MSC Industrial sees Q2 ADS down 3%-5%

Sees Q2 adjusted operating margin 6.5%-7.5%. Sees FY25 capital expenditures $100M-$110M. Sees FY25 free cash flow conversion 100%. Sees FY25 tax rate 24.5%-25%. Gershwind concluded, “Looking ahead, macro conditions remain soft in the near term as reflected by our December growth rate, which was significantly weighed down by holiday and fiscal calendar timing, particularly during the last week of our fiscal month ending January 4th. However, we remain bullish on our long-term growth trajectory. Our self-help initiatives, such as the execution of our productivity pipeline and Mission Critical strategy, will bolster results as the end-markets with our greatest exposure return to more normalized demand levels.”