MSC Industrial Supply FY24 Outlook Maintained: 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 maintained its FY24 outlook, projecting ADS growth between 0%-5%, an adjusted operating margin of 12%-12.8%, and an operating cash flow conversion of over 125%.
March 28, 2024 | 10:33 am
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POSITIVE IMPACT
MSC Industrial Supply maintains its FY24 financial outlook, indicating stable growth and financial health.
Maintaining a positive outlook for FY24, especially in terms of ADS growth, operating margin, and cash flow conversion, suggests confidence in the company's financial stability and growth prospects. This is likely to be viewed positively by investors, potentially leading to a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100