Fourth Quarter 2022 Financial Highlights
*Delivered sales of $3.8 billion, up 13.2%, or 17.2% on a daily, constant currency basis
*Achieved reported operating margin of 14.3%, up 190 basis points, or 13.8% on an adjusted basis, up 135 basis points
*Generated 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 currency basis
*Realized reported operating margin of 14.5%, up 265 basis points, or 14.4% on an adjusted basis, up 255 basis points
*Delivered diluted EPS of $30.06 on a reported basis, up 51.5%, or $29.66 on an adjusted basis, up 49.5%
*Produced $1.3 billion in operating cash flow and returned $949 million to Grainger shareholders through dividends and share repurchases
Grainger (NYSE: GWW) today reported results for the fourth quarter and full year 2022. Sales of $3.8 billion in the fourth quarter 2022 increased 13.2%, or 17.2% on a daily, constant currency basis versus the fourth quarter of 2021. For the full year, sales of $15.2 billion increased 16.9%, or 19.3% on a daily, constant currency basis compared to the prior year.
“Our strong 2022 performance was driven by the team’s focused execution against our long-term strategy in a robust demand market. Both our High-Touch Solutions and Endless Assortment segments delivered above expectations by remaining committed to our purpose, We Keep the World Working®,” said D.G. Macpherson, Chairman and CEO. “As we look to 2023, we remain focused on delivering value for our customers and strong results for shareholders and team members.”
https://invest.grainger.com/investor-news/news-details/2023/GRAINGER-REPORTS-RESULTS-FOR-THE-FOURTH-QUARTER-AND-FULL-YEAR-2022/default.aspx