MSC Industrial Supply Revised FY24 Outlook For ADS Growth To (4.7)% - (4.3)% (Vs. 0%-5% Prior) And Operating Cash Flow Conversion Maintained At >125%
Portfolio Pulse from Benzinga Newsdesk
MSC Industrial Supply has revised its FY24 outlook for ADS growth to a range of -4.7% to -4.3%, down from the previous range of 0% to 5%. However, the company has maintained its operating cash flow conversion at over 125%.
July 02, 2024 | 10:39 am
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MSC Industrial Supply has revised its FY24 outlook for ADS growth to a range of -4.7% to -4.3%, down from the previous range of 0% to 5%. However, the company has maintained its operating cash flow conversion at over 125%.
The downward revision in ADS growth outlook is likely to negatively impact investor sentiment and the stock price in the short term. However, the maintained operating cash flow conversion may provide some support.
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