MSC Industrial Direct Co Inc at Jefferies Industrials Conference (Virtual) Transcript

Aug 04, 2021 / 03:30PM GMT
Hamzah Mazari - Jefferies LLC, Research Division - Equity Analyst

Hello, and thank you, everybody, for joining us. We're very happy to have MSC Industrial with us. We have CFO, Kristen Actis-Grande with us; and Head of IR, John Chironna with us. And so with that, the format is fireside Q&A. (Operator Instructions) Mario Cortellacci on my team will take those through the program.

Questions and Answers:

Hamzah Mazari - Jefferies LLC, Research Division - Equity Analyst

So I'll kick it off with sort of the first question. Question would be sort of around MSC has talked about outgrowing their end markets, has talked about 400 bps of outperformance by fiscal 2023, high teens ROIC. Maybe update us on the progress there and the path to sort of getting to some of those metrics and sort of the big levers at your disposal to achieve those.

Kristen Actis-Grande - MSC Industrial Direct Co., Inc. - Executive VP & CFO

Sure. Yes. Thanks for the question, Hamzah. Thanks for having us, too. We appreciate
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