MSC Industrial Direct (MSM) - 2023 Q4 - Earnings Call Presentation

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS investor.mscdirect.com 2 * Represents a non-GAAP financial measure. See appendix for non-GAAP reconciliations. Average daily sales growth of 9.3% for 4Q'23 and 11.2% for FY'23 outpaced the Industrial Production index by ~900 bps and ~1,000 bps, respectively Reduced operating expenses as a percentage of sales by 70 bps YoY in FY'23 and 90 bps on an adjusted* basis including a reduction of 40 bps in 4Q'23 4 GAAP and adjusted EPS* down YoY in 4Q'23 but up fo ...