earnings
confidence high
sentiment positive
materiality 0.85
Grainger Q2 EPS $7.19 (+68% YoY); raises FY2022 guidance
W.W. GRAINGER, INC.
2022-Q2 EPS reported
$14.26
revenue$7,484,000,000
- Q2 sales $3.8B, up 19.6% YoY (22.0% daily constant currency); EPS $7.19 vs $4.27, +68.4%.
- Gross margin expanded 255 bps to 37.6%; operating margin 13.9% vs 10.4%, +350 bps.
- Raises FY2022 EPS guidance to $27.25-$28.75 (prev $25-$27); sales $15.0-$15.2B (prev $14.5-$14.9B).
- Operating cash flow $250M in Q2; returned $219M to shareholders via dividends and buybacks.
- Both segments drove growth: High-Touch N.A. daily sales +22.2%, Endless Assortment +11.4%.