Grainger Q3 sales $4.2B +6.7%; EPS $9.43 +14%; narrows FY EPS guidance to $36.00-$36.60

W.W. GRAINGER, INC.

2023-Q3 EPS reported $28.32 revenue$12,481,000,000

Q3 sales $4.2B, up 6.7% YoY (8.7% daily constant currency); operating earnings $667M +10.7%; diluted EPS $9.43 +14.1%.
Gross profit margin 39.3% (up 80 bps); operating margin 15.9% (up 60 bps).
Generated $523M operating cash flow; returned $287M to shareholders via dividends and buybacks.
Narrows FY2023 guidance: daily sales growth 8.5%-9.5%; diluted EPS $36.00-$36.60 (prev $35.00-$36.75).
High-Touch Solutions N.A. daily sales +8.7%; Endless Assortment +6.0% (+9.2% constant currency).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

W.W. GRAINGER, INC. reported the third quarter ended September 30, 2023 results: revenue $4.2 billion, net income $476 million, EPS $9.43. Guidance reaffirmed.

Period: the third quarter ended September 30, 2023
Revenue: $4.2 billion
Net income: $476 million
EPS: $9.43
Guidance: reaffirmed
Result: reported results

Exact text from the filing

QUARTER 2023 Advancing strategic initiatives while driving continued strong results; Company narrows full-year 2023 guidance range Third Quarter Highlights • Delivered sales of $4.2 billion, up 6.7%, or 8.7% on a daily, constant currency basis • Generated operating earnings of $667 million, up 10.7%, with operating margin of 15.9%, up 60 basis points • Achieved

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Source: SEC EDGAR

accession 0000277135-23-000093

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