News
Grainger Increases 4th-Quarter Sales 13%
February 3, 2023
W.W. Grainger Inc. has reported fourth-quarter sales of US$3.8 billion, an increase of 13.2% year-over-year.
Grainger’s adjusted operating earnings for the quarter were $523 million, up 25.5% compared to the same period last year. The company’s reported earnings per share of $7.54 in the fourth quarter were up 38.6% versus reported earnings per share of $5.44 in 2021.
Overall, for 2022, Grainger reported sales of $15.2 billion, up 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 DG Macpherson, Grainger CEO. “As we look to 2023, we remain focused on delivering value for our customers and strong results for shareholders and team members.”
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.
