Apr. 3 at 1:05 PM
$MSM
MSC Industrial Supply reported its fiscal 2025 second quarter results, showing a decline in key financial metrics.
Net sales decreased 4.7% year-over-year to
$891.7 million.
Operating income fell to
$62.2 million, with an operating margin of 7.0%. Diluted EPS dropped to
$0.70 from
$1.10 in the prior year quarter.
On an adjusted basis, the company achieved an operating margin of 7.1% and adjusted diluted EPS of
$0.72.
The company maintained strong gross margins, partly aided by favorable supplier rebates. During Q2, MSC returned approximately
$60 million to shareholders through dividends and share repurchases.
Looking ahead, MSC provided Q3 FY2025 guidance projecting ADS growth between -2.0% to 0.0% and adjusted operating margin of 8.7% to 9.3%.
The company maintains its goal of achieving 400 basis points of growth above the IP Index and expanding operating margins to mid-teens.
