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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 (NYSE: GWW) announced plans to expand its customer service capabilities by adding approximately 100 new jobs at its Lake County, Illinois headquarters. The new customer service center, opening in January, aims to improve support for its growing customer base. Most new hires will be Customer Experience Representatives, starting at $18 per hour with a $1,000 sign-on bonus. Grainger has also received Great Place to Work Certification, emphasizing its commitment to employee well-being and community investment.
Grainger (NYSE: GWW) reported robust third-quarter 2021 results, with sales of $3.4 billion, reflecting an 11.7% increase year-over-year. Gross margin improved by 145 basis points to 37.1%, while operating earnings rose 17.4% to $438 million, leading to an EPS of $5.65, up 25% from the previous year. The company returned $327 million to shareholders through dividends and share repurchases, reaffirming its guidance for 2021 with net sales expected between $12.7 billion and $13.0 billion.
Grainger (NYSE: GWW) announced that its board members Rodney Adkins, Brian Anderson, Steven White, and CFO Deidra Merriwether were recognized in Savoy Magazine's "2021 Most Influential Black Corporate Directors." This recognition highlights Grainger's emphasis on diversity in leadership, with Chairman & CEO DG Macpherson stating that diverse perspectives enhance the company. Grainger is a leading supplier of maintenance, repair, and operating (MRO) products, reporting $11.8 billion in sales for 2020.
The board of directors of Grainger declared a cash dividend of $1.62 per share, payable on December 1, 2021. Shareholders on record as of November 8, 2021 will be eligible to receive this dividend. In 2020, Grainger reported sales of $11.8 billion, establishing itself as a leading supplier of maintenance, repair, and operating (MRO) products across North America, Japan, and the UK.
Grainger reported Q2 2021 sales of $3.2 billion, reflecting a 13.1% increase year-over-year. Operating earnings surged 62% to $334 million, with a 103% rise in diluted EPS to $4.27. Gross margin declined to 35.0% due to inventory adjustments from pandemic-related products, impacting overall financial metrics. Grainger returned $203 million to shareholders, maintaining its guidance for 2021 with net sales expected between $12.7 - 13.0 billion.
The board of directors at W.W. Grainger, Inc. (NYSE: GWW) declared a cash dividend of $1.62 per share, payable on September 1, 2021. Shareholders on record as of August 9, 2021 will receive this dividend. In 2020, Grainger reported sales of $11.8 billion, establishing itself as North America's top supplier of maintenance, repair, and operating (MRO) products, with operations mainly in North America, Japan, and the United Kingdom.
Grainger (NYSE: GWW) has released its 2021 Corporate Responsibility Report, marking the tenth consecutive year of publication. The report highlights the company's commitment to sustainability and ESG (environmental, social, governance) issues, emphasizing initiatives in diversity, energy efficiency, and emissions reduction. Notably, Grainger aims to cut its absolute scope 1 and 2 GHG emissions by 30% by 2030 from a 2018 baseline. The company reported a 37% decrease in emissions since 2011 and has increased diversity among its workforce, with women comprising 38.5% of employees by the end of 2020.
Grainger reported Q1 2021 sales of $3.1 billion, reflecting a 2.8% increase year-over-year, with organic growth of 5.9%. Operating margins expanded by 630 basis points, while earnings per share rose to $4.48, a 40% increase compared to the previous year. The company generated $294 million in operating cash flow and returned $256 million to shareholders. For 2021, Grainger anticipates net sales between $12.7 and $13.0 billion, with earnings per share expected to range from $19.00 to $20.50.
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