MSM News & Events

MSC Industrial announced that Martina McIsaac, MSC's current president and COO, will succeed Erik Gershwind as CEO, effective January 1, 2026, and maintain her role as president. Following his planned retirement as CEO, Gershwind will continue to serve the company as non-executive vice chair of the board of directors while Mitchell Jacobson remains the company's non-executive chairman of the board of directors. McIsaac will also join the MSC board of directors upon assuming her new role as president and CEO.

Sees Q1 adjusted operating margin 8%-8.6%. Greg Clark, interim CFO, added, "We finished the year on a positive note with average daily sales improving 2.7% compared to the prior year and adjusted operating margin of 9.2% both of which exceeded our outlook. Cash generation remained favorable during the quarter resulting in free cash flow conversion of 122% for the fiscal year, ahead of our annual target. We leveraged this strong cash flow performance and our healthy balance sheet to return approximately $229 million to shareholders in the form of dividends and share repurchases."