2Q 2022. Ms. Goeser has extensive experience in senior executive positions and as a director of large public companies, and she possesses the knowledge and expertise necessary to contribute an important viewpoint on a wide variety of governance and operational issues, as well as the reporting and other responsibilities of a public company. Thank you. Sales of safety and janitorial products declined roughly 12%. Ms. Actis-Grande holds a Master's of Business Administration from Kelley School of Business at Indiana University and a Bachelor's of Science in finance from Lehigh University College of Business and Economics. Earnings Release. And so really we think the timing is right, and what we're doing is helping our team with getting paid for the value. Announces Ryan Mills as Head of Investor Relations. During the last five years, Ms. Goeser previously served as a director and a member of the Audit Committee and the Compensation, Governance and Nominating Committee of Talen Energy Corporation and as a director and member of the Compensation, Governance and Nominating Committee of PPL Corporation. MSC Industrial Dec 21, 2021. Q3 2023. Earnings Release. Thank you, Kristen. (294KB), June 15, 2016 - William Blair Conference Presentation Email me the chat transcript. And while these extreme conditions do create some challenges for MSC, they nonetheless provide a backdrop for significant market share capture from the 70% of the distribution market that's made up of local and regional distributors. in XLS file. 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/msc-industrial-supply-co-announces-ryan-mills-as-head-of-investor-relations-301853407.html, MSC Industrial Direct Co's Ex-Dividend Date Is Monday, Here's What You Need To Know, JP Morgan Maintains Neutral Rating for MSC Industrial Direct Co: Here's What You Need To Know, What 8 Analyst Ratings Have To Say About MSC Industrial Direct Co, MSC Industrial (MSM) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates, MSC Industrial (MSM) Q3 Earnings Miss Estimates, Revenues Beat, Registration on or use of this site constitutes acceptance of our. Open Amendment to a SC 13D filing in XLS file. We get to know your business, understand your goals, analyze areas where you can drive efficiencies, and document recommended changes through a range of solutions to address your specific needs. Ms. Purcell has served as Chief Transformation Officer, North America of LOral USA, a division of LOral S.A., the worlds largest cosmetics company, since 2022. FY17 Q2 Earnings Presentation. Select the filing type and date range you wish to view from the drop-down menus below. MSC assumes no duty to update any information contained in SEC Filings to reflect subsequent developments. Executive Officers, Board of Directors & Committees of the Company. They're at the total growth, which we expect to remain strong. Ms. Goeser previously served as President and Chief Executive Officer of Ford of Mexico from January 2005 to November 2008. I'd say, Mike, there's definitely some things we do differently around the New Year to ensure kind of a steady flow of products, get around any sort of delays or disruption from the New Year. Yeah. Neal took on the role of General Counsel & Corporate Secretary in 2022. MSC Industrial Investors are cautioned not to place undue reliance on these forward-looking statements. Ms. Actis-Grande commented, "We are thrilled to have Ryan join the MSC team. There are no other family relationships among any of our directors or executive officers. Hard copies of annual reports may be available and can be requested by. First quarter gross margins, however, came in below our expectations. Webcast. We're not -- this is not the time to be kind of skimping on inventory levels. And that's exactly the adjustments we're making. On the other hand, supply chain and labor constraints remain tight, creating ongoing challenges with scarcity of supply, inflation and continuity of operations. Mr. Gershwind has held senior management positions responsible for key business functions of the company and is a key contributor to our current strategy and success. I will follow up. About MSC In this role, she has responsibility for the companys U.S. & Class C Solutions Group (CCSG) sales teams which include field, telesales and inside operational centers of excellence (Customer Care Operations, Commercial Operations and CCSG Operations). Jun 16, 2023. Open Correspondence from the SEC to the Filer in DOC file. MSC has a long history of delivering value for shareholders and we are fortunate to have a professional of Ryan's caliber leading our investor relations efforts going forward.". Mr. Jacobson and Ms. Gershwind Fiverson are also our principal shareholders. 