MSC Industrial sees Q1 ADS up 3.5%-4.5%

Sees Q1 adjusted operating margin 8%-8.6%. Greg Clark, interim CFO, added, “We finished the year on a positive note with average daily sales improving 2.7% compared to the prior year and adjusted operating margin of 9.2% both of which exceeded our outlook. Cash generation remained favorable during the quarter resulting in free cash flow conversion of 122% for the fiscal year, ahead of our annual target. We leveraged this strong cash flow performance and our healthy balance sheet to return approximately $229 million to shareholders in the form of dividends and share repurchases.”