CHICAGO, April 24, 2024 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) held its annual meeting of shareholders in Lake Forest, Ill., today. Chairman and CEO D.G. Macpherson provided a company update, which included financial and operational highlights from 2023. Shareholders elected the following 13 directors: Rodney C. Adkins Neil S. Novich George S. Davis Beatriz R. Perez Katherine D. Jaspon E. Scott Santi Christopher J. Klein Susan Slavik Williams Stuart L. Levenick Lucas E. Wats ...

CHICAGO, April 24, 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, an increase of 10% from the most recent company dividend. The dividend is payable on June 1, 2024, to shareholders of record on May 13, 2024. In addition, the board approved the repurchase of up to 5 million shares of the company's outstanding common stock, replacing the company's existing repurchase authorization. The new repurchase autho ...

W.W. Grainger, Inc. (GWW) is scheduled to report first-quarter 2024  results on Apr 25, before the opening bell.Q1 EstimatesThe Zacks Consensus Estimate for GWW’s first-quarter revenues is pegged at $4.28 billion, indicating growth of 4.6% from the year-ago quarter’s reported figure. The consensus mark for earnings per share is pegged at $9.58, implying a dip of 0.3% from the prior-year quarter's reported level.Q4 ResultsIn the last reported quarter, Grainger’s earnings surpassed the Zacks Consensus Estimat ...

The Federal Reserve reported that industrial production rose 0.4% month over month in March, in line with the consensus estimate. The metric for February was revised upward to a gain of 0.4% over the previous month from an increase of 0.1% reported earlier. Year over year, total industrial production remained unchanged in March.Manufacturing output increased 0.5% in March. The index fell 1.4% for mining and grew 2% for utilities. Capacity utilization increased to 78.4% in March compared with the downwardly ...

For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is W.W. Grainger (GWW) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.W.W. Grainger is a member of the Industrial Products sector. This group includes 222 individual stocks and currently holds a Zacks Sector Rank of #3. The Zac ...

Food distributor will extend its dividend growth streak to 55 years in the second half of April. Eli Unger This is the latest in my series of articles where I provide predictions of annual dividend increases for long-term dividend growth companies. At the end of March, I provided predictions for 10 dividend growth companies that have historically announced annual payout increases in the first half of April. In this article I’ll look at another 10 dividend growth companies that I expect will announce their ...

If you want to enjoy growing streams of dividend income, here are three stocks you should add to your portfolio.Dividends can be an investor's best friend. Not only do they represent a tangible return on your investment, but they also contribute a stream of passive income that can flow directly into your bank account. If you are an income investor, you should be looking for companies that have sturdy business models that generate copious amounts of free cash flow. Ideally, investors will not be expecting th ...

公司深度研究 数据来源：各公司官网和财报,东吴证券(香港) 企业较高的ROE 主要来自于较高的总资产周转率和权益乘数。MRO采购具备长尾特征, 根据 B2B 内参数据,约 60%金额的 MRO 采购是非重复性的,但却占了总采购 SKU 的 90%+;固安捷统计,超过 90%的 MRO 采购频次仅 1~2 次/年;震坤行统计,超过 50% 的 MRO Sku 库存周转市场超过 12 个月。横向策略资产周转率平均值较高，主要由于其 以标准化和易耗类 MRO 为基本盘,其中以清洁、防护、办公文具等 MRO 产品为例, 本身的周转较快,企业采购频次一般为半年或一个季度一次,有的企业甚至更为频繁。 图44: MRO 采购具长尾效应 與服 FER 数据来源: B2B 内参，东吴证券(香港) 图45: 重复性采购的标准化 MRO 金额占比约 40% 重复性采购MRO 金额占比, 40% 非重复性采购 MRO金额占比。 数据来源：B2B 内参，东吴证券（香港） | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------| ...