2000 - 2021 MSC Industrial Direct Co.,Inc. Mr. Jacobson is the uncle of Erik Gershwind, our President and Chief Executive Officer and a director of the company, and the brother of Marjorie Gershwind Fiverson, Mr. Gershwinds mother. from 8 AM - 9 PM ET. Site Map | Terms and Conditions of Sale | Privacy Policy, 2000 - 2021 MSC Industrial Direct Co.,Inc.All Rights Reserved. Investor Relations MSC Industrial Direct He has a proven track record of applying his extensive financial and industry experience to effectively communicate and develop relationships with new and existing investors. 6 min read MELVILLE, N.Y. and DAVIDSON, N.C., June 16, 2023 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. And maybe I'll let Kristen touch -- put a little more. And our next question today comes from David Manthey at Baird. EMERGING STRONGER, DRIVING RESULTS We definitely appreciate that. And just when it comes to target setting and mindset and execution of growth programs, there is a tone inside the company about raising the bar on performance, given that we've had a couple of good quarters. Billionaire Adani Gets Final Nod to Revamp Famous Mumbai Slum, Crypto Trading Volumes Spiked as the Market Celebrated a Court Setback for the SEC, Australian Lender NAB Blocks Some Payments to High-Risk Crypto Exchanges, BlockFi Management IgnoredWarnings About FTX and Alameda, Creditors Allege, Head:Investor Relations, Msc Industrial Supply Co. The inclusion of any statement in this press release does not constitute an admission by MSC or any other person that the events or circumstances described in such statement are material. All Financials. U.S. Customers: For prompt service please call our MSC eCommerce Customer Care Team at 800-753-7970. International Customers: For prompt service please call our International Customer Care Team at 1-888-080-2048 (within the U.S.) or 001-248-200-4420 (outside the U.S.). MSC INDUSTRIAL SUPPLY CO. I'm wondering why now, and not three or six months ago, it seems like pricing and inflation has been front page news for a long time. Before I turn it back to Erik, let me share a few comments on our fiscal second quarter and beyond. Company Participants. Open Non-EDGAR filing submitted by "insiders" prior to intended sale of restricted stock in HTML. Accordingly, future results may differ materially from historical results or from those discussed or implied by these forward-looking statements. Documents 4. Erik Gershwind, our Chief Executive Officer; and Kristen Actis-Grande, our Chief Financial Officer are both on the call with me. For example, we've instilled more rigor around price execution and discount management. John has held various roles in executive leadership positions in IT, strategic planning, business development and strategic sourcing. FY17 Q2 Earnings Presentation. MELVILLE, N.Y. and DAVIDSON, N.C., June 16, 2023 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), "MSC," "MSC Industrial" or the "Company," a leading North American distributor of a broad range of metalworking and maintenance, repair and operations (MRO) products and services, today announced that Ryan Mills will join the Company as Head of Investor Relations effective June 19, 2023. MSC MSC No. Open Correspondence from the Filer to the SEC in HTML. From April 2014 to May 2016, Ms. Actis-Grande served as a Director of Selling Finance and Business Initiatives, Residential HVAC and Supply at Ingersoll-Rand plc. I remain encouraged by the improving execution that I see throughout the company, as we are gaining traction with each passing month. MSC INDUSTRIAL All participants will be in a listen-only mode. Our fiscal 2022 is off to a solid start. News Releases | MSC Direct - Investor Relations MSC Industrial In fact, hiring and staffing, even our own operations is a challenge. If you have an ad-blocker enabled you may be blocked from proceeding. Q3 2022. WebNEWS NEWS MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2022 FIRST QUARTER RESULTS FISCAL 2022 Q1 HIGHLIGHTS Net sales of $848.5 million, an increase of 9.9% YoY Average daily sales growth of nearly 500 basis points above Industrial Production Index Operating income of $90.7 million, or $96.0 million excluding restructuring and other So, does that mean you're getting -- if that's 500 basis points ahead, like you did this quarter, are you getting to that target