MSC Industrial reports Q1 adjusted EPS $1.25, consensus $1.31

Reports Q1 revenue $953.97M, consensus $972.06M. Erik Gershwind, president and CEO, said, “Our fiscal first quarter results reflect strong execution in a challenging environment. Our team remained focused on executing against the pillars of our updated strategy. This focus resulted in 35% growth in the installed base of In-Plant programs, double-digit growth in the installed base of vending units, high single-digit growth in other important areas such as the Public Sector, and continued productivity savings. Our team’s ability to stay nimble and focus on profitable execution gives me confidence as we progress throughout fiscal 2024.”