- MSC Industrial Direct Co Inc (NYSE:MSM) has inked an agreement to be the exclusive e-commerce distributor of metalworking and MRO products to customers of MachiningCloud.
- The MachiningCloud platform enables customers to search catalogs and select the right tool components much faster and more easily than traditional methods, such as websites, paper catalogs and telephone calls.
- Under the agreement, end users can purchase tool components directly from MSC through MachiningCloud’s digital platform.
- MachiningCloud customers can rely on MSC’s supply chain strengths directly through MachiningCloud.
- “Helping customers quickly find the right combination of tool components to create complete assemblies for their applications saves time and money, consistent with our approach to improving the productivity of manufacturers’ operations,” said Jamie Goettler, Sr. Director of Metalworking Sales & Innovation.
- Price Action: MSM shares are trading higher by 0.96% at $86.89 on the last check Wednesday.
Why Electronic Equipment Company CDW Shares Are Up Today
CDW experiences stock surge post-Q4 FY23 results, though net sales dip to $5.02 billion, missing estimates. However, the company boasts an expanded gross margin of 23.0% and beats consensus with non-GAAP EPS of $2.57. CEO Christine A. Leahy expresses confidence in the company's trajectory, aiming to outpace US IT market growth by 200 to 300 basis points in 2024. Despite segment declines, CDW remains committed to customer-centric strategies and technology evolution.
