MSC Industrial Supply FY24 Outlook: Sees ADS Growth Of 0%-5%, Adjusted Operating Margin Of 12% - 12.8%, And Operating Cash Flow Conversion Of >125%
Portfolio Pulse from Benzinga Newsdesk
MSC Industrial Supply has released its FY24 outlook, predicting ADS growth of 0%-5%, an adjusted operating margin of 12%-12.8%, and operating cash flow conversion of over 125%. The sales outlook assumes a 160 basis point headwind from non-repeating Public Sector sales and expects market headwinds related to the UAW strike to alleviate in early Q2 of FY24.
October 25, 2023 | 10:38 am
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MSC Industrial Supply's FY24 outlook could impact its stock price. The company predicts ADS growth of 0%-5%, an adjusted operating margin of 12%-12.8%, and operating cash flow conversion of over 125%.
The company's outlook for FY24 is generally positive, with expected growth in ADS and a strong operating margin. However, the impact on the stock price will depend on market reaction to these predictions and other factors such as the overall economic environment and sector performance.
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