Grainger Q1 EPS $9.62 (+0.1%), sales $4.2B (+3.5%), reaffirms FY guidance

W.W. GRAINGER, INC.

2024-Q1 EPS reported $9.62 revenue$4,235,000,000

Sales $4.2B up 3.5% (4.9% daily organic constant currency) vs Q1 2023.
Diluted EPS $9.62 up $0.01 YoY; operating margin 15.8% down 80 bps.
Operating cash flow $661M; returned $360M via dividends and buybacks.
Reaffirmed FY 2024 guidance: EPS $38.00-$40.50, sales $17.2-$17.7B.
Dividend increased 10%; share repurchase authorization refreshed for up to 5M shares.

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 first quarter ended March 31, 2024 results: revenue $4.2 billion, EPS $9.62. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $4.2 billion
EPS: $9.62
Guidance: reaffirmed
Result: reported results

Exact text from the filing

RESULTS FOR THE FIRST QUARTER 2024 Strategic focus driving business forward; Company reaffirms full year 2024 guidance ranges First Quarter Highlights • Delivered sales of $4.2 billion, up 3.5%, or 4.9% on a daily, organic constant currency basis • Achieved operating margin of 15.8%, down 80 basis points • Increased diluted EPS by $0.01 to $9.62 • Generated

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Source: SEC EDGAR

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