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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NEUTRAL IMPACT
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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100