earnings
confidence high
sentiment positive
materiality 0.75
Grainger Q4 sales $3.4B +14.2%, EPS $5.44 vs $3.12; issues 2022 guidance above consensus
W.W. GRAINGER, INC.
2021-FY EPS reported
$19.84
revenue$13,022,000,000
- Q4 sales $3.4B (+14.2% reported, +16.9% daily constant currency); gross margin 37.3% +240 bps.
- Reported EPS $5.44 (+74% YoY); adjusted EPS also $5.44; full year reported EPS $19.84 (+55%).
- 2022 guidance: sales $14.1-14.5B, EPS $23.50-$25.50, operating margin 12.5-13.1%.
- Q4 operating cash flow $213M (-37% YoY) due to inventory build; full year $937M (-17%).
- High-Touch N.A. sales +16.3% daily constant currency; Endless Assortment +20.6% daily constant currency.