---
schema_version: "secwatch.filing_event.v1"
accession: "0000277135-24-000003"
form_type: "8-K"
ticker: "GWW"
cik: "0000277135"
company_name: "W.W. GRAINGER, INC."
filed_at: "2024-02-02T23:59:59+00:00"
generated_at: "2026-06-06T10:15:34.868501+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Grainger Q4 adjusted EPS $8.33 (+16.7% YoY); guides 2024 sales growth 4-7%

## Summary
- Q4 sales $4.0B, +5.1% reported (+5.5% daily organic constant currency).
- Full-year 2023 sales $16.5B (+8.2%); reported EPS $36.23 (+20.5%), adjusted $36.67 (+23.6%).
- Q4 reported EPS $7.89 (+4.7%); adjusted EPS $8.33 (+16.7%) with adjusted operating margin up 80bps to 14.6%.
- Operating cash flow $2.0B; returned $1.2B to shareholders via dividends and share buybacks.
- 2024 guidance: sales growth 4-7%; plans new 1.2M sq ft distribution center near Houston in 2026.

## SEC filing metadata
- accession: 0000277135-24-000003
- form_type: 8-K
- ticker: GWW
- cik: 0000277135
- company_name: W.W. GRAINGER, INC.
- filed_at: 2024-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/277135/000027713524000003/0000277135-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/277135/000027713524000003/gww-20240202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000277135-24-000003
- JSON: https://secwatch.observer/filing/0000277135-24-000003.json
- Plain text: https://secwatch.observer/filing/0000277135-24-000003.txt

## Key facts
- Earnings Releases
  W.W. GRAINGER, INC. reported full year 2023 results: revenue $16.5 billion, net income $1,829, EPS $36.23. Guidance initiated.
  - Period: full year 2023
  - Revenue: $16.5 billion
  - Net income: $1,829
  - EPS: $36.23
  - Guidance: initiated
  - Result: reported results
  source text: to $8.33 on an adjusted basis • Announced plans to open a new 1.2 million square-foot distribution center near Houston, Texas in 2026 Full Year 2023 Highlights • Grew sales to $16.5 billion, up 8.2%, or 9.5% on a daily, organic constant currency basis • Realized reported operating margin of 15.6%, up 110 basis points, or 15.7% on an adjusted basis, up 130 basis
  evidence_url: https://www.sec.gov/Archives/edgar/data/277135/000027713524000003/0000277135-24-000003-index.htm
- Earnings Releases
  W.W. GRAINGER, INC. reported the fourth quarter ended December 31, 2023 results: revenue $4.0 billion, net income $395, EPS $7.89.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $4.0 billion
  - Net income: $395
  - EPS: $7.89
  - Result: reported results
  source text: execution delivers solid quarter and record full year earnings; Company issues 2024 guidance, including 4% to 7% sales growth Fourth Quarter 2023 Highlights • Delivered sales of $4.0 billion, up 5.1%, or 5.5% on a daily, organic constant currency basis • Achieved reported operating margin of 13.9%, down 40 basis points, or 14.6% on an adjusted basis, up 80 basis
  evidence_url: https://www.sec.gov/Archives/edgar/data/277135/000027713524000003/0000277135-24-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.