News
Grainger Increases 2nd-Quarter Sales 9%
July 27, 2023
W.W. Grainger Inc. has reported second-quarter sales of US$4.2 billion, an increase of 9% year-over-year.
Grainger’s operating earnings for the quarter were $661 million, up 23.5% compared to the same period last year. The company’s reported earnings per share of $9.28 in the second quarter were up 29.1% versus reported earnings per share of $7.19 in 2022.
“The team delivered another strong quarter of performance, as overall demand remains reasonably steady and we show up well with our customers. Across the business, we continue to invest in our team members and operations, including the recent announcement of our new Northwest Distribution Center, all while producing great results at the top and bottom line,” said D.G. Macpherson, Grainger chairman and CEO. “Given the success of the first half, we are raising the midpoint of our revenue and EPS ranges and expect to continue driving strong execution in the back half of 2023.”
About Grainger
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.
