MSC Industrial Supply Co. Announces CFO Resignation and Positive Q4 Performance Outlook

MSC Industrial Supply Co. Announces Leadership Change and Optimistic Financial Outlook

In a recent announcement, MSC Industrial Supply Co. (NYSE: MSM), a prominent North American distributor specializing in metalworking as well as maintenance, repair, and operations (MRO) products, revealed that Chief Financial Officer Kristen Actis-Grande will be stepping down from her role effective August 8, 2025. Actis-Grande, who has been with MSC for nearly five years, is leaving to take on the CFO position at another publicly traded company.

This transition will see Greg Clark, currently serving as the Vice President of Finance and Corporate Controller, stepping in as the interim CFO. Greg brings a wealth of experience, having been with MSC since 2003 and taking on the interim CFO role in 2020. As he takes the helm temporarily, a comprehensive search for a permanent CFO will be underway involving MSC's executive management and Board of Directors.

CEO Erik Gershwind expressed his gratitude towards Actis-Grande for her contributions to the company, acknowledging her role in building a strong finance team and advancing MSC's performance during her tenure. Gershwind stated, "I would like to thank Kristen for her contributions to MSC and congratulate her on this new opportunity. I am confident in Greg's leadership, combined with our deep finance team and operating talent..."

Positive Fiscal Fourth Quarter Outlook

In light of the leadership transition, MSC is also focused on its financial outlook for the fourth quarter. The company indicated a positive trend, noting that average daily sales (ADS) for June exceeded expectations, reporting a year-over-year increase of 2.5%. This positive momentum is carrying into July, with ADS growth remaining strong.

As a result of these encouraging figures from June and July, MSC anticipates that its fourth-quarter performance will fall within the upper half of its previously provided guidance ranges for average daily sales and adjusted operating margins.

The projected range for ADS growth for the fourth quarter is estimated to be between (0.5)% to 1.5%, while the adjusted operating margin is expected to be between 8.5% and 9.0%. These figures affirm MSC's robust operational strategies and the potential for continued growth despite recent leadership changes.

Conclusion

Overall, while the resignation of Kristen Actis-Grande marks a significant transition for MSC Industrial Supply Co., the company remains optimistic about its performance in the upcoming fiscal quarter. With Greg Clark stepping in as interim CFO, MSC is poised to maintain its momentum and navigate through this leadership change effectively.

As developments unfold, stakeholders and investors will watch closely to see how MSC further leverages its existing strengths amidst the transformation in its top financial leadership. For further updates on MSC and its financial performance, visit mscdirect.com.