News

Grainger Reports 5% Rise in 4th-Quarter Sales

W.W. Grainger Inc. has reported fourth-quarter sales of US$4 billion, a year-over-year increase of 5.1%.

Grainger’s operating earnings for the quarter were $557 million, up 2.4% compared to the same period last year. The company’s diluted earnings per share of $7.89 in the fourth quarter were up 4.7% versus reported earnings per share of $7.54 in 2023.

Overall, for 2023, Grainger reported sales of $16.5 billion, up 8.2%, or 9.5% on a daily, constant currency basis compared to the prior year.

“Our strong 2023 performance was driven by the team’s focused execution against our long-term strategy in a normalizing demand market. We strengthened our advantage in both our High-Touch Solutions and Endless Assortment segments and achieved record annual sales and earnings by remaining committed to our purpose, ‘We Keep the World Working®’,” said D.G. Macpherson, Grainger CEO. “As we look to 2024, we remain dedicated to delivering tangible value for customers, strong results for shareholders, and an engaging culture for 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 grainger.com.