MSC Industrial Q2 Sales Rise 2.9% to $917.8M, Sees Q3 Margin Near 10%
MSC Industrial reported fiscal Q2 net sales of $917.8 million, up 2.9% year-over-year, with operating income rising 4.1% to $64.8 million and adjusted income climbing 8.5% to $69.1 million, driving adjusted EPS up 13.9% to $0.82. The company forecasts 5–7% daily sales growth and a 9.7–10.3% adjusted operating margin for Q3.
1. Fiscal Q2 Financial Results
MSC Industrial achieved net sales of $917.8 million in its fiscal 2026 second quarter, a 2.9% increase from $891.7 million a year earlier. Income from operations increased 4.1% to $64.8 million, contributing to a 7.1% operating margin.
2. Adjusted Performance Highlights
On an adjusted basis, operating income grew 8.5% to $69.1 million and operating margin expanded to 7.5%, while adjusted net income rose 13.4% to $45.8 million and adjusted diluted EPS increased 13.9% to $0.82.
3. Management Commentary
Management noted core customer daily sales outperformed total company sales for the third consecutive quarter and emphasized structural cost reductions that improved gross margins and delivered incremental margins of 21% on an adjusted basis.
4. Q3 and Full-Year Outlook
For fiscal Q3, MSC Industrial forecasts 5.0%–7.0% average daily sales growth and a 9.7%–10.3% adjusted operating margin. Full-year guidance for depreciation, interest, capex and free cash flow conversion remains unchanged.