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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.
W.W. Grainger, Inc. (NYSE: GWW) held its annual shareholder meeting virtually on April 28, 2021, due to COVID-19. Chairman and CEO DG Macpherson discussed a recent re-segmentation to align financial reporting with two business models and emphasized the company's corporate responsibility framework known as the Grainger Edge. Shareholders elected 13 directors and ratified Ernst & Young LLP as the independent auditor for 2021. An advisory say on pay resolution for executive compensation was also approved. Grainger reported $11.8 billion in sales for 2020, establishing its position as North America's leading MRO supplier.
W.W. Grainger, Inc. (GWW) announced a 6% increase in its quarterly cash dividend to $1.62 per share, marking the 50th consecutive year of dividend increases. The dividend will be paid on June 1, 2021, to shareholders recorded by May 10, 2021. Additionally, the company authorized a new share repurchase program for up to 5 million shares, with no expiration date, replacing the previous program. Since 1984, Grainger has reduced its shares outstanding by over 50%.
Grainger (NYSE: GWW) announced the appointment of Julie Myerholtz as Vice President and Chief Information Security Officer (CISO). Myerholtz, with over 20 years of experience in information security and enterprise risk management, will lead Grainger's cybersecurity strategy and collaborate on information security matters company-wide. Her previous role was CISO at First Solar. Grainger, a leading supplier of MRO products, reported sales of $11.8 billion in 2020 and continues to invest in digital capabilities to enhance customer service.
W.W. Grainger has announced a slate of 13 nominees for its Board of Directors for the 2021-2022 term, including 12 current members and one new nominee, Katherine D. Jaspon. Ms. Jaspon has significant experience as the CFO of Dunkin' & Baskin Robbins at Inspire Brands, which generates about $12 billion in annual sales. Grainger reported $11.8 billion in sales for 2020 and is a leading supplier of maintenance, repair, and operating products in North America, Japan, and Europe. Shareholders will vote on the nominees at the annual meeting scheduled for April 28, 2021.
Grainger reported a strong financial performance for 2020, achieving $11.8 billion in sales, up 2.7% year-over-year. Q4 sales reached $2.9 billion, also up 3.3%. Operating earnings for the year totaled $1.0 billion, with an adjusted figure of $1.3 billion. The reported operating margin improved to 9.4% in Q4, and cash flow stood at $1.1 billion. Despite challenges, Grainger gained market share in the U.S. and showed resilience through cost control. The company will not provide 2021 guidance amid pandemic uncertainty.
The board of directors of W.W. Grainger, Inc. (GWW) has declared a cash dividend of $1.53 per share, payable on March 1, 2021. Shareholders of record will be as of February 8, 2021. Grainger reported $11.5 billion in sales for 2019 and is recognized as North America's leading supplier of maintenance, repair, and operating products, with operations in North America, Japan, and Europe.
Grainger (NYSE: GWW) has announced key executive appointments effective immediately. Deidra (Dee) Merriwether has been named Chief Financial Officer, previously serving as SVP and President of North American Sales and Services. Paige Robbins becomes SVP and President of the Grainger Business Unit, overseeing operations across the U.S., Canada, Mexico, and Puerto Rico. The company aims to enhance customer solutions and drive profitable growth through a new organizational structure that integrates its sales and service functions. These changes emphasize Grainger's commitment to customer engagement and operational efficiency.
Grainger (NYSE: GWW) announced the appointment of Robert O'Keef as interim CFO, effective January 1, 2021. This change follows Tom Okray's resignation to pursue another opportunity. O'Keef, who joined Grainger in 2018, holds extensive financial experience, previously overseeing areas like Treasury and Financial Planning. CEO DG Macpherson expressed confidence in O'Keef's leadership during the transition and highlighted his contributions to maintaining liquidity during the pandemic. Grainger reported $11.5 billion in sales for 2019, emphasizing its strong market position in MRO products.
Grainger (NYSE: GWW) appointed Steven A. White to its Board of Directors effective October 27, 2020. With over 30,000 employees and $18 billion in annual revenue as President of Comcast's West Division, White brings extensive experience in eCommerce, sales, and operations. Grainger's CEO, DG Macpherson, highlighted White's customer-focused approach as a valuable addition to the board, which now consists of 12 members. Grainger reported $11.5 billion in sales for 2019, solidifying its position as a leading supplier of MRO products in North America.
W.W. Grainger, Inc. (NYSE: GWW) announced a cash dividend of $1.53 per share, payable on December 1, 2020. Shareholders of record by November 9, 2020 will receive this dividend. In 2019, Grainger reported sales of $11.5 billion and is recognized as North America's leading supplier of maintenance, repair, and operating products, operating mainly in North America, Japan, and Europe. For detailed information, visit invest.grainger.com.
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