MSC Industrial Q4 Misses Consensus, Net Sales Fall 8% Amid Heavy Manufacturing Weakness
MSC Industrial Q4 Misses Consensus, Net Sales Fall 8% Amid Heavy Manufacturing Weakness
Adjusted operating income for the quarter declined 27.8% to $94.2 million, with the MSC Industrial Direct Company, Inc. (NYSE:MSM) shares are trading lower on Thursday after the company reported fourth-quarter results.
MSC Industrial Direct 公司，Inc.（紐交所：MSM）股價週四下跌，該公司報告了第四季度業績。
Net sales declined 8.0% year-over-year to $952.3 million, missing the consensus of $959.7 million.
淨銷售額同比下降8.0%，爲95230萬美元，低於95970萬美元的共識。
Average daily sales fell 4.7% for the fiscal year due to continued softness in the heavy manufacturing markets, where the company has significant exposure and headwinds from non-repeating orders in the prior year.
由於公司在重型製造業市場持續疲軟，並受到上一年度訂單不重複的影響，導致整個財年日均銷售額下降了4.7%。
Adjusted operating income for the quarter declined 27.8% to $94.2 million, with the operating margin compressing to 9.9% from 12.6% a year ago.
本季度調整後的營業收入下降了27.8%，至9420萬美元，營業利潤率從去年的12.6%下降至9.9%。
Adjusted EPS of $1.03, down 37.2% from the prior year, missed the consensus of $1.08.
調整後的每股收益爲1.03美元，比去年同期下降了37.2%，低於1.08美元的共識。
As of August 31, the company held $29.6 million in cash and cash equivalents.
截至8月31日，該公司持有2960萬美元的現金及現金等價物。
On October 10, MSC Industrial raised the cash dividend per share to $0.85 from $0.83. The dividend will be payable on November 27 to shareholders on record as of November 13.
10月10日，MSC Industrial 將每股現金股息從0.83美元提高至0.85美元。該股息將於11月27日支付，股東記錄日爲11月13日。
Outlook: MSC Industrial expects first-quarter ADS to decline 5.5% – 4.5% and anticipates an adjusted operating margin of 7.0% – 7.5%.
展望：MSC Industrial 預計第一季度ADS下降5.5%至4.5%，並預計調整後的營業利潤率爲7.0%至7.5%。
For FY25, the company expects free cash flow conversion of ~100% and capital expenditures of ~$100 million – $110 million.
公司預計在FY25年，自由現金流轉換率約爲100%，資本支出約爲10000萬11000萬美元。
Kristen Actis-Grande, Executive Vice President and Chief Financial Officer, said, "Near-term visibility remains limited underpinned by uncertainty stemming from the upcoming election and sluggish customer activity levels entering the holiday season. However, we witnessed various improvements for the fiscal year that are leading indicators for future profitability and growth."
首席財務官Kristen Actis-Grande表示：「由於即將到來的選舉和進入假期季節的客戶活動水平低迷的不確定性，短期能見度仍然有限。然而，我們在本財政年度看到了多項改善，這些是未來盈利能力和增長的先行指標。」
Investors can gain exposure to the stock via First Trust RBA American Industrial Renaissance ETF (NASDAQ:AIRR) and ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (BATS:OUSM).
投資者可以通過first trust rba american industrial renaissance etf (納斯達克:AIRR)和alps o'shares u.s. small-cap quality dividend etf (BATs:OUSM)來獲取該股票的收益。
Price Action: MSM shares are down 4.49% at $77.21 at the last check Thursday.
股價表現：在週四最新查詢時，MSC股價下跌4.49%，報77.21美元。
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