faster? Siemens Mesoamrica is the Mexican, Central American and Caribbean unit of multinational Siemens AG, a global engineering company operating in the industrial, energy and healthcare sectors. Open Amendment to a SC 13D filing in HTML. Ms. Martina McIsaac joined MSC Industrial Supply Co. as Executive Vice President and Chief Operating Officer in October 2022. Open Report of unscheduled material events or corporate event in PDF file. He also served as Vice President, Solutions Delivery at W.W. Grainger and was responsible for leading all application development and maintenance for the company. (69 KB) FY17 Q1 Earnings Presentation. It's largely due to segment mix, as our national accounts businesses recovered pretty strong, but keeping a careful eye on AR and definitely have some Mission Critical initiatives that are targeting that section of the balance sheet. Prior to 1999, Ms. Goeser served as General Manager, Refrigeration and Vice President, Corporate Quality at Whirlpool Corporation and held various leadership positions with Westinghouse Electric Corporation. Mr. Pellers extensive experience in global audit, financial, risk and compliance matters provides invaluable expertise to our Board. Chat is available Monday through Friday from 8:00AM - 8:00 PM EST. And I'd like to thank all of you for joining us today, and we hope you enjoy a healthy and safe holiday season. Ms. McIsaac earned a bachelors degree in economics from Western University and a masters degree in international business from the University of South Carolina, where she serves on the board of the Folks Center for International Business. As you can see on slide eight, our cumulative savings through fiscal 2021 were $60 million and we also invested roughly $22 million over that same period. MSC And I guess, any comment on government, obviously comps are getting a little bit easier here. Given these risks and uncertainties, the reader should not place undue reliance on these forward-looking statements. Thanks, Erik. Tommy, I would say, in general, we still feel like there's a ways to go in the industrial recovery. As Erik mentioned, our first quarter sales were up 9.9% versus the same quarter last year, and came in at $849 million. I think, Steve, what you're hearing from us and Kristen mentioned, look, we're not calling at this point. MSC INDUSTRIAL Mr. Gershwind has held various positions of increasing responsibility in Product, e-Commerce and Marketing. And that's evidencing itself inside of the company. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements. Ms. Actis-Grande commented, "We are thrilled to have Ryan join the MSC team. Please go ahead. Statement of changes in beneficial ownership of securities, Quarterly report which provides a continuing view of a company's financial position, Report of unscheduled material events or corporate event, An annual report of employee stock purchase, savings and similar plans, Filing of certain prospectuses and communications in connection with business combination transactions, Non-EDGAR filing submitted by "insiders" prior to intended sale of restricted stock, Securities offered to employees pursuant to employee benefit plans. En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. Kim has over 30 years of metalworking experience and joined MSC in 2006 with the acquisition of J&L Industrial Supply, where she helped lead the acquisition integration. Please go ahead. Weitere Informationen darber, wie wir Ihre personenbezogenen Daten nutzen, finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. As I stated earlier, we expect gross margins to rebound nicely. Insiders data provided by So, can you kind of like bucket these SG&A savings into facilities, field service level then general core OpEx facilities or anything? Yeah. So, thanks for considering that. MSC Industrial Direct Co., Inc WebRyan Mills is Head:Investor Relations at Msc Industrial Supply Co. See Ryan Mills's compensation, career history, education, & memberships. Where are you going in terms of buying ahead? MSC does not maintain or provide information directly to this listing. We'll now open up the line for questions. Jun 29, 2022. Thank you, Rocco and good morning to everyone. WebNEWS NEWS MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2022 THIRD QUARTER RESULTS FISCAL 2022 Q3 HIGHLIGHTS Net sales of $958.6 million, an increase of 10.7%, From October 2009 to October 2011, Mr. Gershwind served as our Executive Vice President and Chief Operating Officer and from October 2011 to January 2013, he served as our