MSC INDUSTRIAL DIRECT CO INC

MSC Industrial announced that Neal Dongre will transition from his role as Senior Vice President, General Counsel, and Corporate Secretary to Special Advisor, effective July 20, 2026. He will remain employed in this advisory capacity until August 31, 2026, to assist with the transition of his duties. In consideration for his continued service and a release of claims, Mr. Dongre will receive his current salary, health benefits, applicable vesting of equity awards, his fiscal year 2026 annual cash performance bonus, and accelerated vesting of certain equity awards.

MSC Industrial reported strong third-quarter results for fiscal year 2026, with net sales increasing to $1.05 billion and net income attributable to MSC Industrial rising to $80.36 million. Diluted EPS for the quarter was $1.44. For the thirty-nine weeks, net sales reached $2.93 billion and net income was $174.65 million. The company also completed the acquisition of the remaining noncontrolling interest in two subsidiaries and amended its Receivables Purchase Agreement, increasing its maximum aggregate commitment to $350 million.

MSC Industrial Direct Co., Inc. reported strong fiscal third-quarter 2026 results, with net sales increasing 7.8% year-over-year to $1,047.1 million and diluted EPS rising 41.2% to $1.44. Adjusted diluted EPS was $1.43, up 32.4% from the prior year, exceeding expectations due to strength in Core Customer and National Accounts. The company also achieved significant operating margin expansion and provided a positive outlook for fiscal Q4 2026, projecting average daily sales growth of 6.5% to 8.5% and an adjusted operating margin of 10.0% to 10.8%.

MSC Industrial Direct Co., Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.87 per share on the company's common stock. The dividend is scheduled to be paid on July 22, 2026, to shareholders who are on record as of the close of business on July 8, 2026.

MSC Industrial Direct Co., Inc. announced that Neal Dongre, Senior Vice President, General Counsel, and Corporate Secretary, voluntarily resigned from his position on April 10, 2026. Mr. Dongre will continue to serve in his current role until a successor is appointed and will remain an employee through the remainder of the company's fiscal year 2026. The company stated that his decision to resign was not due to any disagreements regarding its operations, policies, or practices.