WW Grainger Stock Price, News & Analysis

Grainger (NYSE: GWW) held an Investor Day on September 21, 2022, presenting a strategic update and new three-year financial targets through 2025. The company projects net sales between $19 billion and $20 billion, representing an 8% to 10% compound annual growth. Adjusted earnings per share are estimated at approximately $40, a 43% increase from 2022 guidance. Grainger aims for high-teens sales growth in its Endless Assortment segment and intends to invest in supply chain capacity and automation. The firm reaffirmed its 2022 guidance, expecting daily sales growth of 14.5% to 16.5%.

Grainger (NYSE: GWW), a leading distributor of maintenance and repair products, is set to hold an Investor Day on September 21, 2022, at its Northeast Distribution Center, starting at 10:00 a.m. ET. The event will feature key speakers, including CEO D.G. Macpherson and other executives, discussing strategies and future outlook. Attendees can register for the live webcast via invest.grainger.com. A replay will be available for 90 days post-event. In 2021, Grainger reported sales of $13 billion.

Grainger reported second quarter 2022 sales of $3.8 billion, a 19.6% increase year-over-year, showing 22.0% growth on a constant currency basis. Operating earnings surged 60.0% to $534 million, yielding an EPS of $7.19, up 68.4%. The gross margin expanded by 255 basis points to 37.6%.

The company raised its full-year guidance, projecting 2022 EPS between $27.25 - $28.75. Grainger also returned $219 million to shareholders through dividends and repurchases.

W.W. Grainger, Inc. (NYSE: GWW) declared a quarterly cash dividend of $1.72 per share, payable on September 1, 2022, to shareholders of record on August 8, 2022. In 2021, Grainger reported sales of $13.0 billion, positioning itself as a leading distributor in North America, Japan, and the United Kingdom. The company serves over 4.5 million customers globally with a diverse product range, including more than 2 million maintenance, repair, and operating (MRO) products.

Grainger reported a strong first quarter of 2022 with sales of $3.6 billion, up 18.2% year-over-year. Operating earnings surged 49.2% to $534 million, resulting in an EPS of $7.07, marking a 57.8% increase from the previous year. The company expanded its gross margin by 245 basis points to 37.9% due to effective operational execution. Additionally, Grainger raised its full-year 2022 guidance, now expecting EPS in the range of $25.00 to $27.00. The company remains well-positioned despite ongoing inflationary pressures.

W.W. Grainger, Inc. conducted its annual shareholder meeting virtually due to COVID-19 on April 27, 2022. CEO DG Macpherson highlighted operational and financial achievements from 2021, reporting sales of $13.0 billion. Shareholders elected 12 directors, ratified the appointment of Ernst & Young LLP as the independent auditor for 2022, and approved the 2022 Incentive Plan along with an advisory vote on executive compensation.

W.W. Grainger, Inc. (NYSE: GWW) announced a quarterly cash dividend of $1.72 per share, marking a 6% increase from the previous year. The dividend will be paid on June 1, 2022 to shareholders on record by May 9, 2022. Grainger has maintained a record of 51 consecutive years of increased dividends, reflecting its commitment to returning value to shareholders while investing strategically in the business. In 2021, Grainger reported $13.0 billion in sales, serving over 4.5 million customers globally.

W.W. Grainger, Inc. (NYSE: GWW) announced its nominees for the 2022-2023 Board of Directors, featuring 12 current members. Notably, Brian P. Anderson will retire after 23 years of service, having contributed significantly as Lead Director. Chairman and CEO D.G. Macpherson expressed gratitude for Anderson's leadership and insights. Grainger reported 2021 sales of $13 billion, serving over 4.5 million customers globally with a vast product range, including more than 2 million MRO products. The annual shareholder meeting is set for April 27, 2022.