Sales and Revenue - Grainger generated approximately 82% of its consolidated net sales from U.S. operations in 2023[40]. - The company reported net sales of $16,478 million for the year ended December 31, 2023, an increase of 8.2% compared to the previous year, driven by a 5% volume increase and a 4% price increase[153]. - Daily, organic constant currency net sales for the total company increased by 9.5% in 2023 compared to the previous year[153]. - Net sales for 2023 reached $16,478 million, a 8.2% increase from $15,228 million in 2022[205]. - Approximately 20% of 2023 sales were from private label MRO items bearing Grainger's registered trademarks[37]. Financial Performance - Gross profit for 2023 was $6,496 million, reflecting an 11.1% increase, with a gross profit margin of 39.4%, up 100 basis points from the previous year[145]. - Operating earnings rose to $2,565 million in 2023, a 15.8% increase, while adjusted operating earnings increased by 18% to $2,591 million[147]. - Diluted earnings per share for 2023 were $36.23, representing a 20.5% increase from $30.06 in 2022[148]. - Net earnings attributable to W.W. Grainger, Inc. were $1,829 million in 2023, a 17.9% increase from $1,547 million in 2022[205]. - Total shareholders' equity increased to $3,441 million in 2023, up from $2,735 million in 2022[210]. Operational Metrics - As of December 31, 2023, Grainger employed over 26,000 team members, with approximately 85% located in North America[43]. - The company serves over 4.5 million customers globally, with no single customer accounting for more than 10% of total sales in 2023[27]. - Grainger's High-Touch Solutions N.A. segment primarily serves mid-size and large businesses with complex purchasing needs[28]. - Grainger's Endless Assortment segment includes Zoro, offering over 13 million products, and MonotaRO, providing access to more than 22 million products[32]. Supply Chain and Risk Management - The company has more than 5,000 primary suppliers worldwide, with no single supplier comprising more than 5% of total purchases in 2023[33]. - Disruptions in Grainger's supply chain could adversely affect its ability to meet customer demand, impacting sales and financial performance[59]. - Geopolitical tensions and related international responses could exacerbate inflationary pressures, impacting Grainger's ability to manage costs effectively[60]. - Grainger's exposure to foreign currency fluctuations could impact reported net sales and net earnings, particularly with currencies like the Japanese yen and euro[69]. Investments and Growth Strategy - Grainger is increasing investments in eCommerce platforms, focusing on technology information systems and digital advertising to enhance customer interactions and retention[75]. - The company is investing in artificial intelligence, machine learning, and large language model technologies to improve its eCommerce capabilities[76]. - The company expects to continue investing in supply chain capacity and technology enhancements as part of its growth strategy[178]. Employee and Diversity Initiatives - The company is committed to diversity, with approximately 39% of U.S. team members being women and 37% being racially and ethnically diverse[49]. - Grainger's ability to attract and retain key team members is critical for maintaining competitive advantage, facing challenges from rising wage rates and talent shortages[98]. Regulatory and Compliance Risks - The company is subject to various regulatory risks, including compliance with laws related to data protection and environmental standards, which could increase operational costs[104]. - Grainger's cybersecurity team actively manages risks, but unauthorized access incidents have occurred, which could impact financial condition[119]. Capital Structure and Shareholder Returns - As of December 31, 2023, Grainger's consolidated indebtedness was approximately $2.3 billion[112]. - Share repurchases amounted to $850 million in 2023, an increase from $603 million in 2022, with 2024 repurchases expected to be between $900 million and $1,100 million[179]. - Dividends declared and paid in 2023 totaled $392 million, compared to $370 million in 2022[180]. Economic and Market Conditions - Economic downturns and market uncertainties could negatively impact Grainger's customers, leading to reduced demand for its products and services[61]. - The company faces competition from large manufacturers, wholesale distributors, and online businesses, necessitating a strong response to market pressures[71].

NYSE: GWW Q4 2023 Earnings Call February 2, 2024 © 2024 W.W. Grainger, Inc. 2 Opening Remarks D.G. Macpherson Chairman and CEO © 2024 W.W. Grainger, Inc. 3 © 2024 W.W. Grainger, Inc. 3 Large scale creates significant complexity Safe Harbor Statement and Non-GAAP Financial Measures | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...