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W.W. Grainger, Inc. (NYSE: GWW) is a leading business-to-business distributor of maintenance, repair, and operating (MRO) products. With a customer base exceeding 3.2 million, Grainger offers a comprehensive range of products in categories such as safety, material handling, and metalworking. The company also provides essential services like inventory management and technical support, ensuring that businesses can operate efficiently and safely.
Grainger's product catalog includes more than 1.5 million in-stock items sourced from over 4,500 suppliers. The company serves approximately 5 million customers through various channels, including online and electronic purchasing platforms, vending machines, catalog distribution, and a network of over 300 global branches. Notably, Grainger has invested significantly in e-commerce, making it the 11th-largest e-retailer in North America.
Recent Achievements
In the second quarter of 2023, Grainger reported sales of $4.2 billion, a 9.0% increase compared to the same period in 2022. The company achieved a gross profit margin of 39.3% and operating earnings of $661 million, marking a 23.5% rise. This performance was driven by continued price realization, solid volume growth, and investment in freight and supply chain efficiencies.
For the third quarter of 2023, Grainger reported sales of $4.2 billion, up 6.7% year-over-year. The company also opened a new Northwest Distribution Center, further enhancing its supply chain capabilities. In December 2023, Grainger announced the sale of E&R Industrial Sales, Inc. to Paradigm Equity Partners, allowing the company to focus more on its core MRO business.
Looking ahead, Grainger plans to open a 1.2 million-square-foot distribution center in Hockley, Texas, by 2026. This facility will house over 250,000 industrial supply items and employ approximately 400 people within its first year of operation.
Financial Condition
Grainger has demonstrated strong financial performance, with 2023 sales reaching $16.5 billion. The company generated $2.0 billion in cash flow from operating activities and returned $1.2 billion to shareholders through dividends and share repurchases.
Partnerships and Products
Grainger's Endless Assortment segment includes Zoro.com and MonotaRO.com, providing access to millions of items. The High-Touch Solutions segment offers over 2 million MRO products and services, including technical support and inventory management.
To learn more, visit Grainger’s official website.
Grainger (GWW) reported Q3 2024 results with sales of $4.4 billion, up 4.3% year-over-year, and diluted EPS of $9.87, up 4.7%. Operating margin was 15.6%, down 30 basis points. The company generated $611 million in operating cash flow and returned $328 million to shareholders through dividends and share repurchases.
High-Touch Solutions N.A. segment sales increased 3.3%, while Endless Assortment segment grew 8.1%. The company narrowed its 2024 guidance, projecting daily organic constant currency sales growth of 4.5% to 5.25% and adjusted diluted EPS of $38.65 to $39.35.
W.W. Grainger (NYSE: GWW) has announced a quarterly cash dividend of $2.05 per share, payable on December 1, 2024, to shareholders of record on November 11, 2024. The company operates primarily in North America, Japan, and the United Kingdom, serving over 4.5 million customers through two business models: High-Touch Solutions and Endless Assortment. With 2023 sales of $16.5 billion, Grainger offers approximately 2 million MRO products through High-Touch Solutions, while its Endless Assortment segment includes Zoro.com and MonotaRO.com, offering 13 million and 22 million products respectively.
Grainger (NYSE: GWW) has begun construction on a 1.2 million-square-foot distribution center in Hockley, Texas, near Houston. The facility, set to open in 2026, will be one of Grainger's largest distribution centers and is expected to employ 400 team members within a year of opening. The new center will support Grainger's plans to increase stocked industrial supply products from 150,000 to up to 300,000 different items.
The company celebrated the groundbreaking with community members and local officials, presenting a $20,000 donation to nearby Roberts Road Elementary School. This expansion reinforces Grainger's presence in Texas, which already includes 34 standard branches, a sales office, and another distribution center.
Grainger (NYSE: GWW) reported Q2 2024 results with sales of $4.3 billion, up 3.1% (5.1% on a daily, organic constant currency basis). Adjusted diluted EPS reached $9.76, a 5.2% increase from Q2 2023. The company narrowed its 2024 guidance, projecting daily, organic constant currency sales growth of 4.0% to 6.0% and adjusted diluted EPS of $38.00 to $39.50.
Key highlights include:
- Reported operating margin of 15.1%, down 70 basis points
- Generated $411 million in operating cash flow
- Returned $345 million to shareholders through dividends and share repurchases
Grainger's performance remained resilient amid a slow but stable demand environment, with growth driven by increased volume across geographies and customer end markets.
W.W. Grainger (NYSE: GWW) has announced a quarterly cash dividend of $2.05 per share, payable on September 1, 2024, to shareholders of record on August 12, 2024. Grainger, a leading broad line distributor, operates primarily in North America, Japan, and the United Kingdom. The company serves over 4.5 million customers worldwide with MRO products and services through two business models: High-Touch Solutions and Endless Assortment. In 2023, Grainger reported sales of $16.5 billion. The High-Touch Solutions segment offers about 2 million MRO products, while the Endless Assortment segment includes Zoro.com and MonotaRO.com, providing access to 13 million and 22 million products, respectively.
Grainger (NYSE: GWW), a leading distributor of maintenance, repair, and operating products, has released its 2024 Environmental, Social, and Governance (ESG) Report titled 'Focusing on What Matters—We Keep The World Working®'. The report covers the fiscal year ending December 31, 2023, and highlights Grainger's commitment to sustainability, diversity, equity, and workplace safety.
Key achievements include a 31% reduction in global absolute Scope 1 & Scope 2 emissions since 2018, surpassing their 2030 target of a 30% reduction. The company has now set a new goal to reduce these emissions by 50% by 2030. Grainger also emphasizes customer sustainability solutions, diversity solutions, and workplace safety, having conducted over 42,000 safety observations in 2023 alone.
The report also highlights Grainger’s efforts in fostering an inclusive culture through various Business Resource Groups and providing equitable career opportunities. For more details on Grainger's ESG initiatives, visit www.GraingerESG.com.
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