Grainger (GWW) Tops Q2 EPS by 55c; Raises Outlook
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GRAINGER REPORTS RESULTS FOR THE SECOND QUARTER 2022
July 29, 2022 8:00 AM EDTSolid execution of strategic growth initiatives drives continued strong results; Company raises full year 2022 guidance
Second Quarter Highlights
Delivered sales of $3.8 billion, up 19.6%, compared to the second quarter of 2021; up 22.0% on a daily, constant currency basis Expanded gross margin by 255 bps compared to the second quarter of 2021Generated operating earnings of $534 million, up 60.0%, resulting in EPS of $7.19, an increase of 68.4% versus the second quarter of 2021Returned $219 million to shareholders through dividends and share repurchasesPublished 11th Environmental, Social and Governance report highlighting... More