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MSC Industrial sees Q4 ADS down 0.5% to up 1.5%

Sees Q4 adjusted operating margin 8.5%-9%. Kristen Actis-Grande, executive VP and CFO, added, “Average daily sales declined 0.8% year-over-year, slightly ahead of the midpoint of our outlook, driven by benefits from price and improving performance in volumes. During the fiscal third quarter, we leveraged our strong free cash flow performance and balance sheet to return approximately $56 million to shareholders in the form of dividends and share repurchases, resulting in approximately $181 million returned to shareholders fiscal year-to-date.”

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