MSC Industrial Supply Co. Reports Fiscal 2026 Second Quarter Results

About this update from Msc Industrial Direct Company, Inc.

FISCAL 2026 Q2 HIGHLIGHTS MELVILLE, NY AND DAVIDSON, NC / ACCESS Newswire / 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. 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 out...

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