Reported 7 months ago
MSC Industrial Direct Company, Inc. announced preliminary financial results for the third quarter of fiscal 2024, including a year-over-year decline in net sales and adjusted earnings per share. The company attributed this decline to weaknesses in heavy manufacturing and core customer ramp, resulting in a lower-than-expected gross margin. As a result, MSC Industrial updated its fiscal 2024 outlook, expecting a decline in average daily sales and adjusted operating margin compared to previous projections.
Source: YAHOO