Msc Industrial Direct Company Down 2.50% To $97.04 After Earnings

Msc Industrial Direct Company (MSM) said before open Thursday that it broke even in quarter two 2024.

In the same quarter a year ago, the company earned $1.45 per share on revenue of $961.6 million.

The stock is down 2.50% to $97.04 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Msc Industrial Direct Company a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 58. Meanwhile, the average Wall Street analyst rated the stock a Buy.

MSC Industrial Direct is one of the largest industrial distributors with a focus on metalworking and maintenance, repair, and operations products and services. The company offers 1.9 million products through its distribution network which has 11 fulfillment centers. Although MSC has a presence in Canada, Mexico, and the United Kingdom, it primarily operates in the United States. In fiscal 2021, 94% of the firm's $3.