)
MSC Industrial Direct (MSM) investor relations material
MSC Industrial Direct Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q4 2025 average daily sales grew 2.7% year-over-year, reversing earlier declines, with core customer daily sales up 4.1% and public sector up as much as 9%.
Full-year 2025 net sales declined 1.3% to $3.77 billion, with adjusted operating margin at 8.4% and adjusted EPS down 21.8% to $3.76.
Growth initiatives and pricing actions, especially in vending and In-Plant programs, contributed to improved sales momentum.
Strong cash generation enabled $229 million in shareholder returns via dividends and buybacks.
Leadership transition announced: Martina McIsaac to become CEO, with new SVP of Sales and SVP of Customer Experience appointed.
Financial highlights
Q4 net sales were $978.2M, gross margin was 40.4%, and adjusted operating margin was 9.2%.
Q4 adjusted EPS was $1.09, up nearly 6% year-over-year; full-year adjusted EPS was $3.76.
Free cash flow for FY25 was $241M, representing 122% of net income.
Returned $229M to shareholders via buybacks and dividends; dividend increased by 2%.
Net debt at $430M, ~1.1x EBITDA; ended FY25 with $56.2M in cash and $316.9M in current debt.
Outlook and guidance
Q1 FY26 average daily sales expected to grow 3.5%-4.5% year-over-year; adjusted operating margin projected at 8.0%-8.6%.
Q1 gross margin expected to improve to ~40.7%.
FY26 guidance: depreciation/amortization $95M-$100M, capex $100M-$110M, tax rate 24.5%-25.5%, free cash flow conversion ~90%.
Incremental margins of ~20% expected at mid-single-digit revenue growth as productivity initiatives build.
Long-term objectives: grow 400+ basis points above IP Index and expand adjusted operating margins to mid-teens.
Next MSC Industrial Direct earnings date
Next MSC Industrial Direct earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)