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Grainger(GWW) - 2024 Q2 - Earnings Call Transcript
2024-08-01 18:35
W.W. Grainger, Inc. (NYSE:GWW) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Kyle Bland - VP, IR Donald Macpherson - Chairman and CEO Deidra Merriwether - SVP and CFO Conference Call Participants Tommy Moll - Stephens Inc. Dave Manthey - Baird Ryan Merkel - William Blair Jacob Levinson - Melius Research Jeff Reive - RBC Capital Markets Christopher Glynn - Oppenheimer Patrick Baumann - JPMorgan Operator Greetings. Welcome to W.W. Grainger Second Quarter 2024 Earnings Confer ...
Grainger (GWW) Q2 Earnings Top Estimates, Revenues Rise Y/Y
ZACKS· 2024-08-01 17:11
W.W. Grainger, Inc. (GWW) has reported earnings per share (EPS) of $9.76 in second-quarter 2024, beating the Zacks Consensus Estimate of $9.58. The bottom line improved 5% year over year, driven by an upbeat demand in the High-Touch Solutions N.A. and Endless Assortment segments. Grainger's quarterly revenues rose 3.1% year over year to $4.31 billion. However, the top line missed the Zacks Consensus Estimate of $4.35 billion. Daily sales increased 3.1% from the prior-year quarter. We predicted daily sales t ...
W.W. Grainger (GWW) Q2 Earnings Beat Estimates
ZACKS· 2024-08-01 14:15
W.W. Grainger (GWW) came out with quarterly earnings of $9.76 per share, beating the Zacks Consensus Estimate of $9.58 per share. This compares to earnings of $9.28 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.88%. 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 $9.62, delivering a surprise of 0.42%. Over the la ...
Grainger(GWW) - 2024 Q2 - Quarterly Results
2024-08-01 12:16
GRAINGER REPORTS RESULTS FOR THE SECOND QUARTER 2024 Operational execution driving resilient performance; Company narrows 2024 earnings outlook Second Quarter Highlights • Delivered sales of $4.3 billion, up 3.1%, or 5.1% on a daily, organic constant currency basis • Achieved reported operating margin of 15.1%, down 70 basis points, or 15.4% on an adjusted basis, down 40 basis points • Generated diluted EPS of $9.51 on a reported basis, up 2.5%, or $9.76 on an adjusted basis, up 5.2% • Produced $411 million ...
GRAINGER REPORTS RESULTS FOR THE SECOND QUARTER 2024
Prnewswire· 2024-08-01 12:00
Operational execution driving resilient performance; Company narrows 2024 earnings outlook Second Quarter Highlights Delivered sales of $4.3 billion, up 3.1%, or 5.1% on a daily, organic constant currency basis Achieved reported operating margin of 15.1%, down 70 basis points, or 15.4% on an adjusted basis, down 40 basis points Generated diluted EPS of $9.51 on a reported basis, up 2.5%, or $9.76 on an adjusted basis, up 5.2% Produced $411 million in operating cash flow and returned $345 million to Grainger ...
GRAINGER DECLARES QUARTERLY DIVIDEND
Prnewswire· 2024-07-31 17:00
CHICAGO, July 31, 2024 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) announced today that its board of directors approved a quarterly cash dividend of $2.05 per share. The dividend is payable on September 1, 2024, to shareholders of record on August 12, 2024. About Grainger W.W. Grainger, Inc., is a leading broad line distributor with operations primarily in North America, Japan and the United Kingdom. At Grainger, We Keep the World Working® by serving more than 4.5 million customers worldwide with produc ...
Will Solid Organic Sales Aid Grainger's (GWW) Q2 Results?
ZACKS· 2024-07-29 17:16
Image Source: Zacks Investment Research The Zacks Consensus Estimate for Donaldson's fourth-quarter fiscal 2024 earnings is pegged at 88 cents per share, indicating year-over-year growth of 12.8%. It has a trailing four-quarter average surprise of 6.2%. The Zacks Consensus Estimate for GWW's second-quarter revenues is pegged at $4.35 billion, indicating 4.1% growth from the year-ago reported figure. | --- | --- | --- | --- | --- | |----------------------------------------------|-------|-------|--------|---- ...
Gear Up for W.W. Grainger (GWW) Q2 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2024-07-29 14:22
In its upcoming report, W.W. Grainger (GWW) is predicted by Wall Street analysts to post quarterly earnings of $9.58 per share, reflecting an increase of 3.2% compared to the same period last year. Revenues are forecasted to be $4.35 billion, representing a year-over-year increase of 4.1%. Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple ...
Will W.W. Grainger (GWW) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-07-12 17:16
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider W.W. Grainger (GWW) . This company, which is in the Zacks Industrial Services industry, shows potential for another earnings beat. When looking at the last two reports, this seller of maintenance and other supplies has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 2.08%, on aver ...
Grainger Releases 2024 Environmental, Social and Governance (ESG) Report
Prnewswire· 2024-07-11 17:00
"At Grainger, doing the right thing is critical to our ability to be good stewards for our people, our customers, our shareholders and the environment," said D.G. Macpherson, Chairman and CEO. "Whether supporting fulfilling careers and strengthening our inclusive culture for our team members, helping our customers achieve their sustainability goals or partnering in our communities to build a better future, we take our responsibility seriously to make the things that matter better." Customer Sustainability S ...