Grainger Boosts 3rd-Quarter Sales 16%October 28, 2022
W.W. Grainger Inc. has reported third-quarter sales of US$3.9 billion, an increase of 16.9% year-over-year.
Grainger’s adjusted operating earnings for the quarter were $426 million, up 43.4% compared to the same period last year. The company’s reported earnings per share of $8.27 in the third quarter were up 46.4% versus reported earnings per share of $5.65 in 2021.
“The third-quarter performance reflects our focused execution against our long-term strategy and ability to serve customers well in this demand environment,” said DG Macpherson, Grainger CEO. “Our teams are driving impressive results across both business segments, and after another quarter of strong performance, we are increasing our 2022 full-year guidance. We remain on track to deliver an exceptional year.”
W.W. Grainger Inc. is a broad-line supplier of maintenance, repair, and operating products serving businesses and institutions in North America. It has an expanding presence in Asia, Europe, and Latin America. For more information, visit www.grainger.com.