earnings
confidence high
sentiment neutral
materiality 0.65
Grainger Q3 EPS $9.87, sales $4.4B up 4.3%; narrows 2024 EPS guidance to $38.65-$39.35
W.W. GRAINGER, INC.
2024-Q3 EPS reported
$29.00
revenue$12,935,000,000
- Diluted EPS $9.87, up 4.7% YoY; sales $4.4B, up 4.3% (4.0% daily organic constant currency).
- Operating margin 15.6%, down 30bps; gross margin 39.2%, down 10bps.
- High-Touch Solutions N.A. sales up 3.3%; Endless Assortment sales up 8.1% (11.5% daily constant currency).
- Generated $611M operating cash flow; returned $328M to shareholders via dividends and buybacks.
- 2024 guidance narrowed: daily organic sales growth 4.5%-5.25%, adjusted EPS $38.65-$39.35.