Grainger (GWW) Tops Q3 EPS by $1.06, Offers Guidance
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GRAINGER REPORTS RESULTS FOR THE THIRD QUARTER 2022
October 28, 2022 8:00 AM EDTFocused execution driving strong results; Company raises full year 2022 guidance
Third Quarter Highlights
Delivered sales of $3.9 billion, up 16.9%, compared to the third quarter of 2021 on a reported and daily basis; up 20.3% on a daily, constant currency basis Expanded gross margin by 145 bps compared to the third quarter of 2021Generated operating earnings of $603 million, up 37.6%, resulting in diluted EPS of $8.27, an increase of 46.4% versus the third quarter of 2021Produced $380 million in operating cash flow and returned $286 million to shareholders through dividends and... More