Grainger (GWW) Tops Q4 EPS by 27c
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GRAINGER REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2023
February 2, 2024 8:00 AM ESTFocused 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 basisAchieved reported operating margin of 13.9%, down 40 basis points, or 14.6% on an adjusted basis, up 80 basis pointsIncreased diluted EPS by 4.7% to $7.89 on a reported basis, or by 16.7% to $8.33 on an adjusted basisAnnounced plans to open a new 1.2 million square-foot distribution center... More