MSC INDUSTRIAL DIRECT CO INC

Listed Company

MSMCIK 0001003078NYSELarge AcceleratedWholesale-Industrial Machinery & EquipmentNew YorkFY ends Aug 29

Period

FY 2025

Revenue

$3.77B

Net Income

$199.33M

Total Assets

$2.46B

Equity

$1.39B

Shares Out

55.83M

Op. Cash Flow

$333.72M

Business

MSC INDUSTRIAL DIRECT CO INC is a leading North American distributor of metalworking and maintenance, repair and operations (MRO) products and value-added supply chain and inventory management solutions. It offers approximately 2.5 million active SKUs, including cutting tools, abrasives, machining fluids, tooling components, fasteners, safety and janitorial supplies, OEM products, vending and technical services such as Ap Op and MSC MillMax®. The company operates customer fulfillment centers, regional inventory centers, warehouses, manufacturing locations, customer care centers and technical specialist teams. MSC serves customers in the United States, Canada, Mexico and the United Kingdom through e-commerce (the MSC website), eProcurement, field and telesales, catalogs and on-site vending and VMI/CMI solutions.

Summary from filing dated 2025-10-23

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Net sales	3,770	3,821	4,009	3,692	3,243
Cost of goods sold	2,233	2,248	2,366	2,134	1,910
Gross profit	1,536	1,573	1,643	1,558	1,334
Operating expenses	1,224	1,168	1,151	1,084	994
Restructuring and other costs	11	15	8	16	31
Income from operations	302	390	484	469	302
Interest expense	−24	−26	−23	−18	—
Interest income	1	412,000	1	150,000	66,000
Other expense, net	−15	−22	−6	−132,000	1
Total other expense	−38	−48	−28	−18	−13
Income before provision for income taxes	264	343	456	451	288
Provision for income taxes	66	87	113	111	70
Net income	198	256	343	340	218
Less: Net loss attributable to noncontrolling interest	−1	−3	−126,000	696,000	1
Net income attributable to MSC Industrial	199	259	343	340	217
Basic (in USD per share)	3.57	4.6	6.14	6.09	3.89
Diluted (in USD per share)	3.57	4.58	6.11	6.06	3.87
Basic (in shares)	56	56	56	56	56
Diluted (in shares)	56	56	56	56	56

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Cash and cash equivalents	56	30	50	44	41
Accounts receivable, net of allowance for credit losses of $22,365 and $22,368, respectively	423	412	435	688	560
Inventories	644	644	727	716	624
Prepaid expenses and other current assets	103	102	106	97	89
Total current assets	1,227	1,188	1,318	1,544	1,314
Property, plant and equipment, net	347	360	320	287	298
Goodwill	724	724	718	710	693
Identifiable intangibles, net	85	101	111	114	102
Operating lease assets	52	59	66	65	49
Other assets	27	30	12	10	6
Total assets	2,462	2,462	2,544	2,729	2,462
Current portion of debt including obligations under finance leases	317	230	230	326	202
Current portion of operating lease liabilities	22	22	21	19	14
Accounts payable	225	206	226	217	186
Accrued expenses and other current liabilities	165	148	172	164	159
Total current liabilities	729	605	649	726	562
Long-term debt including obligations under finance leases	169	279	224	469	584
Noncurrent operating lease liabilities	31	37	46	48	36
Deferred income taxes and tax uncertainties	137	139	132	125	109
Total liabilities	1,066	1,061	1,052	1,367	1,300
Commitments and Contingencies	—	—	—	—	—
Preferred Stock; $0.001 par value; 5,000,000 shares authorized; none issued and outstanding	0	0	0	0	—
Additional paid-in capital	1,094	1,070	850	798	741
Retained earnings	433	457	755	681	532
Accumulated other comprehensive loss	−21	−21	−18	−23	−18
Class A treasury stock, at cost, 1,296,625 and 1,276,263 shares, respectively	−117	−114	−108	−106	−104
Total MSC Industrial shareholders equity	1,388	1,392	1,479	1,350	1,151
Noncontrolling interest	8	9	13	12	11
Total shareholders equity	1,397	1,401	1,493	1,362	1,162
Total liabilities and shareholders equity	2,462	2,462	2,544	2,729	2,462

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Depreciation and amortization	91	81	75	70	69
Amortization of cloud computing arrangements	2	2	1	262,000	—
Non-cash operating lease cost	24	23	21	17	19
Stock-based compensation	13	19	19	19	18
Loss on disposal of property, plant and equipment	790,000	687,000	557,000	921,000	563,000
Loss on sale of property	−1	0	0	—	—
Non-cash changes in fair value of estimated contingent consideration	293,000	906,000	104,000	−879,000	0
Provision for credit losses	7	7	10	10	8
Expenditures for cloud computing arrangements	−5	−20	−3	−3	—
Deferred income taxes and tax uncertainties	−3	10	7	11	−14
Accounts receivable	−18	19	248	−124	−73
Inventories	2	85	−5	−81	−107
Prepaid expenses and other current assets	482,000	2	−7	−7	−10
Operating lease liabilities	−24	−23	−21	−17	−33
Other assets	350,000	3	628,000	−354,000	−1
Accounts payable and accrued liabilities	43	−54	10	20	84
Total adjustments	136	155	356	−94	7
Net cash provided by operating activities	334	411	700	246	224
Expenditures for property, plant and equipment	−93	−99	−92	−61	−54
Cash used in acquisitions, net of cash acquired	−790,000	−24	−20	−58	−22
Net proceeds from sale of property	30	0	0	25	0
Net cash used in investing activities	−63	−123	−113	−94	−76
Repurchases of Class A Common Stock	−39	−188	−96	−27	−71
Payments of regular cash dividends	−190	−187	−177	−167	−167
Proceeds from sale of Class A Common Stock in connection with Associate Stock Purchase Plan	4	4	4	4	4
Proceeds from exercise of Class A Common Stock options	8	10	29	35	30
Borrowings under credit facilities	253	435	333	374	584
Payments under credit facilities	−255	−381	−548	−365	−399
Payments under Shelf Facility Agreements and Private Placement Debt	−20	−50	−125	0	−20
Proceeds from other long-term debt	0	50	0	0	5
Contingent consideration paid	−4	0	0	—	—
Payments on finance lease and financing obligations	−2	−4	−2	−2	−3
Other, net	−469,000	4	1	606,000	−205,000
Net cash used in financing activities	−244	−307	−580	−148	−234
Effect of foreign exchange rate changes on cash and cash equivalents	−211,000	−412,000	8,000	−549,000	356,000
Net increase (decrease) in cash and cash equivalents	27	−20	7	3	−85
Cash paid for income taxes	60	79	107	117	73
Cash paid for interest	24	25	22	17	14

Filings

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