$MSM

MSC INDUSTRIAL DIRECT CO INC

CIK:0001003078|SEC Filings

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	May 30, 2026	May 31, 2025	May 30, 2026	May 31, 2025
Income Statement [Abstract]
Net sales	$ 1,047,083	$ 971,145	$ 2,930,541	$ 2,791,346
Cost of goods sold	616,678	573,406	1,729,871	1,650,190
Gross profit	430,405	397,739	1,200,670	1,141,156
Operating expenses	323,660	312,324	945,570	917,465
Restructuring and other costs	0	2,680	7,324	6,430
Income from operations	106,745	82,735	247,776	217,261
Other income (expense):
Interest expense	(5,383)	(6,031)	(16,386)	(18,332)
Interest income	156	368	561	942
Other income (expense), net	2,726	(1,958)	(4,175)	(12,442)
Total other expense	(2,501)	(7,621)	(20,000)	(29,832)
Income before provision for income taxes	104,244	75,114	227,776	187,429
Provision for income taxes	25,539	18,253	55,805	45,727
Net income	78,705	56,861	171,971	141,702
Less: Net (loss) income attributable to noncontrolling interest	(1,657)	16	(2,679)	(1,080)
Net income attributable to MSC Industrial	$ 80,362	$ 56,845	$ 174,650	$ 142,782
Net income per common share:
Basic (in usd per share)	$ 1.44	$ 1.02	$ 3.13	$ 2.56
Diluted (in usd per share)	$ 1.44	$ 1.02	$ 3.12	$ 2.55
Weighted-average shares used in computing net income per common share:
Basic (in shares)	55,838	55,694	55,817	55,795
Diluted (in shares)	55,990	55,765	55,955	55,895

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	May 30, 2026	May 31, 2025
Cash Flows from Operating Activities:
Net income	$ 171,971	$ 141,702
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	75,788	67,501
Amortization of cloud computing arrangements	964	1,439
Non-cash operating lease cost	17,691	17,563
Stock-based compensation	14,423	10,397
Loss on disposal of property	611	1,742
Property, plant and equipment asset impairment	1,890	0
Non-cash changes in fair value of estimated contingent consideration	(696)	293
Provision for credit losses	8,054	5,699
Expenditures for cloud computing arrangements	(3,896)	(4,430)
Deferred income taxes and tax uncertainties	(578)	(726)
Changes in operating assets and liabilities:
Accounts receivable	2,959	(3,806)
Inventories	(37,951)	(4,761)
Prepaid expenses and other current assets	(357)	(2,335)
Operating lease liabilities	(17,834)	(17,700)
Other assets	4	62
Accounts payable and accrued liabilities	(7,508)	40,821
Total adjustments	53,564	111,759
Net cash provided by operating activities	225,535	253,461
Cash Flows from Investing Activities:
Expenditures for property, plant and equipment	(64,130)	(71,109)
Cash used in acquisitions	(240)	(790)
Net proceeds from sale of property	1,057	30,336
Net cash used in investing activities	(63,313)	(41,563)
Cash Flows from Financing Activities:
Repurchases of Class A Common Stock	(13,894)	(39,138)
Payments of regular cash dividends	(145,752)	(142,252)
Proceeds from sale of Class A Common Stock in connection with Associate Stock Purchase Plan	2,999	3,193
Borrowings under credit facilities	271,000	239,250
Payments under credit facilities	(251,000)	(226,750)
Purchase of noncontrolling interest	(8,195)	0
Other, net	568	(3,901)
Net cash used in financing activities	(144,274)	(169,598)
Effect of foreign exchange rate changes on cash and cash equivalents	(82)	(196)
Net increase in cash and cash equivalents	17,866	42,104
Cash and cash equivalents—beginning of period	56,228	29,588
Cash and cash equivalents—end of period	74,094	71,692
Supplemental Disclosure of Cash Flow Information:
Cash paid for income taxes	58,763	35,402
Cash paid for interest	$ 16,448	$ 18,036

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	May 30, 2026	Aug. 30, 2025
Current Assets:
Cash and cash equivalents	$ 74,094	$ 56,228
Accounts receivable, net of allowance for credit losses of $23,884 and $22,365, respectively	413,258	423,306
Inventories	684,118	644,090
Prepaid expenses and other current assets	105,280	102,930
Total current assets	1,276,750	1,226,554
Property, plant and equipment, net	343,887	346,706
Goodwill	724,075	723,702
Identifiable intangibles, net	73,819	85,455
Operating lease assets	48,148	52,464
Other assets	28,982	27,183
Total assets	2,495,661	2,462,064
Current Liabilities:
Current portion of debt including obligations under finance leases	417,219	316,868
Current portion of operating lease liabilities	22,500	22,236
Accounts payable	229,418	225,150
Accrued expenses and other current liabilities	155,596	165,092
Total current liabilities	824,733	729,346
Long-term debt including obligations under finance leases	89,555	168,831
Noncurrent operating lease liabilities	26,150	30,872
Deferred income taxes and tax uncertainties	135,802	136,513
Total liabilities	1,076,240	1,065,562
Commitments and Contingencies
MSC Industrial Shareholders’ Equity:
Preferred Stock; $0.001 par value; 5,000,000 shares authorized; none issued and outstanding	0	0
Class A Common Stock; $0.001 par value; 100,000,000 shares authorized; 57,166,810 and 57,086,377 shares issued, respectively	57	57
Additional paid-in capital	1,107,522	1,093,630
Retained earnings	451,403	432,622
Accumulated other comprehensive loss	(19,528)	(20,736)
Class A treasury stock, at cost, 1,320,624 and 1,296,625 shares, respectively	(120,033)	(117,363)
Total MSC Industrial shareholders’ equity	1,419,421	1,388,210
Noncontrolling interest	0	8,292
Total shareholders’ equity	1,419,421	1,396,502
Total liabilities and shareholders’ equity	$ 2,495,661	$ 2,462,064