Grainger (GWW) Tops Q4 EPS by 14c, Offers FY23 Guidance
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GRAINGER REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2022
February 2, 2023 8:00 AM ESTSuccessful execution of strategic initiatives fuels strong results; Company issues 2023 guidance, including 7% to 11% sales growth
Fourth Quarter 2022 Financial Highlights
Delivered sales of $3.8 billion, up 13.2%, or 17.2% on a daily, constant currency basisAchieved reported operating margin of 14.3%, up 190 basis points, or 13.8% on an adjusted basis, up 135 basis pointsGenerated diluted EPS of $7.54 on a reported basis, up 38.6%, or $7.14 on an adjusted basis, up 31.3%Full Year 2022 Financial Highlights
Grew sales to $15.2 billion, up 16.9%, or 19.3% on a daily, constant... More