Msc Industrial Direct Company, Inc. · NYSE:MSM
Msc Industrial Direct — Q3 2024 Earnings Presentation
11 slides from Msc Industrial Direct's earnings presentation, Jun 13, 2024
Slide 1: Preliminary Fiscal Third Quarter 2024 Results Conference Call
PRELIMINARY FISCAL THIRD QUARTER 2024 RESULTS CONFERENCE CALL JUNE 13, 2024
Slide 2: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Statements in this presentation 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 develop
Slide 3: Preliminary Fiscal 3Q'24 Results Below Expectations: Corrective Actions Underway
PRELIMINARY FISCAL 3Q’24 RESULTS BELOW EXPECTATIONS: CORRECTIVE ACTIONS UNDERWAY Prior Year Preliminary ACTION PLANS COMMENTARY & KEY DRIVERS 3Q’23 3Q’24 • YoY headwind of ~300 bps from non-repeating Public Sector orders • Maintaining focus in areas of the business that are delivering such as soluti
Slide 4: Preliminary Fiscal 3Q'24 Net Sales and Solutions Performance
PRELIMINARY FISCAL 3Q’24 NET SALES AND SOLUTIONS PERFORMANCE Core and Other Customers National Accounts Public Sector AVERAGE DAILYSALES ~2% QoQ ~7% YoY ~1% QoQ ~1% YoY ~17% QoQ ~25% YoY • Sequential improvement below expectations • Resilient performance both QoQ and YoY • Strong sequential growth d
Slide 5: Updating Fiscal 2024 Full Year Outlook
UPDATING FISCAL 2024 FULL YEAR OUTLOOK ADS Growth (YoY) Fiscal Fourth Quarter Assumptions Additional Guidance • YoY headwind of approximately 300 bps in the quarter related to non-recurring public sector orders in prior year Prior Updated • Depreciation and amortization • Expect ADS to be approximat
Slide 6: 1st Half to 2nd Half ADS Inflection Lower Than Expected
1ST HALF TO 2ND HALF ADS INFLECTION LOWER THAN EXPECTED 1H to 2H ADS Expectations Growth Drivers Prior Updated Assumptions • Sequential improvement occurring in early 2H’24 Seasonality ~4% ~1-2% • Macro conditions and lower levels of activity weighing on seasonal lift • Industrial Production Index d
Slide 7: Appendix
APPENDIX MSC
Slide 8: Reconciliations
RECONCILIATIONS Preliminary Non-GAAP Financial Measures To supplement MSC’s preliminary 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 ne
Slide 9: Reconciliations
RECONCILIATIONS Non-GAAP Financial Measures investor.mscdirect.com 9
Slide 10: Reconciliations
RECONCILIATIONS investor.mscdirect.com 10
Slide 11: Thank You
THANK YOU MSC
MSC Industrial Direct — Q3 2024 Earnings Presentation on 6ix