Pulling SEC filings + quote and writing the call…

MSC INDUSTRIAL DIRECT CO INC
Next earnings Jul 1, 2026 (before open) · consensus $1.27 EPS, $1.04B rev
Last earnings -0.8% on 2026-04-01
Cyclically depressed industrial distributor with a solid ~2.9% dividend, but trough earnings make a 33x P/E look optically rich.
Sources: SEC EDGAR (CIK 0001003078, latest 10-Q filed 2026-04-01) · EODHD · analysis by claude-code · as of 6/21/2026, 8:53:04 PM.
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Middling fundamentals and a rich price (~75% above fair value) leave little margin of safety — a wait-and-see.
MSC Industrial is a leading North American distributor of metalworking and maintenance/repair/operations (MRO) products, and it is squarely in a cyclical trough. FY2025 revenue slipped 1.3% to $3.77B, but the earnings decline was steeper: net income fell 22.9% to $199M, operating income dropped 22.8% to $302M, and diluted EPS fell 22.1% to $3.57. Operating margin compressed to 8.0% from prior-year levels, reflecting both soft industrial demand and deleverage on a lower revenue base. This is the third consecutive year of declining net income (from $343M in FY2023 to $259M to $199M), tracking the weak industrial/manufacturing PMI cycle that MSM's customers operate in.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $3.24B | $3.69B | $4.01B | $3.82B | $3.77B |
| Gross profit | $1.33B | $1.56B | $1.64B | $1.57B | $1.54B |
| Operating income | $302M | $469M | $484M | $390M | $302M |
| Net income | $217M | $340M | $343M | $259M | $199M |
| Diluted EPS | $3.87 | $6.06 | $6.11 | $4.58 | $3.57 |
| Net margin | 6.7% | 9.2% | 8.6% | 6.8% | 5.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1046 tracked peers · median
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
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| 2026-01-27 | GERSHWIND ERIK Director | Disposed (J) | 69.5K | |
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