President and Chief Operating Officer. So, we're trying to move a lot faster to take price or to get price on our contracted business. Ms. Goeser is the Chief Executive Officer of LKG Enterprises, a private advisory firm that she founded in October 2018. The largest contributors to the decline were the use of working capital to support our sales lift. EMERGING STRONGER, DRIVING RESULTS Our whole goal is to go in there and add value, and the most important components of our customer's operations. Ms. Kim Shacklett is Senior Vice President, Sales & Customer Success for MSC. Please complete the following information to chat live now! MSC INDUSTRIAL All Financials. WebRyan Mills is Head:Investor Relations at Msc Industrial Supply Co. See Ryan Mills's compensation, career history, education, & memberships. Mr. Mills brings 10 years of financial and industry experience through various investor relations roles at Kennametal and American Electric Power, as well as at KeyBanc Capital Markets where he supported coverage of the industrial distribution industry. New Bitcoin ETFs Now? And while we're seeing increases in the number of cases in our own facilities, those who are infected are returning to work more quickly. Meaning, do you miss out on sales when you implement those, or do you lose customers? MSC INDUSTRIAL SUPPLY CO. ANNOUNCES RYAN MILLS AS This represents a 70 basis point reduction in OpEx to sales. Open Amendment to a SC 13D filing in DOC file. He previously served as Chief Financial Officer of Cardinal Health, Inc. from November 2014 to December 2017 and as Chief Executive Officer of the Pharmaceutical Segment of Cardinal Health, Inc. from August 2009 to November 2014. And then, was this in response to suppliers raising price, or are you doing something different? ANNOUNCES RYAN MILLS AS HEAD OF INVESTOR RELATIONS. Executive Officers, Board of Directors & Committees of the Company. If that were the case, adjusted operating margins would likely rise above the top end of that range. Just to reiterate, the changes we're making now, Ryan, should yield faster realization on the January increase. 3Q 2022. Site Map | Terms and Conditions of Sale | Privacy Policy, 2000 - 2021 MSC Industrial Direct Co.,Inc.All Rights Reserved. Open Statement of changes in beneficial ownership of securities in XLS file. We expressly disclaim any obligation to update any of these forward-looking statements, except to the extent required by applicable law. Thanks and happy holidays. Yeah. MSC INDUSTRIAL Documents 4. Executive Officers, Board of Directors & Committees of the Company, March 7, 2017 - Raymond James Conference Presentation, June 15, 2016 - William Blair Conference Presentation. Prior to joining the Company, over the past seventeen years, Ms. Actis-Grande held various positions of increasing responsibility in the finance area at Ingersoll-Rand plc and Ingersoll Rand Inc. (NYSE: IR; formerly known as Gardner Denver Holdings, Inc. and following Gardner Denver's acquisition of Ingersoll-Rand plc's Industrial segment on Feb 29, 2020). A lot of the projects that we run do flow through the Mission Critical pipeline. Our non-safety and non-janitorial product lines grew 15%. Three, certainly pricing to the extent that there's a meaningful increase -- another meaningful increase coming early in the calendar year that contributes to growth. The second goal was to restore returns on invested capital ROIC into the high teens also by the end of fiscal 2023. 6 min read MELVILLE, N.Y. and DAVIDSON, N.C., June 16, 2023 /PRNewswire/ Select the filing type and date range you wish to view from the drop-down menus below. Thank you, John. In addition, as of now, we are trending towards the higher end of our annual operating margin framework. MSC INDUSTRIAL SUPPLY CO. U.S. Customers: For prompt service please call our MSC eCommerce Customer Care Team at 800-753-7970. International Customers: For prompt service please call our International Customer Care Team at 1-888-080-2048 (within the U.S.) or 001-248-200-4420 (outside the U.S.). (69 KB) FY17 Q1 Earnings Presentation. Mr. Mills joins the Company from an investor relations advisory firm, where he served as a lead advisor developing best-in-class IR programs and providing strategic guidance across all areas of communication for capital markets. Mr. Jacobson was appointed our Chairman of the Board in January 1998 and became Non-executive Chairman of the Board effective January 1, 2013. Given recent momentum, it's also possible that ADS growth could reach double-digit levels. Our