MSC Industrial Analysts Boost Their Forecasts After Upbeat Q3 Results

MSC Industrial Direct Company, Inc. (NYSE: MSM ) on Wednesday reported upbeat fiscal third-quarter 2026 results. Adjusted earnings came in at $1.43 per share, beating the analyst consensus estimate of $1.26. Revenue increased 7.8% year over year to $1.047 billion, exceeding analysts’ expectations of $1.031 billion. Pricing contributed 720 basis points to growth, while volume added 50 basis points sequentially. For the fiscal fourth quarter, MSC expects average daily sales growth of 6.5% to 8.5%, with June average daily sales projected to increase about 7%. The company expects gross margin to decline 40 to 50 basis points sequentially because of normal seasonal trends. Adjusted operating margin is forecast to range between 10.0% and 10.8%, implying incremental operating margins in the mid-20% range. MSC Industrial Direct shares rose 2.1% to trade at $125.90 on Thursday. These analysts...