MSC Industrial Q1 2024: Class A Shares Decline to 49.9M
Ticker: MSM · Form: 10-Q · Filed: 2024-01-09T00:00:00.000Z
Sentiment: neutral
Topics: share-count, capital-structure, 10-Q
TL;DR
**MSC's Class A shares dipped to 49.9M, potentially signaling buybacks and EPS boost.**
AI Summary
MSC Industrial Direct Co Inc. filed its 10-Q for the quarter ending December 2, 2023, showing changes in its capital structure. The company reported 49,944,000 shares of Class A Common Stock outstanding as of December 2, 2023, a slight decrease from 50,056,000 shares on September 2, 2023. Class B Common Stock remained stable at 4,400,000 shares. This matters to investors because changes in outstanding shares, particularly Class A, can impact earnings per share and shareholder value, indicating potential share repurchases or issuances.
Why It Matters
A decrease in Class A common stock outstanding could signal share buybacks, which typically boost earnings per share and shareholder value, making the stock more attractive.
Risk Assessment
Risk Level: low — The filing primarily details changes in share counts, which are generally low-risk disclosures unless significant dilution or aggressive buybacks are indicated.
Analyst Insight
Investors should monitor future filings for continued share count reductions, as sustained buybacks could positively impact EPS and stock valuation. This filing alone doesn't provide enough detail to confirm a strong buyback program, but it's a data point to watch.
Key Numbers
- 49,944,000 — Class A Common Stock shares outstanding (as of December 2, 2023, indicating a slight reduction from the previous period)
- 4,400,000 — Class B Common Stock shares outstanding (as of December 2, 2023, showing stability compared to the previous period)
Key Players & Entities
- MSC INDUSTRIAL DIRECT CO INC (company) — the filer of the 10-Q
- 49,944,000 (dollar_amount) — Class A Common Stock shares outstanding as of December 2, 2023
- 50,056,000 (dollar_amount) — Class A Common Stock shares outstanding as of September 2, 2023
- 4,400,000 (dollar_amount) — Class B Common Stock shares outstanding as of December 2, 2023 and September 2, 2023
- December 2, 2023 (date) — end of the reporting period for the 10-Q
- September 2, 2023 (date) — beginning of the reporting period for the 10-Q
Forward-Looking Statements
- The slight decrease in Class A shares suggests potential ongoing share repurchases. (MSC INDUSTRIAL DIRECT CO INC) — medium confidence, target: 2024-08-31
FAQ
What was the total number of Class A Common Stock shares outstanding for MSC Industrial Direct Co Inc. as of December 2, 2023?
As of December 2, 2023, MSC Industrial Direct Co Inc. had 49,944,000 shares of Class A Common Stock outstanding.
How did the number of Class A Common Stock shares change from September 2, 2023, to December 2, 2023?
The number of Class A Common Stock shares decreased from 50,056,000 on September 2, 2023, to 49,944,000 on December 2, 2023.
What was the number of Class B Common Stock shares outstanding as of December 2, 2023?
As of December 2, 2023, there were 4,400,000 shares of Class B Common Stock outstanding.
Did the number of Class B Common Stock shares change between September 2, 2023, and December 2, 2023?
No, the number of Class B Common Stock shares remained constant at 4,400,000 from September 2, 2023, to December 2, 2023.
What is the fiscal year end for MSC Industrial Direct Co Inc.?
The fiscal year end for MSC Industrial Direct Co Inc. is August 31.
From the Filing
0001003078-24-000008.txt : 20240109 0001003078-24-000008.hdr.sgml : 20240109 20240109141627 ACCESSION NUMBER: 0001003078-24-000008 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 72 CONFORMED PERIOD OF REPORT: 20231202 FILED AS OF DATE: 20240109 DATE AS OF CHANGE: 20240109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MSC INDUSTRIAL DIRECT CO INC CENTRAL INDEX KEY: 0001003078 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 113289165 STATE OF INCORPORATION: NY FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-14130 FILM NUMBER: 24522826 BUSINESS ADDRESS: STREET 1: 515 BROADHOLLOW ROAD CITY: MELVILLE STATE: NY ZIP: 11747 BUSINESS PHONE: 516-812-2000 MAIL ADDRESS: STREET 1: 515 BROADHOLLOW ROAD CITY: MELVILLE STATE: NY ZIP: 11747 10-Q 1 msm-20231202.htm 10-Q msm-20231202 0001003078 08-31 2024 Q1 false 0001003078 2023-09-03 2023-12-02 0001003078 2023-12-20 xbrli:shares 0001003078 2023-12-02 iso4217:USD 0001003078 2023-09-02 iso4217:USD xbrli:shares 0001003078 us-gaap:CommonClassAMember 2023-09-02 msm:vote 0001003078 us-gaap:CommonClassAMember 2023-12-02 0001003078 us-gaap:CommonClassBMember 2023-09-02 0001003078 us-gaap:CommonClassBMember 2023-12-02 0001003078 2022-09-04 2022-12-03 0001003078 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2023-09-02 0001003078 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2022-09-03 0001003078 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2023-09-03 2023-12-02 0001003078 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2022-09-04 2022-12-03 0001003078 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2023-12-02 0001003078 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2022-12-03 0001003078 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2023-09-02 0001003078 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2022-09-03 0001003078 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2023-09-03 2023-12-02 0001003078 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2022-09-04 2022-12-03 0001003078 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2023-12-02 0001003078 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2022-12-03 0001003078 us-gaap:AdditionalPaidInCapitalMember 2023-09-02 0001003078 us-gaap:AdditionalPaidInCapitalMember 2022-09-03 0001003078 us-gaap:AdditionalPaidInCapitalMember 2023-09-03 2023-12-02 0001003078 us-gaap:AdditionalPaidInCapitalMember 2022-09-04 2022-12-03 0001003078 us-gaap:AdditionalPaidInCapitalMember us-gaap:CommonClassAMember 2023-09-03 2023-12-02 0001003078 us-gaap:AdditionalPaidInCapitalMember us-gaap:CommonClassAMember 2022-09-04 2022-12-03 0001003078 us-gaap:AdditionalPaidInCapitalMember 2023-12-02 0001003078 us-gaap:AdditionalPaidInCapitalMember 2022-12-03 0001003078 us-gaap:RetainedEarningsMember 2023-09-02 0001003078 us-gaap:RetainedEarningsMember 2022-09-03 0001003078 us-gaap:RetainedEarningsMember 2023-09-03 2023-12-02 0001003078 us-gaap:RetainedEarningsMember 2022-09-04 2022-12-03 0001003078 us-gaap:RetainedEarningsMember us-gaap:CommonClassAMember 2023-09-03 2023-12-02 0001003078 us-gaap:RetainedEarningsMember us-gaap:CommonClassAMember 2022-09-04 2022-12-03 0001003078 us-gaap:CommonClassBMember us-gaap:RetainedEarningsMember 2023-09-03 2023-12-02 0001003078 us-gaap:CommonClassBMember us-gaap:RetainedEarningsMember 2022-09-04 2022-12-03 0001003078 us-gaap:RetainedEarningsMember 2023-12-02 0001003078 us-gaap:RetainedEarningsMember 2022-12-03 0001003078 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-09-02 0001003078 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-09-03 0001003078 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-09-03 2023-12-02 0001003078 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-09-04 2022-12-03 0001003078 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-02 0001003078 us-gaap:AccumulatedOtherComprehensiveIncomeMemb