Grainger Reports Results for the First Quarter 2024

First Quarter Highlights
*Delivered sales of $4.2 billion, up 3.5%, or 4.9% on a daily, organic constant currency basis
*Achieved operating margin of 15.8%, down 80 basis points
*Generated $661 million in operating cash flow and returned $360 million to Grainger shareholders through dividends and share repurchases

Grainger (NYSE: GWW) today reported results for the first quarter of 2024 with sales of $4.2 billion, up 3.5%, or 4.9% on a daily, organic constant currency basis, and diluted EPS of $9.62, up 0.1% compared to the first quarter of 2023.

“Our 2024 performance so far shows that the team is focusing on what matters and living our purpose—We Keep the World Working®. We’ve produced solid results amidst a slow, but steady demand environment,” said D.G. Macpherson, Chairman and CEO. “Looking to the remainder of the year, we are well-positioned to achieve our guidance outlook as we work to provide a flawless experience and deliver tangible value for our customers.”
details at: https://pressroom.grainger.com/news/press-release-details/2024/GRAINGER-REPORTS-RESULTS-FOR-THE-FIRST-QUARTER-2024/default.aspx

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