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Grainger(GWW) - 2024 Q3 - Earnings Call Transcript
2024-10-31 17:48
W.W. Grainger, Inc. (NYSE:GWW) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Kyle Bland - Vice President, Investor Relations Donald Macpherson - Chairman and Chief Executive Officer Deidra Merriwether - Senior Vice President and Chief Financial Officer Conference Call Participants Ryan Merkel - William Blair Jacob Levinson - Melius Research Sabrina Abrams - Bank of America David Manthey - Baird Tommy Moll - Stephens Patrick Baumann - JPMorgan Operator Greetings and welco ...
W.W. Grainger (GWW) Misses Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-31 14:15
W.W. Grainger (GWW) came out with quarterly earnings of $9.87 per share, missing the Zacks Consensus Estimate of $9.98 per share. This compares to earnings of $9.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.10%. A quarter ago, it was expected that this seller of maintenance and other supplies would post earnings of $9.58 per share when it actually produced earnings of $9.76, delivering a surprise of 1.88%.Over the las ...
Grainger(GWW) - 2024 Q3 - Quarterly Results
2024-10-31 12:26
GRAINGER REPORTS RESULTS FOR THE THIRD QUARTER 2024 Continued strong execution fueling results; Company narrows 2024 earnings outlook Third Quarter Highlights • Delivered sales of $4.4 billion, up 4.3%, or 4.0% on a daily, organic constant currency basis • Achieved operating margin of 15.6%, down 30 basis points • Generated diluted EPS of $9.87, up 4.7% • Produced $611 million in operating cash flow and returned $328 million to Grainger shareholders through dividends and share repurchases • Narrowing 2024 t ...
GRAINGER REPORTS RESULTS FOR THE THIRD QUARTER 2024
Prnewswire· 2024-10-31 12:00
Continued strong execution fueling results;Company narrows 2024 earnings outlookThird Quarter Highlights Delivered sales of $4.4 billion, up 4.3%, or 4.0% on a daily, organic constant currency basis Achieved operating margin of 15.6%, down 30 basis points Generated diluted EPS of $9.87, up 4.7% Produced $611 million in operating cash flow and returned $328 million to Grainger shareholders through dividends and share repurchases Narrowing 2024 total Company earnings guidance ranges, including daily, organic ...
Zacks Industry Outlook Siemens, W.W. Grainger and SiteOne Landscape Supply
ZACKS· 2024-10-30 10:45
For Immediate Release Chicago, IL – October 30, 2024 – Today, Zacks Equity Research like Siemens (SIEGY) , W.W. Grainger, Inc. (GWW) and SiteOne Landscape Supply, Inc. (SITE) . Industry: Industrial Services Link: https://www.zacks.com/commentary/2359697/3-industrial-services-stocks-to-consider-amid-industrychallenges The Zacks Industrial Services industry has been bearing the brunt of the prolonged contraction in the manufacturing sector as customers remain cautious about spending. Flared-up input costs hav ...
3 Industrial Services Stocks to Consider Amid Industry Challenges
ZACKS· 2024-10-29 17:20
The Zacks Industrial Services industry has been bearing the brunt of the prolonged contraction in the manufacturing sector as customers remain cautious about spending. Flared-up input costs have added to the woes. Despite the current setback, the rise in e-commerce activities will be a key catalyst for the industry. Companies like Siemens (SIEGY) , W.W. Grainger, Inc. (GWW) and SiteOne Landscape Supply, Inc. (SITE) are positioned for growth by leveraging strategies to capitalize on this demand. The companie ...
W.W. Grainger (GWW) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
ZACKS· 2024-10-28 14:21
Wall Street analysts expect W.W. Grainger (GWW) to post quarterly earnings of $9.98 per share in its upcoming report, which indicates a year-over-year increase of 5.8%. Revenues are expected to be $4.4 billion, up 4.7% from the year-ago quarter. The consensus EPS estimate for the quarter has undergone an upward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Prior to ...
Will Strong Organic Growth Across Segments Aid Grainger's Q3 Earnings?
ZACKS· 2024-10-25 18:01
W.W. Grainger, Inc. (GWW) is scheduled to report third-quarter 2024 results on Oct. 31, before the opening bell. The Zacks Consensus Estimate for GWW's revenues is pegged at $4.40 billion, indicating 4.7% growth from the year-ago figure. The consensus estimate for earnings is pegged at $9.98 per share. The consensus estimate for GWW's earnings has moved down 0.5% in the past 60 days. The estimate indicates year-over-year growth of 10.3%. | --- | --- | --- | --- | --- | |------------------------------------- ...
W.W. Grainger (GWW) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-10-24 15:05
W.W. Grainger (GWW) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 31, 2024, might help the stock move higher if these key numbers are better t ...
W.W. Grainger (GWW) Surges 5.8%: Is This an Indication of Further Gains?
ZACKS· 2024-10-14 11:39
W.W. Grainger (GWW) shares rallied 5.8% in the last trading session to close at $1,085.04. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.8% gain over the past four weeks. Shares of Grainger have been gaining on solid growth in both its segments. The company's High-Touch Solutions North America (N.A.) segment has been gaining from continued volume growth across all geographies and strong price realization. ...