Capital Allocation and Fiscal Year 2023 Targets
Full Year 2020 Reported Results
•
Sales
(millions)
Operating Profit
(millions and % of sales)
$400.0
$3,363.8
$3,192.4
11.9%
$350.7
11.0%
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
MSC
•
•
Earnings
(per diluted share)
$5.20
$4.51
2019
2020
FY 2020 gross margin was 42.1%, 50
bps lower than FY 2019
Includes $6.7 million in severance
costs in FY 2019 and
Includes $17.0 million in severance
costs and consulting fees related to
the operating model review in FY 2020
•
2019
2020
Effective tax rate of 24.6% in FY 2019
and 24.7% in FY 2020
EPS in FY 2020 includes $0.23 impact
of severance costs and consulting
fees related to operating model review
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