Movement Alert｜MSC Industrial Direct Pre-Market Rise 7.27% in Pre-Market Trading, Fiscal Q4 Results Beat Expectations

Market Focus10-23 18:30

On October 23, MSC Industrial Direct rose 7.27% in Pre-Market Trading, trading at $116.2967.

The move followed the company’s latest fiscal fourth-quarter results, which came in above market expectations and pointed to improving business trends after a record quarter.

Adjusted EPS was $1.45, above the $1.41 consensus and up from $1.09 a year earlier, while revenue reached $1.079 billion, topping the $1.072 billion expectation and rising from $978.2 million last year. Management said the turnaround is taking hold, with strong sales momentum supporting the start of the next fiscal year. Earlier supportive developments included a quarterly dividend increase to $0.89 per share announced in October.

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