Capital Allocation and Fiscal Year 2023 Targets
Reconciliations
Net Sales
Cost of Goods Sold
Gross Profit
Gross Margin
Operating Expenses
MSC INDUSTRIAL DIRECT CO., INC.
Reconciliation of GAAP and Non-GAAP Financial Information
Thirteen Weeks Ended May 29, 2021
(dollars in thousands, except percentages and per share data)
$
GAAP Financial Measure
Items Affecting Comparability
Total MSC Industrial
Impairment Loss (Loss
Recovery)
Restructuring Costs
Legal Costs-impairment
of prepaid for PPE
866,294 $
499,823
366,471
42.3%
Operating Exp as % of Sales
257,336
29.7%
Impairment Loss (Loss Recovery)
(20,840)
(20,840)
Restructuring Costs
Income from Operations
Operating Margin
Non-GAAP Financial
Measure
Adjusted Total MSC
Industrial
866,294
499,823
366,471
42.3%
401
0.0%
256,935
29.7%
1.349
1,349
128,626
20,840
(1,349)
(401)
109,536
14.8%
2.4%
-0.2%
0.0%
12.6%
(2,550)
(2,550)
126,076
20,840
(1,349)
(401)
106,986
5,263
(341)
(100)
26,319
15,577
(1,008)
(301)
80,667
501
(1,008) $
(301) $
80,166
Total Other Expense
Income before provision for income taxes
Provision for income taxes
31,141
Net income
94,935
Net income attributable to noncontrolling interest
501
Net income attributable to MSC Industrial
$
94,434 $
15,577
Net income per common share:
Diluted
MSC
$
1.68 $
0.28 $
(0.02) $
(0.01) $
1.42
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