Grainger Reports Results for the First Quarter 2022

First Quarter Highlights
*Delivered sales of $3.6 billion, up 18.2%, compared to the first quarter of 2021; up 17.9% on a daily, constant currency basis
*Expanded gross margin by 245 bps compared to the first quarter of 2021
*Operating earnings of $534 million, up 49.2%, resulting in EPS of $7.07, an increase of 57.8% versus the first quarter of 2021
*Produced operating cash flow of $343 million, up 16.7%; returned $163 million to shareholders through dividends and share repurchases
*Increases full year 2022 guidance, including updated EPS range of $25.00 – $27.00
*Recognized as one of Fortune’s 100 Best Companies to Work For ® in 2022

Grainger (NYSE: GWW) today reported results for the first quarter of 2022 with sales of $3.6 billion, up 18.2%, or 17.9% on a daily, constant currency basis compared to the first quarter 2021, driven by strong performance in both the High-Touch Solutions N.A. and Endless Assortment segments.

“The Grainger team performed extremely well in the first quarter, with strong financial results supported by a robust demand environment. We continued to execute against our key growth initiatives, drive operational excellence and strengthen our culture,” said DG Macpherson, Chairman and CEO. “Despite the ongoing inflationary and supply chain challenges, we are well positioned for a successful year.”
details at: https://pressroom.grainger.com/news/press-release-details/2022/GRAINGER-REPORTS-RESULTS-FOR-THE-FIRST-QUARTER-2022/default.aspx

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