About the Company
MSC Industrial Direct Co., Inc (MSC), through its subsidiaries, primarily, MSC Industrial Supply Co., it is one of the largest industrial equipment distributors in the United States, distributing more than 1.5 million metalworking and other industrial products. MSC was founded in 1941 as Sid Tool, Inc., by Sidney Jacobson, in New York's Little Italy. It originally sold cutting tools and accessories to New York City machine shops. The company later moved its headquarters to Plainview, New York. In 1970, Manhattan Supply Company was acquired and, in 1998, moved its headquarters to Melville, New York, on Long Island. The company currently operates from five regional Customer Fulfillment Centers and 12 branch offices. In 1997 MSC acquired Enco Manufacturing Company. On June 8, 2006, MSC completed the acquisition of J & L America, Inc. DBA J & L Industrial Supply (J & L), a subsidiary of Kennametal, for $349.5 million. In 2013, Erik Gershwind, Sid Jacobson's grandson, was named President and Chief Executive Officer. In 2013 the company opened its co-headquarters office in Davidson, North Carolina, which is located in the Charlotte metropolitan area. The company has expanded to 750 employees at the co-headquarters, with 120 employees making the move to the Carolinas from the Melville office. In 2013, MSC acquired Barnes Distribution North America to expand its footprint in Canada. The business was renamed Class C Solutions Group. In 2017, MSC acquired DECO Tool Supply Co., an industrial supply distributor based in Davenport, Iowa, to expand its footprint in the region. In 2018, MSC acquired All Integrated Solutions, a value-added distributor of industrial fasteners and components, MRO supplies and assembly tools based in Franksville, Wisconsin. In 2019, MSC completed a transaction with TAC Global Solutions, a Mexican industrial distribution company, to expand into Mexico. In 2022, MSC acquired Engman-Taylor, a Menomonee Falls, Wisconsin-based distributor of metalworking tools and supplies. That same year, MSC also acquired Tower Fasteners, a Holtsville, New York-based valued-added distributor of Original Equipment Manufacturer (OEM) fasteners and components. In 2023, MSC acquired Buckeye Industrial Supply Co., an independent metalworking distributor based in Columbus, Ohio, and Tru-Edge Grinding Inc., a St. Henry, Ohio-based custom tool manufacturer.
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Latest $MSM News
MSC Industrial Direct Co Inc's Dividend Analysis
MSC Industrial Direct Co Inc(NYSE:MSM) recently announced a dividend of $0.83 per share, payable on 2024-04-23, with the ex-dividend date set for 2024-04-08. As investors look forward to this ...
Is There An Opportunity With MSC Industrial Direct Co., Inc.'s (NYSE:MSM) 40% Undervaluation?
Current share price of US$92.46 suggests MSC Industrial Direct is potentially 40% undervalued The US$108 analyst price target for MSM is 30% less than our estimate of fair value ...
MSC Industrial Direct Co., Inc. (NYSE:MSM) Q2 2024 Earnings Call Transcript
MSC Industrial Direct Co., Inc. (NYSE:MSM) Q2 2024 Earnings Call Transcript March 28, 2024 MSC Industrial Direct Co., Inc.
Most preferred stocks in industrial distribution and building products - Baird
Baird analysts ranked the most preferred industrial distribution and building products stocks in a recent analysis.
MSC Industrial Direct (NYSE: MSM)
MSC Industrial Direct Co., Inc. engages in the distribution of metalworking and maintenance, repair, and operations products and services. Its products include cutting tools, measuring instruments ...
MSC Industrial Direct Co. Inc - Class A
MSC Industrial Direct Co. Inc is a key player in distributing a wide range of products and services for metalworking and maintenance, repair, and operations (MRO) across several countries ...
Here's Why Industrial Stocks Are Set for a Tough Earnings Season
Industrial supply companies serve as reliable indicators for the industrial economy. Their sales cycles are notably short, ...
MSC Industrial Direct Company Inc. Q2 Profit Decreases, but beats estimates
(RTTNews) - MSC Industrial Direct Company Inc. (MSM) revealed a profit for second quarter that decreased from the same period last year but beat the Street estimates. The company's earnings came ...
MSC Industrial Direct Co Inc Class A
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
MSC Industrial Direct Co., Inc. (NYSE:MSM) Q2 2024 Earnings Call Transcript
We are clearly encouraged by what we’re seeing. And I think the execution has been really good. Have there been any surprises sure, there’s always going to be surprised. I would say nothing ...
MSC Industrial Direct Co Inc's Dividend Analysis
MSC Industrial Direct Co Inc(NYSE:MSM) recently announced a dividend of $0.83 per share, payable on 2024-04-23, with the ex-dividend date set for 2024-04-08. As investors look forward to this upcoming ...
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