8-K
filed July 27, 2023, 7:59 PM ET
ticker GWW
CIK 0000277135
earnings
confidence high
sentiment positive
materiality 0.80
Grainger Q2 EPS $9.28, sales +9%; raises FY 2023 guidance midpoint
W.W. GRAINGER, INC.
2023-Q2 EPS reported
$18.89
revenue$8,273,000,000
- Diluted EPS $9.28, up 29.1% YoY; operating earnings $661M, up 23.5%.
- Sales $4.18B, up 9.0% reported, 10.1% daily constant currency.
- Gross margin 39.3% (+170 bps); operating margin 15.8% (+190 bps).
- FY 2023 guidance raised: revenue $16.4-16.8B, EPS $35.00-36.75, daily sales growth 8.5-11%.
- Generated $450M operating cash flow; returned $265M via dividends/buybacks.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
W.W. GRAINGER, INC. reported the second quarter ended June 30, 2023 results: revenue $4,182, net income $470, EPS $9.28.
- Period
- the second quarter ended June 30, 2023
- Revenue
- $4,182
- Net income
- $470
- EPS
- $9.28
- Result
- reported results
Exact text from the filing
Net Sales $4,182 $3,837 9.0% Gross Profit $1,644 $1,441 14.0% Operating Earnings $661 $534 23.5% Net Earnings Attributable to W.W. Grainger, Inc. $470 $371 26.5% Diluted Earnings Per Share $9.28 $7.19 29.1% Gross Profit Margin 39.3% 37.6% 170 bps Operating Margin 15.8% 13.9% 190 bps Effective Tax Rate 24.0% 24.8% 80 bps
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
W.W. GRAINGER, INC. updated its full year 2023 guidance (raised).
- Period
- full year 2023
- Guidance
- raised
- Result
- guidance update
Exact text from the filing
Raising midpoint of full year 2023 total Company revenue and EPS guidance ranges, including daily sales growth of 8.5% to 11% and diluted EPS of $35.00 to $36.75 per share
View on SEC.gov
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