Msc industrial supply co. reports fiscal 2023 first quarter results

Fiscal 2023 q1 highlights net sales of $957.7 million, an increase of 12.9% yoy average daily sales ("ads") growth of roughly 9 percentage points above the industrial production (ip) index operating income of $116.0 million, or $118.3 million adjusted to exclude acquisition-related costs and restructuring and other costs1 operating margin of 12.1%, or 12.3% excluding the adjustments described above1 diluted eps of $1.45 vs. $1.18 in the prior fiscal year quarter adjusted diluted eps of $1.48 vs.
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