MSC Industrial Direct Co., Inc. is currently rated a "hold" due to its valuation and recent financial underperformance. The company has experienced mixed financial results, with revenue and net income declining in 2024 and Q1 2025. Analysts expect further declines in revenue and profits for Q2 2025, making me cautious about any immediate bullish stance.
MSM's Q2 results are likely to reflect the slower growth in average daily sales seen at the beginning of the quarter and higher operating expenses.
MSC Income Fund, managed by Main Street Capital, shows stable financials and growth but has a short track record, making it a hold for now. The BDC's leverage ratio is solid at 0.90x, and it has less exposure to floating-rate debt compared to peers, which is a positive. MSC Income Fund takes equity stakes in all lower middle-market borrowers, providing additional income sources and unrealized appreciation.
MSC Income Fund, Inc. (NYSE:MSIF ) Q4 2024 Earnings Conference Call March 20, 2025 10:00 AM ET Company Participants Zach Vaughan - IR Dwayne Hyzak - CEO David Magdol - President and Chief Investment Officer Nick Meserve - Managing Director and Head of Private Credit Investment Group Cory Gilbert - CFO Conference Call Participants Kenneth Lee - RBC Capital Robert Dodd - Raymond James Mark Hughes - Truist Securities Brian McKenna - Citizens JMP Paul Johnson - KBW Cory Johnson - UBS Operator Greetings, and welcome to MSC Income Fund Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen only mode.
MSC Industrial Direct Co., Inc. MSM will release its first-quarter financial results, before the opening bell, on Wednesday, Jan. 8, 2025.
E and MSC Group sign an MoU to advance decarbonization efforts, focus on clean fuels and renewable energy and accelerate their energy transition journey.
MSM's latest dividend hike takes its dividend yield from 4.00% to 4.10%.
MSC Industrial Direct Co. shares plunged 10.4% after management reported lower-than-expected revenue and earnings for the third quarter of 2024. Financial performance for the first half of 2024 also showed declines in revenue, net income, operating cash flow, and EBITDA compared to the previous year. Management revised guidance for the year, now expecting lower average daily sales, operating margin, and net income due to various factors impacting the business.
U.S. stock futures were lower this morning, with the Dow futures falling around 250 points on Friday.