WW Grainger - GWW STOCK NEWS

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.

Grainger (GWW) announced Q3 2020 results, reporting sales of $3.0 billion, up 2.4% year-over-year. Organic daily sales increased 4.6%, driven by market share gains and strong growth in endless assortment businesses. Operating earnings rose 12% to $380 million, with an earnings per share of $4.41, up 4%. However, gross profit margin dipped to 35.6% from 37.3%, impacted by product mix and growth in lower-margin areas. Operating cash flow decreased to $311 million due to working capital investments, despite a dividend increase marking the 49th consecutive year.

Grainger (NYSE: GWW) played a pivotal role in ensuring the Chicago Cubs had a safe season at Wrigley Field amidst the COVID-19 pandemic. The company facilitated the reconfiguration of the stadium, conducted virtual safety assessments, and procured necessary health supplies. Grainger, recognized as an essential business, aims to continue supporting the Cubs with safety solutions for employees and fans. In 2019, Grainger recorded sales of $11.5 billion, solidifying its position as a leading MRO products supplier in North America.

Grainger (GWW) has donated 1.7 million face coverings to the Children First Fund to support Chicago Public Schools during the 2020-2021 school year. This donation includes 1.2 million reusable cloth masks and 500,000 disposable masks, aimed at ensuring safety for students and staff. Part of the donation has already been used for the Summer Return to Play programming. Grainger's contribution highlights its commitment to community support and pandemic response, reinforcing its role as a leading provider of maintenance, repair, and operating products.

W.W. Grainger, Inc. (NYSE: GWW) announced a quarterly dividend of $1.53 per share, marking a 6% increase from June 2020. The dividend will be paid on September 1, 2020, to shareholders of record as of August 10, 2020. Grainger celebrates its 49th consecutive year of increasing dividends, demonstrating its strong cash flow and commitment to shareholder value amidst ongoing economic challenges due to COVID-19. The company's 2019 sales reached $11.5 billion, solidifying its status as North America's leading supplier of MRO products.

Grainger (NYSE: GWW) reported Q2 2020 results with net sales of $2.8 billion, a 2% decrease year-over-year. Despite an estimated 14-15% decline in the MRO market, the company gained market share, driven by heightened pandemic product sales. Gross profit declined 9% to $1.016 billion, with a gross profit margin of 35.8%, down 290 basis points from 2019. Reported operating earnings dropped 46% to $205 million, while diluted EPS fell 55% to $2.10. The company recorded a $109 million loss from the sale of the Fabory business, impacting earnings significantly.

Grainger (NYSE: GWW) has been recognized by Selling Power magazine as one of the "50 Best Companies to Sell For" in 2020, marking the 20th consecutive year it has received this honor. The evaluation criteria included compensation, benefits, sales training, and customer retention. Grainger emphasizes a culture of continuous learning for its sales team, which supports over 3.5 million global businesses with MRO products and services. In 2019, Grainger reported sales of $11.5 billion, reinforcing its position as a leader in the MRO sector.