WW Grainger Stock Price, News & Analysis

W.W. Grainger, Inc. (NYSE: GWW) announced a quarterly cash dividend of $1.72 per share, marking a 6% increase from the previous year. The dividend will be paid on June 1, 2022 to shareholders on record by May 9, 2022. Grainger has maintained a record of 51 consecutive years of increased dividends, reflecting its commitment to returning value to shareholders while investing strategically in the business. In 2021, Grainger reported $13.0 billion in sales, serving over 4.5 million customers globally.

W.W. Grainger, Inc. (NYSE: GWW) announced its nominees for the 2022-2023 Board of Directors, featuring 12 current members. Notably, Brian P. Anderson will retire after 23 years of service, having contributed significantly as Lead Director. Chairman and CEO D.G. Macpherson expressed gratitude for Anderson's leadership and insights. Grainger reported 2021 sales of $13 billion, serving over 4.5 million customers globally with a vast product range, including more than 2 million MRO products. The annual shareholder meeting is set for April 27, 2022.

Grainger reported strong financial results for Q4 2021, with sales reaching $3.4 billion, a 14.2% increase from the previous year. The company's gross margin expanded by 240 basis points to 37.3%. For the full year, total sales were $13.0 billion, up 10.4%, with strong customer demand driving growth in both segments. Reported operating earnings for Q4 were $417 million, marking a 52% increase. Earnings per share also saw significant growth, reaching $5.44. Looking ahead, Grainger projects 2022 sales between $14.1 and $14.5 billion.

Grainger (NYSE: GWW) has announced a cash dividend of $1.62 per share, payable on March 1, 2022. This dividend will be distributed to shareholders on record as of February 14, 2022. In 2020, Grainger achieved sales of $11.8 billion, solidifying its position as North America's leading broad-line supplier of maintenance, repair, and operating (MRO) products, with operations predominantly in North America, Japan, and the United Kingdom.

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.