MSC Industrial Direct Co., Inc. reported fiscal first‑quarter 2026 results on January 7 2026, delivering net income of $51.8 million and diluted earnings per share of $0.93, with an adjusted EPS of $0.99. The quarter ended November 29 2025.
Revenue rose to $965.7 million, up 4 % year‑over‑year, slightly exceeding the consensus estimate of $964.6 million. The increase was driven by a 5 % lift in core‑customer sales and a 3 % gain in the public‑sector segment, offset by a 2 % decline in the national‑accounts business that was impacted by the federal government shutdown.
Adjusted operating margin expanded to 8.4 %, up 40 basis points from the same quarter last year, reflecting stronger pricing power in the core‑customer segment and disciplined cost management. Gross margin held steady at 40.7 %, indicating that input‑cost inflation was largely neutralized by higher selling prices.
The company guided for fiscal 2026 average daily sales growth of 3.5 %–5.5 % year‑over‑year and an adjusted operating margin of 7.3 %–7.9 %. The guidance, unchanged from the prior quarter, signals management confidence in sustaining profitability while acknowledging the lingering impact of the government shutdown on demand.
CEO Martina McIsaac, in her first earnings call, highlighted the “mission‑critical” transformation, noting that the company is “executing on momentum from recent growth initiatives” and that core‑customer engagement remains a priority. CFO Greg Clark added that the firm achieved a 10‑basis‑point operating‑margin expansion, or 40 basis points on an adjusted basis, underscoring effective cost control.
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