Msc industrial supply co. reports fiscal 2022 fourth quarter and full year results

Fiscal 2022 q4 highlights net sales of $1.0 billion, an increase of 23% yoy (14.0% increase yoy on an average daily sales basis) average daily sales growth of roughly 10 percentage points above the industrial production ("ip") index operating income of $144.0 million, or $138.6 million adjusted to exclude a gain on sale of property, acquisition-related costs, and restructuring and other charges4 operating margin of 14.1%, or 13.6% excluding the adjustments described above4 diluted eps of $1.86 vs. $1.18 in the prior year quarter adjusted diluted eps of $1.79 vs.
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