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MSM Latest Report

Earnings AnalystFriday, Jan 10, 2025 9:12 am ET

1min read

MSC -- MSM --

Performance of the Current Financial Report

Based on MSC Industrial's financial data as of November 30, 2024, the Company's total operating revenue was RMB928,484,000. Compared with the previous fiscal year, the total operating revenue showed a slight increase, reflecting changes in market environment and company strategy.

Key Data in the Financial Report

1. MSC Industrial's total operating revenue in 2023 was US$4 billion, up 8.6% YoY.

2. In the first quarter of 2024, the Company's net sales were US$979.35 million, down 7.1% YoY.

3. In the second quarter of 2024, net sales were US$935.34 million, down 2.7% YoY.

4. In 2024, MSC's net sales were US$3.82095 billion, down 4.7% YoY.

5. The marketing strategy adjustments in 2024 included strategic pricing and service value enhancement.

Peer Comparison

1. Industry-wide analysis: The overall industry may benefit from economic recovery and growing market demand, with a general increase in operating revenue. However, MSC Industrial's declining sales reflect its challenges in the market.

2. Peer evaluation analysis: Compared with other companies in the same industry, MSC Industrial's total operating revenue performance was weaker, especially in 2024, with a year-on-year decrease in sales, indicating its market competitiveness was affected.

Summary

MSC Industrial's total operating revenue in 2024 grew modestly compared with 2023, even facing a downward pressure. The decline in sales volume and pricing adjustments had a negative impact on the change in operating revenue. Meanwhile, although the Company adopted marketing strategy adjustments to maintain competitiveness, the overall market environment and the performance of its competitors made its recovery path challenging.

Opportunities

1. By optimizing its product portfolio, MSC Industrial can boost its sales.

2. If market demand picks up, it may promote revenue growth.

3. Expanding projects with public sector and national account customers can bring new growth points.

4. Improved pricing strategies may attract more customers and enhance market share.

Risks

1. Continued weak market demand may lead to further sales decline.

2. Strong performance from competitors may affect MSC's market share.

3. Pricing strategy adjustments that fail to effectively attract customers may impact the Company's revenue.

4. Fluctuations in the overall economic environment will directly affect the Company's operating revenue and profitability.

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