Capital Allocation and Fiscal Year 2023 Targets
Fiscal 2020 Adjusted Results*
.
•
$3,363.8
Sales
(millions)
Adjusted Operating Profit
(millions and % of sales)
Adjusted Earnings
(per diluted share)
$406.7
$3,192.4
$367.8
12.1%
11.5%
2019
2020
Average Daily Sales (ADS) declined
5.1%
Safety and janitorial product sales
improved 30%+ YOY
Sales for the rest of the business
declined YoY
.
2019
2020
Solid underlying gross margins offset
by PPE-related mix headwinds
Excludes $6.7 million in severance
costs in FY 2019
Excludes $17.0 million in severance
costs and consulting fees related to the
operating model review in FY 2020
See appendix for non-GAAP reconciliations.
Individual amounts may not agree to the total due to rounding
MSC
•
$5.29
$4.74
2019
2020
Effective tax rate of 24.6% in FY 2019
and 24.7% in FY 2020
•
Excludes $0.09 impact of severance
costs in FY 2019
.
Excludes $0.23 impact of severance
costs and consulting fees related to
operating model review in FY 2020
19View entire presentation