Grainger (GWW) Tops Q3 EPS by 49c
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GRAINGER REPORTS RESULTS FOR THE THIRD QUARTER 2023
October 26, 2023 8:01 AM EDTAdvancing strategic initiatives while driving continued strong results;
Company narrows full-year 2023 guidance range
Third Quarter Highlights
Delivered sales of $4.2 billion, up 6.7%, or 8.7% on a daily, constant currency basis Generated operating earnings of $667 million, up 10.7%, with operating margin of 15.9%, up 60 basis pointsAchieved diluted EPS of $9.43, an increase of 14.1% Produced $523 million in operating cash flow and returned $287 million to Grainger shareholders through dividends and share repurchasesNarrowing full-year... More