NYSE$MSM
MSC Industrial Direct Co. Inc. · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
MSC's financial performance significantly improved in the second quarter of fiscal year 2022, marked by double-digit sales growth and enhanced profitability.
MSC Industrial Supply Co. reported a strong second quarter in fiscal 2022, with net sales increasing by 11.4% to $862.5 million. The company's diluted EPS rose to $1.25, and adjusted diluted EPS increased by 25.2% to $1.29. The company is raising its annual adjusted operating margin framework to between 12.5% and 13.1%.
- Net sales increased by 11.4% to $862.5 million.
- Diluted EPS increased to $1.25, compared to $0.32 in the prior year quarter.
- Adjusted diluted EPS increased by 25.2% to $1.29.
- The company is raising its fiscal 2022 annual adjusted operating margin framework to between 12.5% and 13.1%.
Headline financials
Revenue & EPS history
MSC · Revenue · Quarterly
$863M
Forward guidance
MSC Industrial Supply Co. is adding a low double-digit growth tier to its fiscal 2022 annual adjusted operating margin framework with a corresponding annual adjusted operating margin between 12.5% and 13.1%.
Tailwinds
- Gross margin countermeasures are working well.
- Company can keep gross margins flat or better for full year fiscal 2022 versus fiscal 2021.
- Strong top line growth combined with gross margin execution and Mission Critical cost savings resulted in 11.6% adjusted operating margin.
- Adjusted incremental margin was 22.4% over the prior year fiscal second quarter.
- Company is already at or above long-range target of growing sales by at least 400 basis points above the Industrial Production Index.
Headwinds
- Impact of the COVID-19 pandemic on sales, operations, and supply chain.
- General economic conditions in the markets.
- Volatility in commodity and energy prices, the impact of prolonged periods of low, high and rapid inflation, and fluctuations in interest rates.
- Risk of customer cancellation or rescheduling of orders.
- Work stoppages, labor shortages or other business interruptions.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2022
-0.9%
Avg return
Earnings day
-0.8%
Avg return
5 days after
+2.5%
Avg return
30 days after
43%
29 / 67 earnings
Positive
+8.1%
Q1 2017
Best reaction
-17.1%
Q3 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | — | — | — | |
| Q2 2026 | +0.8% | +6.7% | — | |
| Q1 2026 | -4.4% | -1.6% | +12.5% | |
| Q4 2025 | +3.0% | -3.1% | +1.2% | |
| Q3 2025 | -1.9% | -3.0% | -2.9% | |
| Q2 2025 | -5.2% | -11.5% | -2.1% | |
| Q1 2025 | +0.1% | +3.4% | +0.5% | |
| Q4 2024 | -2.7% | +2.0% | +5.7% | |
| Q3 2024 | +0.4% | -1.1% | +7.8% | |
| Q2 2024 | -3.6% | -4.9% | -6.3% | |
| Q1 2024 | -1.9% | +0.4% | +2.9% | |
| Q4 2023 | -1.9% | -1.7% | +3.8% | |
| Q3 2023 | -0.7% | -0.2% | +4.1% | |
| Q2 2023 | +0.2% | +0.1% | +6.2% | |
| Q1 2023 | -3.9% | -1.9% | +9.0% | |
| Q4 2022 | +1.9% | +3.5% | +9.9% | |
| Q3 2022 | +2.1% | +1.5% | +12.4% | |
| Q2 2022 | +3.1% | +2.0% | +0.3% | |
| Q1 2022 | -0.0% | +0.6% | -1.6% | |
| Q4 2021 | -4.1% | -4.1% | -2.4% | |
| Q3 2021 | -1.0% | -0.4% | -5.4% | |
| Q2 2021 | -1.8% | -2.5% | +2.2% | |
| Q1 2021 | +2.7% | +0.5% | +4.0% | |
| Q4 2020 | +1.3% | +5.1% | +28.8% | |
| Q3 2020 | -12.9% | -12.0% | -6.4% | |
| Q2 2020 | +3.7% | -1.7% | +4.3% | |
| Q1 2020 | -1.2% | +0.9% | -7.5% | |
| Q4 2019 | +1.3% | -0.2% | -0.3% | |
| Q3 2019 | -1.6% | -0.2% | -5.9% | |
| Q2 2019 | -3.1% | -2.0% | -8.1% | |
| Q1 2019 | +0.9% | +1.9% | +5.1% | |
| Q4 2018 | +5.9% | +9.6% | +14.3% | |
| Q3 2018 | -4.2% | -3.7% | +0.3% | |
| Q2 2018 | -3.9% | -3.1% | +0.2% | |
| Q1 2018 | -2.6% | -3.0% | -8.7% | |
| Q4 2017 | +1.6% | +3.1% | +13.3% | |
| Q3 2017 | -17.1% | -14.6% | -19.9% | |
| Q2 2017 | -7.0% | -8.5% | -12.7% | |
| Q1 2017 | +8.1% | +7.2% | +13.3% | |
| Q4 2016 | -1.2% | +1.0% | +23.4% | |
| Q3 2016 | +4.3% | +2.6% | +2.9% | |
| Q2 2016 | -0.5% | — | — | |
| Q1 2016 | +6.7% | — | — | |
| Q4 2015 | +3.3% | — | — | |
| Q3 2015 | +4.1% | — | — | |
| Q2 2015 | -1.3% | — | — | |
| Q1 2015 | -5.1% | — | — | |
| Q4 2014 | -5.4% | — | — | |
| Q3 2014 | -5.3% | — | — | |
| Q2 2014 | +2.0% | — | — | |
| Q1 2014 | +4.0% | — | — | |
| Q4 2013 | -8.4% | — | — | |
| Q3 2013 | -0.2% | — | — | |
| Q2 2013 | -5.3% | — | — | |
| Q1 2013 | -1.3% | — | — | |
| Q4 2012 | +4.1% | — | — | |
| Q3 2012 | +5.0% | — | — | |
| Q2 2012 | -3.2% | — | — | |
| Q1 2012 | -0.2% | — | — | |
| Q2 2011 | +4.2% | — | — | |
| Q4 2009 | +4.2% | — | — | |
| Q4 2011 | +4.2% | — | — | |
| Q3 2010 | +1.8% | — | — | |
| Q3 2011 | +1.8% | — | — | |
| Q2 2010 | -4.2% | — | — | |
| Q1 2010 | -7.0% | — | — | |
| Q1 2011 | -7.0% | — | — | |
| Q4 2010 | -7.0% | — | — |
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