MSC Industrial Direct Files Q1 2025 10-Q
Ticker: MSM · Form: 10-Q · Filed: Jan 8, 2025 · CIK: 1003078
Sentiment: neutral
Topics: 10-Q, quarterly-filing, industrial-machinery
TL;DR
MSC Industrial Direct filed its Q1 2025 10-Q. Financials are in.
AI Summary
MSC Industrial Direct Co Inc filed its 10-Q for the period ending November 30, 2024. The filing covers the first quarter of their fiscal year. Key financial data and operational details for this period are presented.
Why It Matters
This filing provides investors with a quarterly update on MSC Industrial Direct's financial performance and operational status, crucial for understanding the company's trajectory in the industrial machinery and equipment sector.
Risk Assessment
Risk Level: low — This is a routine quarterly filing with no immediate red flags or significant new risks indicated in the provided snippet.
Key Players & Entities
- MSC INDUSTRIAL DIRECT CO INC (company) — Filer
- 20241130 (date) — Reporting period end date
- 20250108 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is November 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on January 8, 2025.
What is the company's Central Index Key (CIK)?
The company's Central Index Key is 0001003078.
What is the Standard Industrial Classification (SIC) code for MSC Industrial Direct?
The SIC code for MSC Industrial Direct is 5084, which corresponds to Wholesale - Industrial Machinery & Equipment.
What state is MSC Industrial Direct incorporated in?
MSC Industrial Direct is incorporated in New York (NY).
Filing Stats: 4,478 words · 18 min read · ~15 pages · Grade level 18 · Accepted 2025-01-08 14:22:49
Key Financial Figures
- $0.001 — stered Class A Common Stock, par value $0.001 per share MSM New York Stock Exchange
Filing Documents
- msm-20241130.htm (10-Q) — 795KB
- msm-11302024xex311.htm (EX-31.1) — 9KB
- msm-11302024xex312.htm (EX-31.2) — 10KB
- msm-11302024xex321.htm (EX-32.1) — 5KB
- msm-11302024xex322.htm (EX-32.2) — 5KB
- 0001003078-25-000007.txt ( ) — 5050KB
- msm-20241130.xsd (EX-101.SCH) — 34KB
- msm-20241130_cal.xml (EX-101.CAL) — 61KB
- msm-20241130_def.xml (EX-101.DEF) — 179KB
- msm-20241130_lab.xml (EX-101.LAB) — 527KB
- msm-20241130_pre.xml (EX-101.PRE) — 374KB
- msm-20241130_htm.xml (XML) — 533KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited) Condensed Consolidated Balance Sheets as of November 30 , 2024 and August 31 , 2 024 1 Condensed Consolidated Statements of Income for the Thirteen Weeks Ende d November 30 , 2024 and December 2 , 2023 2 Condensed Consolidated Statements of Comprehensive Income for the Thirteen Weeks Ended November 30 , 2024 an d Decembe r 2, 2023 3 Condensed Consolidated Statements of Shareholders' Equity for the Thirteen Weeks En ded November 30, 2024 and December 2, 2023 4 Condensed Consolidated Statements of Cash Flows for the Thir teen W eeks Ended November 30, 2024 and December 2, 2023 5 Notes to Condensed Consolidated Financial Statements 6 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 25 Item 4.
Controls and Procedures
Controls and Procedures 26
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 27 Item 1A.
Risk Factors
Risk Factors 27 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 27
Other Information
Item 5. Other Information 27 Item 6. Exhibits 28
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. MSC INDUSTRIAL DIRECT CO., INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share data) November 30, 2024 August 31, 2024 (Unaudited) ASSETS Current Assets: Cash and cash equivalents $ 57,266 $ 29,588 Accounts receivable, net of allowance for credit losses of $ 22,860 and $ 22,368 , respectively 407,801 412,122 Inventories 636,652 643,904 Prepaid expenses and other current assets 104,673 102,475 Total current assets 1,206,392 1,188,089 Property, plant and equipment, net 362,336 360,255 Goodwill 722,620 723,894 Identifiable intangibles, net 96,826 101,147 Operating lease assets 55,111 58,649 Other assets 30,237 30,279 Total assets $ 2,473,522 $ 2,462,313 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Current portion of debt including obligations under finance leases $ 230,077 $ 229,911 Current portion of operating lease liabilities 21,131 21,941 Accounts payable 208,697 205,933 Accrued expenses and other current liabilities 166,383 147,642 Total current liabilities 626,288 605,427 Long-term debt including obligations under finance leases 289,890 278,853 Noncurrent operating lease liabilities 34,654 37,468 Deferred income taxes and tax uncertainties 139,284 139,283 Total liabilities 1,090,116 1,061,031 Commitments and Contingencies Shareholders' Equity: MSC Industrial Shareholders' Equity: Preferred Stock; $ 0.001 par value; 5,000,000 shares authorized; none issued and outstanding — — Class A Common Stock ( one vote per share); $ 0.001 par value; 100,000,000 shares authorized; 57,224,081 and 57,178,642 shares issued, respectively 57 57 Additional paid-in capital 1,075,861 1,070,269 Retained earnings 443,349 456,850 Accumulated other comprehensive loss ( 24,976 ) ( 21,144 ) Class A treasury stock, at cost, 1,331,729 and 1,276,263 shares, respectively ( 119,207 ) ( 114,235 ) Total MSC Industrial shareholders' equity 1,375,084 1,391,797 Noncontrolling interest 8,322 9,