WW Grainger Inc

Latest Results (20.08.2024):

Revenue

WW Grainger Inc reported sales of $4.3 billion for the second quarter of 2024, marking a 3.1% increase compared to the same period in 2023. On a daily, organic constant currency basis, sales grew by 5.1%. This growth was driven by increased volume across all geographies and broad-based gains in most customer end markets.

Gross Profit Margin

For the second quarter of 2024, WW Grainger Inc's gross profit margin remained flat at 39.3% compared to the same quarter in 2023. The High-Touch Solutions - N.A. segment maintained a gross profit margin of 41.7%, while the Endless Assortment segment saw a slight decline of 20 basis points due to product and customer mix headwinds.

Earnings

WW Grainger Inc's reported operating earnings for the second quarter of 2024 were $649 million, a decrease of 1.8% from the same period in 2023. On an adjusted basis, operating earnings were $665 million, up 0.6%. Reported diluted earnings per share were $9.51, a 2.5% increase, while adjusted diluted earnings per share were $9.76, up 5.2% from the second quarter of 2023.

Tax Rate

The effective tax rate for WW Grainger Inc in the second quarter of 2024 was 22.9%, down from 24.0% in the same quarter of the previous year. The decrease in the effective tax rate was primarily attributed to an increase in tax credits over the prior year quarter.

Cash Flow

During the second quarter of 2024, WW Grainger Inc generated $411 million in operating cash flow. The company invested $76 million in capital expenditures, resulting in free cash flow of $335 million. Additionally, WW Grainger Inc returned $345 million to shareholders through dividends and share repurchases.