Grainger (GWW) Misses Q3 EPS by 10c, Offers FY24 Guidance
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GRAINGER REPORTS RESULTS FOR THE THIRD QUARTER 2024
October 31, 2024 8:00 AM EDTContinued strong execution fueling results;
Company narrows 2024 earnings outlook
Third Quarter Highlights
Delivered sales of $4.4 billion, up 4.3%, or 4.0% on a daily, organic constant currency basis Achieved operating margin of 15.6%, down 30 basis pointsGenerated diluted EPS of $9.87, up 4.7%Produced $611 million in operating cash flow and returned $328 million to Grainger shareholders through dividends and share repurchasesNarrowing 2024 total Company earnings guidance ranges, including daily, organic constant currency sales growth of... More