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. | --- | --- | --- | --- | --- | |----------------------------------------------|-------|-------|--------|---- ...

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 ...

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 ...

"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 ...

东吴证券（香港） 请务必阅读正文之后的免责声明部分 固安捷 （GWW.N） 证券研究报告·公司点评报告·贸易公司与经销商 [Table_Author]2024 年 6 月 3 日 | --- | --- | --- | --- | --- | |-------------------------------------|--------|-------------------|--------|--------| | 盈利预测与估值 | 2023A | 2024E | 2025E | 2026E | | 营业收入（百万美元） | 16,478 | 17,194 | 18,239 | 19,539 | | 同比（ % ） | 8.21 | 4.35 | 6.08 | 7.13 | | 归母净利润（百万美元） | 1,829 | 1,870 | 2,050 | 2,260 | | 同比（ % ） | 18.23 | 2.24 | 9.61 | 10.27 | | 每股收益（美元 / 股） | | 37.23 38.06 41.72 | | 46.00 | | P/E （倍） | 24.72 | 24.18 | 2 ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zac ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...

W.W. Grainger (GWW) reported $4.24 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 3.5%. EPS of $9.62 for the same period compares to $9.61 a year ago.The reported revenue represents a surprise of -0.81% over the Zacks Consensus Estimate of $4.27 billion. With the consensus EPS estimate being $9.58, the EPS surprise was +0.42%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Financial Performance - Net sales for Q1 2024 increased to $4,235 million, up 3.5% from $4,091 million in Q1 2023[11] - Gross profit for Q1 2024 was $1,668 million, compared to $1,634 million in Q1 2023, reflecting a gross margin of 39.4%[11] - Operating earnings decreased slightly to $669 million in Q1 2024 from $680 million in Q1 2023[11] - Net earnings attributable to W.W. Grainger, Inc. for Q1 2024 were $478 million, down from $488 million in Q1 2023[11] - Comprehensive earnings attributable to W.W. Grainger, Inc. for Q1 2024 were $443 million, down from $492 million in Q1 2023[14] - Diluted earnings per share for the three months ended March 31, 2024, was $9.62, slightly up from $9.61 in the same period of 2023[77] - Daily net sales for the three months ended March 31, 2024, were $66.2 million, reflecting a 3.5% increase compared to $63.9 million in the same period of 2023[72] - Daily organic constant currency net sales increased by 4.9% to $67.1 million in Q1 2024, compared to $65.2 million in Q1 2023[81] Cash Flow and Liquidity - Cash and cash equivalents increased to $804 million as of March 31, 2024, compared to $660 million at the end of 2023[17] - Net cash provided by operating activities for Q1 2024 was $661 million, significantly higher than $454 million in Q1 2023[19] - The company paid cash dividends of $105 million in Q1 2024, up from $87 million in Q1 2023[19] - Cash and cash equivalents as of March 31, 2024, were $804 million, up from $660 million as of December 31, 2023, with total available liquidity of approximately $2.1 billion[94] Assets and Liabilities - Total assets rose to $8,400 million as of March 31, 2024, up from $8,147 million at the end of 2023[17] - The Company reported a total debt of $2.284 billion as of March 31, 2024, compared to $2.300 billion as of December 31, 2023[42] - Total debt as a percentage of total capitalization was 39.4% as of March 31, 2024, down from 40.1% at the end of 2023, indicating improved financial flexibility[99] - The carrying amount of property, buildings, and equipment was $3.754 billion as of March 31, 2024, an increase from $3.718 billion as of December 31, 2023[37] - Goodwill decreased to $364 million as of March 31, 2024, from $370 million as of December 31, 2023, with no impairments recorded during the period[39] Expenses - Selling, general and administrative (SG&A) expenses increased by 5% to $999 million for the three months ended March 31, 2024, compared to $954 million in the same period of 2023[75] - Selling, general and administrative (SG&A) expenses rose to $813 million, a 4.9% increase from $775 million in Q1 2023, primarily due to higher marketing and payroll expenses[86] Market and Economic Conditions - The Company continues to monitor macroeconomic conditions, including inflation and potential recession impacts, which may affect its operations and financial results[68] - The company continues to face risks from inflation, higher product costs, and macroeconomic pressures[110] - Grainger's responses to market pressures and competitive pricing are critical to maintaining gross profit margins[110] - The Company reported no changes in internal control over financial reporting for the quarter ended March 31, 2024[115] - There have been no material changes to the risk factors previously disclosed in the 2023 Form 10-K[119] Shareholder Returns - The Company declared a quarterly dividend of $2.05 per share, payable on June 1, 2024, to shareholders of record on May 13, 2024[61] - Grainger's share repurchase program authorized the repurchase of up to 5 million shares with no expiration date, replacing the previous program from April 2021[120] - A total of 300,443 shares were purchased in the first quarter of 2024 at an average price of $950.00 per share[120] Risk Management - Forward-looking statements indicate that the company expects to face risks and uncertainties that could impact future results[108][109] - Grainger's primary market risk exposures include changes in foreign currency exchange and interest rates, with no material changes reported from the previous year[113] - The company has not experienced any major loss of customers or disruption in supply sources recently[110] - Grainger is committed to executing its environmental, social, and governance initiatives despite ongoing market challenges[110]

© 2024 W.W. Grainger, Inc. 4 constant currency) Dee Merriwether SVP and CFO Q1 2024 Results: Total Company Sales increased 3.5% (reported and daily) Gross profit margin declined 50 bps • SG&A deleverage from continued investment in demand generating activities Gross profit margin declined 60 bps, driven by: • Lap of one-time freight adjustment in prior year Operating margin declined 100 bps | --- | --- | --- | --- | --- | |-------|---------|-------|-----------|------------------------| | | Q1 2024 | | Q1 20 ...