MSC Industrial sees FY25 capital expenditures $100M-$110M

Sees FY25 free cash flow conversion 120%. Sees FY25 tax rate 24.5%-25%. Gershwind concluded, “The fiscal third quarter included encouraging data points, such as core customer sequential improvement, continued momentum in our high-touch solutions and a building productivity pipeline. Looking longer term, we remain steadfast in our commitment to restoring performance consistent with our long-term objectives of growing to 400 basis points or more above the IP Index and expanding operating margins to the mid-teens.”