MSC Industrial Direct Co., Inc. (NYSE:MSM) Q4 2023 Earnings Call Transcript

Erik Gershwind: Yes, it will be plus or minus, Patrick. And the answer is that, in a lot of cases, it’s going to be – there’s a lot of discounting that occurs when the list is high and we’re not competitive out of the gate. There’s a lot of discounting and oftentimes inefficient discounting that happens. So while this is going on, there’s pretty tight controls around discounting disciplines, because we’re bringing a better price to the customer right out of the gate. And most of our modeling suggests that, that will offset one another.

Patrick Baumann: Understood. Okay. Great, thanks. I appreciate….

Erik Gershwind: Oh, I think we lost you Patrick, but thank you.

Operator: Ladies and gentlemen, this concludes our question-and-answer session. I’d like to turn the conference back over to Ryan Mills for any closing remarks.

Ryan Mills: Thank you for your time and interest this morning. As a reminder, our fiscal 2024 first quarter earnings call date is set for January 9, and we look forward to seeing you in person at the Baird & Stephens conferences in November. Thank you for joining us today. Goodbye.

Operator: Thank you. This concludes today’s conference call. We thank you all for attending today’s presentation. You may now disconnect your lines, and have a wonderful day.