NYSE$MSM

MSC Industrial Direct Co. Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

MSC's Q4 2021 financial results were reported, featuring an 11.1% increase in net sales and diluted EPS of $1.18.

MSC Industrial Supply Co. reported strong Q4 2021 results, with net sales increasing by 11.1% year-over-year to $831.0 million and diluted EPS reaching $1.18. The company's average daily sales growth outperformed the Industrial Production Index by approximately 500 basis points, driven by the execution of its five growth drivers.

  • Net sales increased by 11.1% year-over-year, reaching $831.0 million.
  • Average daily sales growth was approximately 500 basis points above the Industrial Production Index.
  • Diluted EPS was $1.18, compared to $0.94 in the prior fiscal year quarter.
  • Adjusted diluted EPS was $1.26, compared to $1.09 in the prior fiscal year quarter.

Headline financials

Total Revenue

$831M

Previous: $748M+11.1%
EPS (adj)

$1.26

Previous: $1.09+15.6%
Capital Expenditures

$16.1M

Previous: $11.1M+45.9%
Free Cash Flow

$69M

Previous: $171M-59.6%
Net Income

$65.9M

Previous: $52.6M+25.2%
Operating Income

$91.2M

Previous: $72.9M+25.1%
Gross Profit

$349M

Previous: $311M+12.2%
Cash & Equivalents

$40.5M

Previous: $125M-67.6%
Total Assets

$2.46B

Previous: $2.38B+3.3%
Stock-Based Comp

$4.31M

Previous: $4.47M-3.5%

Revenue & EPS history

MSC · Revenue · Quarterly

$831M

Q4 2021+11.1%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

MSC provided guidance for fiscal year 2022, targeting growth of at least 300 basis points above the Industrial Production Index and holding gross margins roughly flat. The company expects to save an additional $25 million and invest an additional $15 million in its Mission Critical program and expects to achieve incremental margins of 20% in its likely growth scenarios. Longer term goals include growing sales 400 basis points above the Industrial Production Index and returning ROIC to the high teens by the end of fiscal 2023.

Tailwinds

  • Targeting growth of at least 300 basis points above the Industrial Production Index.
  • Holding gross margins roughly flat.
  • Expecting to save an additional $25 million from Mission Critical program.
  • Expecting to invest an additional $15 million in Mission Critical program.
  • Expecting to achieve incremental margins of 20% in likely growth scenarios.

Headwinds

  • Additional supply chain challenges.
  • Additional labor challenges.

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 Q4 2021

Historical avgQ4 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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