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W.W. Grainger Inc. - GWW STOCK NEWS

Welcome to our dedicated news page for W.W. Grainger (Ticker: GWW), a resource for investors and traders seeking the latest updates and insights on W.W. Grainger.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect W.W. Grainger's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of W.W. Grainger's position in the market.

News
GRAINGER';S SHAREHOLDERS ELECT 13 DIRECTORS AND OTHER ANNUAL MEETING HIGHLIGHTS
Rhea-AI Summary
W.W. Grainger, Inc. held its annual meeting of shareholders where Chairman and CEO D.G. Macpherson provided a company update with financial and operational highlights from 2023. Shareholders elected 13 directors and ratified the appointment of Ernst & Young LLP as the independent auditor for 2024. The advisory say on pay resolution on executive compensation was also approved.
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GRAINGER INCREASES QUARTERLY DIVIDEND BY 10%; REFRESHES SHARE REPURCHASE AUTHORIZATION
Rhea-AI Summary
W.W. Grainger, Inc. (NYSE: GWW) announced a 10% increase in its quarterly cash dividend to $2.05 per share. The board also approved the repurchase of up to 5 million shares of common stock with no expiration date. This marks the 53rd consecutive year of increased dividends for Grainger, showcasing their commitment to shareholders.
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buyback dividends
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W.W. Grainger, Inc. Adds Cindy J. Miller as a Nominee to its Board of Directors to be Voted on at the Company's Annual Meeting on April 24, 2024
Rhea-AI Summary
Grainger (GWW) appoints Cindy J. Miller, a seasoned leader in business-to-business strategy and operations, as a nominee for the Board of Directors. Miller brings extensive experience in transportation, logistics, and customer segmentation, enhancing Grainger's capabilities for long-term success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.89%
Tags
management
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TWELVE DIRECTORS SLATED FOR GRAINGER';S BOARD TO BE VOTED ON AT THE COMPANY'S ANNUAL MEETING ON APRIL 24, 2024
Rhea-AI Summary
Grainger (NYSE: GWW) announces a slate of nominees for the 2024-2025 period, including 12 current Board members. V. Ann Hailey, a Board member since 2006, will not stand for re-election after 18 years of service. Chairman and CEO D.G. Macpherson expresses gratitude for her contributions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
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GRAINGER REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2023
Rhea-AI Summary
Grainger (NYSE: GWW) reported strong Q4 and full-year 2023 results, with sales up 5.1% in Q4 and 8.2% for the full year. The reported operating margin was 13.9% in Q4 and 15.6% for the full year, with diluted EPS increasing by 4.7% and 20.5% respectively. The company issued 2024 guidance, projecting 4% to 7% sales growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.41%
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earnings
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Grainger Announces Plans for New Distribution Center Near Houston
Rhea-AI Summary
Grainger (NYSE: GWW) announced plans to open a 1.2 million-square-foot distribution center in Hockley, Texas in 2026. The new 'Houston Texas Distribution Center' aims to provide additional capacity for the company to deliver best-in-class, next-day complete orders to customers. The facility is expected to house more than 250,000 industrial supply items and employ approximately 400 team members within a year of opening.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.01%
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GRAINGER DECLARES QUARTERLY DIVIDEND
Rhea-AI Summary
W.W. Grainger, Inc. (GWW) declared a quarterly cash dividend of $1.86 per share, payable on March 1, 2024, to shareholders of record on February 12, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
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W.W. Grainger, Inc. Names Chris Klein to its Board of Directors
Rhea-AI Summary
Grainger (NYSE: GWW) appoints Chris Klein, a seasoned executive with extensive leadership experience, to its Board of Directors. Klein brings a wealth of knowledge in growth strategies, customer understanding, and market dynamics, having served as the Executive Chairman and CEO of Fortune Brands Home and Security, as well as in key leadership positions at Bank One Corporation, McKinsey & Company, and Internet Capital Group.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.22%
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management
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Grainger Announces Agreement to Sell E&R Industrial Sales, Inc.
Rhea-AI Summary
Grainger (NYSE: GWW) announced the sale of E&R Industrial Sales, Inc. to Paradigm Equity Partners, a private equity firm. E&R Industrial was a subsidiary of W.W. Grainger, Inc. The sale marks a strategic move for the company, potentially impacting its financials and business operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
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Grainger Hires Tech Industry Leader Cecelia Myers as Vice President, Group Product Manager
Rhea-AI Summary
Grainger (NYSE: GWW) announced the appointment of Cecelia Myers as Vice President, Group Product Manager, to lead the company's strategy in custom-building technology capabilities for enhancing customer and team member experience. Myers brings extensive experience from her previous roles at CDW, Groupon, and CakeStyle, focusing on digital channels, product management, AI solutions, and user experience. Her appointment reflects Grainger's commitment to digital transformation and customer value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.49%
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management
Stock GWW logo
W.W. Grainger Inc.

NYSE:GWW

GWW Rankings

#262 Ranked by Market Cap
#888 Ranked by Stock Gains
#1908 Ranked by Dividends

GWW Stock Data

47.41B
44.54M
9.47%
75.01%
2.55%
Industrial Machinery and Equipment Merchant Wholesalers
Wholesale Trade
Link
US
Lake Forest

About GWW

as a leading business-to-business organization, more than 3.2 million customers rely on grainger for products in categories such as safety, material handling, and metalworking, along with services like inventory management and technical support.grainger is here for the ones who get it done with more than 1.5 million quality in-stock products, a consultative sales approach, technical and product expertise, a premium digital experience, and the ability to get complete orders to customers quickly to help keep theiroperations running and their people safe. count on us for supplies and solutions for every industry.visit grainger.com® to learn more.the grainger shipping box design is a registered trademark of w.w. grainger, inc.