Grainger Increases 2nd-Quarter Sales 19%August 1, 2022
W.W. Grainger Inc. has reported second-quarter sales of US$3.8 billion, an increase of 19.6% year-over-year.
Grainger’s adjusted operating earnings for the quarter were $534 million, up 60% compared to the same period last year. The company’s reported earnings per share of $7.19 in the second quarter were up 68.4% versus reported earnings per share of $4.27 in 2021.
“Our second quarter results reflect the team’s continued commitment to serving customers extraordinarily well in this strong demand environment,” said DG Macpherson, Grainger CEO. “Our execution on our strategic initiatives is driving sustained growth and share gain across the business. After another quarter that exceeded expectations, we are increasing our 2022 outlook and remain well-positioned to deliver an exceptionally strong 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.