experienced team of approximately 7,000 associates works with our customers to help drive results for their businesses - from keeping operations running efficiently today to continuously rethinking, retooling and optimizing for a more productive tomorrow. WebBusiness Needs Analysis. Open Report of unscheduled material events or corporate event in XBLR file. He will be based out of the Davidson, North Carolina office. We are not seeing the same kind of evidence that would yield -- that would lead us to believe there's a ton of buying ahead. MSC INDUSTRIAL And then, even from the Olympics, we're keeping an eye on that. These demand conditions are also reflected in customer feedback where activity levels and incoming order flows are solid. Are you trying to get ahead of price by putting out a bigger one early? He earned his juris doctorate from the University of Maryland's Francis King Carey School of Law. While we saw continued price realization and price costs did remain slightly positive, it was not enough to overcome our typical mix headwind in the quarter. MSC Investor Relations MSC Industrial Direct 6 min read MELVILLE, N.Y. and DAVIDSON, N.C., June 16, 2023 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. Open Quarterly report which provides a continuing view of a company's financial position in HTML. MSC Industrial Announces Agreement with Jacobson/Gershwind Family to Exchange High-Vote Stock and Eliminate Dual Class Share Structure. But probably nothing too different from the playbook we would normally follow. Webcast. Investor Relations MSC Industrial Direct MSCs filings are made directly to the SEC and then routed here via a third party provider. Jun 16, 2023. in HTML. (70 KB) March 7, 2017 - Raymond James Conference Presentation. Webmsc industrial direct co., inc. annual report on form 10-k for the fiscal year ended august 28, 2021 table of contents page part i cautionary note regarding forward-looking statements 1 Earnings per share were $1.18 as compared to $0.69 in the same prior year period. We've shortened the duration that quotes remain valid and we are using data-driven algorithms to find customers alternative products. Thank you, Erik. And look, that's part of what we're encouraged by in terms of the trends in November, December quite honestly, is with some of the changes that we've made. MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2022 I think -- so Steve, look, you hit on one about receptive -- everybody understands what's going on right now with inflation. So, in-plant, I think we touched on this in the fourth quarter release. Open Correspondence from the Filer to the SEC in DOC file. Thank you. Yeah. Neal graduated from Duke University with bachelor's degrees in computer science and economics. March 7, 2017 - Raymond James Conference Presentation EMERGING STRONGER, DRIVING RESULTS We look for that. And look for certain -- what's happening in the macro is helpful. In addition, any statements which refer to expectations, projections or other characterizations of future events or circumstances, statements involving a discussion of strategy, plans or intentions, statements about management's assumptions, projections or predictions of future events or market outlook and any other statement other than a statement of present or historical fact are forward-looking statements. Nothing? We delivered $10 million in savings for the quarter and remain on track for $25 million in expected savings for fiscal 2022. WebIndustrial Distribution Customer Landscape MSC Highly fragmented with ~145K distributors in the US 1 1MDM Analytics (figures are approximate) 2Calculation performed by MSC (figures are approximate) Total Addressable Market (~$200 Billion in Sales) ~$200B of the MRO market in N. America directly addressable by MSC 2 MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2022 FIRST About MSC. Based on those expectations, our incremental margin in Q2 is expected to come in slightly above Q1 levels. Beginning in 2018, Neal began to assume expanded responsibilities in the Legal Department, first as Director, Senior Counsel & Assistant Corporate Secretary, and then as Vice President, Legal & Assistant Corporate Secretary. Second, we generated strong operating expense leverage and reduced adjusted OpEx to sales by 70 basis points despite a headwind from COVID costs add backs. From 2005 to 2007, she served as a Senior Manager in the Corporate Development Group of Microsoft Corp. She served as a Senior Analyst in the Investment Banking, Technology Group of Credit Suisse from 