Msc industrial supply co. reports fiscal 2023 fourth quarter and full year results

Fiscal 2023 q4 highlights net sales of $1,035.4 million increased 1.3% yoy (9.3% on an average daily sales basis, approximately 9 percentage points above the industrial production (ip) index) operating income of $118.1 million, or $130.4 million adjusted to exclude share reclassification and restructuring and other costs1 operating margin of 11.4%, or 12.6% excluding the adjustments described above1 diluted eps of $1.56 vs. $1.86 in the prior year and adjusted eps of $1.64 vs.
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