Filing Flows › MSC Industrial Direct (MSM) › Q1 FY26
MSC Industrial Direct (MSM) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jan 7, 2026
MSC Industrial Direct (MSM) reported revenue of $966M for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and -1% from the quarter before. Operating margin was 7.9%, net earnings $51.8M (5.4% of revenue).
MSC Industrial Direct, Q1 FY26: revenue $966M (+4% year over year), operating margin 7.9%, net earnings $51.8M, operating cash flow $29.4M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $966M | -1% | +4% |
| Gross profit | $393M | -0.6% | +4% |
| Operating profit | $76.2M | -10% | +5% |
| Net earnings | $51.8M | -8% | +11% |
| Operating cash flow | $29.4M | -63% | -71% |
| Free cash flow | $7.4M | -87% | -91% |
What changed
Revenue was $965.7M in Q1 FY26, up 4% year over year and down 1% from the previous quarter.
Gross margin was 40.7%, down 0.1 points from a year earlier. Operating profit was $76.2M, a 7.9% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, above the 8% margin then. Operating expenses grew 3% against revenue growth of 4%. Net earnings were $51.8M, up 11% year over year. The effective tax rate was 24.3%.
Operating cash flow was $29.4M (down 71% year over year), 58% of net earnings. Non-cash charges added back $25.1M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items used $51.2M. Capital expenditures of $22.0M left free cash flow of $7.4M.
Questions
What was MSC Industrial Direct's revenue in the first quarter fiscal 2026?
MSC Industrial Direct (MSM) reported revenue of $966M for the first quarter fiscal 2026 (Q1 FY26), +4% from a year earlier and -1% from the quarter before.
Was MSC Industrial Direct profitable in the first quarter fiscal 2026?
Operating profit was $76.2M (7.9% of revenue) and net earnings $51.8M.