Grainger Q3 EPS $8.27 beats; raises FY22 guidance to $29.10-$29.70

W.W. GRAINGER, INC.

2022-Q3 EPS reported $22.52 revenue$11,426,000,000

Q3 sales $3.94B (+16.9% YoY); gross margin 38.5% (+145 bps); operating margin 15.3% (+230 bps).
Diluted EPS $8.27 vs $5.65 YoY, up 46.4%; operating earnings $603M (+37.6%).
Operating cash flow $380M; returned $286M to shareholders via dividends and buybacks.
FY22 guidance raised: EPS $29.10-$29.70 (prev $27.25-$28.75); sales growth 15.5%-16.5%.
High-Touch N.A. daily sales +19.4%; Endless Assortment +8.6% (+23.7% constant currency).

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

W.W. GRAINGER, INC. reported third quarter ended September 30, 2022 results: revenue $3,942, net income $426, EPS $8.27. Guidance raised.

Period: third quarter ended September 30, 2022
Revenue: $3,942
Net income: $426
EPS: $8.27
Guidance: raised
Result: reported results

Exact text from the filing

($ in millions) Q3 2022 (1) Q3 2021 (1) Q3 Fav. (Unfav.) vs. Prior Net Sales $3,942 $3,372 16.9% Gross Profit $1,519 $1,250 21.5% Operating Earnings $603 $438 37.6% Net Earnings Attributable to W.W. Grainger, Inc. $426 $297 43.4% Diluted Earnings Per Share $8.27 $5.65 46.4%

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Source: SEC EDGAR

accession 0000277135-22-000040

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