,193 — — — 1,113,193
Gross Profit 770,265 — — — 770,265
Gross Margin 40.9 % — % — % — % 40.9 %
Operating Expenses 621,910 — 51 1,890 619,969
Operating Expenses as % of Sales 33.0 % — % 0.0 % (0.1) % 32.9 %
Restructuring and Other Costs 7,324 7,324 — — —
Income from Operations 141,031 (7,324) (51) (1,890) 150,296
Operating Margin 7.5 % 0.4 % 0.0 % 0.1 % 8.0 %
Incremental Margin 10.3 % 5.6 % 0.1 % 3.0 % 19.0 %
Total Other Expense (17,499) — — — (17,499)
Income before provision for income taxes 123,532 (7,324) (51) (1,890) 132,797
Provision for income taxes 30,266 (1,794) (12) (463) 32,535
Net income 93,266 (5,530) (39) (1,427) 100,262
Net loss attributable to noncontrolling interest (1,022) — — — (1,022)
Net income attributable to MSC Industrial $ 94,288 $ (5,530) $ (39) $ (1,427) $ 101,284
Net income per common share:
Diluted $ 1.69 $ (0.10) $ 0.00 $ (0.03) $ 1.81
*Individual amounts may not agree to the total due to rounding.
MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2026 SECOND QUARTER RESULTS
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MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Thirteen Weeks Ended March 1, 2025
(In thousands, except percentages and per share data)
GAAP Financial Measure Items Affecting Comparability Non-GAAP Financial Measure
Total MSC Industrial Restructuring and Other Costs Adjusted Total MSC Industrial
Net Sales $ 891,717 $ — $ 891,717
Cost of Goods Sold 526,487 — 526,487
Gross Profit 365,230 — 365,230
Gross Margin 41.0 % — % 41.0 %
Operating Expenses 301,578 — 301,578
Operating Expenses as % of Sales 33.8 % — % 33.8 %
Restructuring and Other Costs 1,406 1,406 —
Income from Operations 62,246 (1,406) 63,652
Operating Margin 7.0 % 0.2 % 7.1 %
Total Other Expense (10,533) — (10,533)
Income before provision for income taxes 51,713 (1,406) 53,119
Provision for income taxes 12,566 (337) 12,903
Net income 39,147 (1,069) 40,216
Net loss attributable to noncontrolling interest (167) — (167)
Net income attributable to MSC Industrial $ 39,314 $ (1,069) $ 40,383
Net income per common share:
Diluted $ 0.70 $ (0.02) $ 0.72
*Individual amounts may not agree to the total due to rounding.
MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2026 SECOND QUARTER RESULTS
12
MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Twenty-Six Weeks Ended March 1, 2025
(In thousands, except percentages and per share data)
GAAP Financial Measure Items Affecting Comparability Non-GAAP Financial Measure
Total MSC Industrial Restructuring and Other Costs Adjusted Total MSC Industrial
Net Sales $ 1,820,201 $ — $ 1,820,201
Cost of Goods Sold 1,076,784 — 1,076,784
Gross Profit 743,417 — 743,417
Gross Margin 40.8 % — % 40.8 %
Operating Expenses 605,141 — 605,141
Operating Expenses as % of Sales 33.2 % — % 33.2 %
Restructuring and Other Costs 3,750 3,750 —
Income from Operations 134,526 (3,750) 138,276
Operating Margin 7.4 % 0.2 % 7.6 %
Total Other Expense (22,211) — (22,211)
Income before provision for income taxes 112,315 (3,750) 116,065
Provision for income taxes 27,474 (892) 28,366
Net income 84,841 (2,858) 87,699
Net loss attributable to noncontrolling interest (1,096) — (1,096)
Net income attributable to MSC Industrial $ 85,937 $ (2,858) $ 88,795
Net income per common share:
Diluted $ 1.54 $ (0.05) $ 1.59
*Individual amounts may not agree to the total due to rounding.
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Apr. 01, 2026
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Entity Registrant Name
MSC INDUSTRIAL DIRECT CO., INC.
Entity Incorporation, State or Country Code
NY
Entity File Number
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Entity Address, Address Line One
515 Broadhollow Road
Entity Address, Address Line Two
Suite 1000
Entity Address, City or Town
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