2000 to 2003. And we're seeing that grow faster than the rest of the business, particularly in the past few quarters, which does coincide nicely with the timing of the new features coming online. MSC INDUSTRIAL We're hearing that supply and shipping constraints may ease in the coming quarters. Thank you, Rocco. As a result of all this, we expect gross margins to bounce back beginning our second quarter and expect to hold the annual gross margin roughly flat with fiscal 2021. Investor Presentations. WebIndustrial Distribution Customer Landscape MSC Highly fragmented with ~145K distributors in the US 1 1MDM Analytics (figures are approximate) 2Calculation performed by MSC (figures are approximate) Total Addressable Market (~$200 Billion in Sales) ~$200B of the MRO market in N. America directly addressable by MSC 2 In addition, as our Chief Executive Officer, he brings critical perspectives to our Board on our strategic direction and growth strategy. Please refer to the GAAP versus non-GAAP reconciliations in our presentation on our website, which contain the reconciliations of the adjusted financial measures to the most directly comparable GAAP measures. Mr. Mills holds a BS degree in Business Administration from Youngstown State University and is a Chartered Financial Analyst (CFA). MSC Industrial Supply Co. Declares Regular Quarterly Investor Relations MSC Industrial Direct MSC Industrial Supply Co. Declares Regular Quarterly Dividend MELVILLE, N.Y. and DAVIDSON, N.C., Oct. 14, 2021 /PRNewswire/ -- MSC Industrial Supply Co. (NYSE: MSM), a premier distributor of Metalworking and Maintenance, Repair and Operations (MRO) We're now one quarter through our fiscal 2022 and progress on our Mission Critical journey continues. I mean, we're looking at manufacturing ADS, it's up well into the double-digits, but it's off the low base. Open Report of unscheduled material events or corporate event in XBLR Viewer. U.S. Customers: For prompt service please call our MSC eCommerce Customer Care Team at 800-753-7970. International Customers: For prompt service please call our International Customer Care Team at 1-888-080-2048 (within the U.S.) or 001-248-200-4420 (outside the U.S.). Our capital expenditures were $15 million in the first quarter and our first quarter cash flow conversion or operating cash flow divided by net income was 87%. Nominating/Corporate Governance Committee. Chat is available Monday through Friday from 8:00AM - 8:00 PM EST. And so, Kristen outlined those actions and we're encouraged, but because as I referenced, we're already beginning in late Q1 into early Q2 here to start seeing that in the form of even stronger price realization. Investor Relations MSC Industrial Direct - Financial Information We have not seen it shift positive in December. Our stated target was to reach at least 400 basis points of growth above the IP index by the end of our fiscal 2023. Documents 4. ANNOUNCES RYAN MILLS AS HEAD OF INVESTOR RELATIONS. We are renegotiating contract pricing mid cycle and not waiting for renewals. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! I'd like to turn the conference back over to John Chironna for any closing remarks. MSC Industrial Supply Co. to Webcast Review of Fiscal 2023 Third Quarter Results. (69 KB) FY17 Q1 Earnings Presentation. Kim most recently served as Interim Vice President, Sales & Customer Success. Given the importance of these -- those three initiatives, is there a plan for additional quarterly quantitative disclosures around those? Id now like to turn the conference over to John Chironna, Vice President of Investor Relations and Treasurer. I hope you all continue to remain safe and healthy as we enter this holiday season. And as a result, we remain on track to reach our recently increased goal of at $100 million in total cost savings by the end of fiscal 2023. Open Correspondence from the SEC to the Filer in HTML. We would achieve the second goal by leveraging our growth, by executing on gross margin initiatives and by delivering structural cost takeout of $90 million to $100 million, helping to reduce OpEx as a percentage of sales by at least 200 basis points over that time. WebMELVILLE, NY and DAVIDSON, NC, DECEMBER 22, 2021 - MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), "MSC" or the "Company," a leading North American distributor of WebNEWS NEWS MSC INDUSTRIAL SUPPLY CO. REPORTS FISCAL 2022 THIRD QUARTER RESULTS FISCAL 2022 Q3 HIGHLIGHTS Net sales of $958.6 million, an increase of 10.7%, compared to the prior fiscal year quarter Gross margin of