MSC Industrial Direct Co Inc Class A

MSM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$45.00	Wjqsqwz	Kfxchmfp

MSC Lowers 2024 Guidance Following a Challenging Fiscal Third Quarter

Dawit Woldemariam

Jun 14, 2024

MSC reported preliminary fiscal third-quarter earnings, which showed lower sales and profitability than we had expected. As a result, we reduced our fair value estimate by 4.5% to $104 per share (from $109 previously). The market sent the company’s shares down by approximately 10% in intraday trading.

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