Welcome to our dedicated page for W.W. Grainger news (Ticker: GWW), a resource for investors and traders seeking the latest updates and insights on W.W. Grainger stock.
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.
On April 26, 2023, W.W. Grainger, Inc. (NYSE: GWW) announced an 8% increase in its quarterly cash dividend to $1.86 per share, marking the 52nd consecutive year of annual dividend increases. This dividend will be payable on June 1, 2023, to shareholders of record as of May 8, 2023. The increase reflects Grainger's commitment to returning value to shareholders while continuing to invest strategically in its business. In 2022, Grainger reported sales of $15.2 billion and serves over 4.5 million customers globally through its extensive product offerings and services.
Zoro.com announced the appointment of Sandy Mattinson as its new president, effective April 1, 2023. She succeeds Kevin Weadick, who has stepped down after leading the company since 2017. Mattinson joined Zoro in 2019 as its first female vice president and has held various leadership roles, including Chief Revenue Officer. Under her leadership, Zoro expanded its product assortment to 11 million products and achieved $1 billion in annual revenue in 2022. CEO D.G. Macpherson praised her as an inspiring leader with a strategic vision to enhance the Zoro brand and deliver value to customers.
W. W. Grainger announced its slate of nominees for the 2023-2024 Board of Directors, consisting of 11 current members, to be voted on during the annual shareholders' meeting on April 26, 2023. Notably, Michael J. Roberts will not seek re-election after 17 years, adhering to the company's board membership age criteria. CEO D.G. Macpherson acknowledged Roberts' significant contributions. Grainger, with 2022 sales of $15.2 billion, serves over 4.5 million customers worldwide, offering more than 2 million MRO products through its High-Touch Solutions and Endless Assortment segments.
Grainger (GWW) announced strong financial results for Q4 and FY 2022. Q4 sales reached $3.8 billion, up 13.2% year-over-year, while FY sales totaled $15.2 billion, a 16.9% increase. The company reported an operating margin of 14.3% for Q4 and 14.5% for the year, both reflecting significant growth. Diluted EPS rose to $7.54 for Q4 and $30.06 for FY 2022, marking increases of 38.6% and 51.5% respectively. Looking ahead, Grainger projects 2023 sales growth of 7% to 11%, with earnings per share expected between $32.00 and $34.50.
W.W. Grainger, Inc. (NYSE: GWW) has announced a quarterly cash dividend of $1.72 per share, scheduled for payment on March 1, 2023. Shareholders of record by February 13, 2023 will be eligible for this dividend. In 2021, Grainger reported sales of $13.0 billion, establishing itself as a major distributor with operations mainly in North America, Japan, and the UK. The company serves over 4.5 million customers with a wide range of products, providing solutions to enhance operational efficiency.
Grainger (NYSE: GWW) has appointed Nancy L. Berardinelli-Krantz as Senior Vice President and Chief Legal Officer, effective January 30, 2023. She succeeds John L. Howard, who will retire in July 2023 after 23 years. Berardinelli-Krantz brings extensive legal expertise from Eaton Corporation and The Goodyear Tire & Rubber Company, alongside military experience as a JAG officer. Grainger, with $13.0 billion sales in 2021, serves over 4.5 million customers globally, providing a vast array of MRO products and services.
Zoro.com, a subsidiary of W.W. Grainger (GWW), has achieved a significant milestone by surpassing $1 billion in annual sales through its U.S. website for the first time. This accomplishment, driven by an expanded product range and growing customer base, reflects Zoro's commitment to supporting small businesses with easy access to over 11 million unique products. President Kevin Weadick emphasized the importance of this achievement for the company and its partners while highlighting future growth potential.
Grainger reported strong third-quarter 2022 results with sales reaching $3.9 billion, reflecting a 16.9% increase year-over-year. The company expanded its gross margin by 145 basis points, achieving operating earnings of $603 million and diluted EPS of $8.27, up 46.4% from the previous year. Operating cash flow also improved, totaling $380 million. Due to positive performance, Grainger raised its full-year guidance, anticipating net sales between $15.1 billion and $15.2 billion.
W.W. Grainger, Inc. (GWW) announced a quarterly cash dividend of $1.72 per share, which will be payable on December 1, 2022. Shareholders of record as of November 14, 2022, will receive this dividend. In 2021, Grainger reported sales of $13.0 billion, serving over 4.5 million customers globally across various product categories. The company's services include technical support and inventory management, emphasizing its commitment to customer operations and safety.
FAQ
What is the current stock price of W.W. Grainger (GWW)?
What is the market cap of W.W. Grainger (GWW)?
What does W.W. Grainger, Inc. do?
How many products does Grainger offer?
How does Grainger serve its customers?
What are Grainger's recent financial achievements?
What is the Endless Assortment segment?
What are Grainger’s future plans?
Who are Grainger's customers?
How has Grainger invested in e-commerce?
What services does Grainger provide besides products?
Where can I learn more about Grainger?
