Q1 2024 Overall Performance - Total company sales increased by 35% [4, 62] - High-Touch Solutions N A sales increased 34% [35] - Endless Assortment sales increased 37% [8, 78] - Diluted EPS increased 01% to $962 [62, 70, 87] - Operating cash flow increased 456% to $661 million [70] Margin Analysis - Total company gross profit margin declined by 50 bps [4, 62] - High-Touch Solutions N A gross profit margin declined by 70 bps [113] - Endless Assortment gross profit margin declined by 30 bps [8, 78] - Total company operating margin declined by 80 bps [5, 62, 72] Segment Performance Details - Zoro U S daily sales increased by 51% [8, 111] - MonotaRO reported growth of 131% in local days and local currency [8] - High-Touch Solutions U S daily organic sales increased by 40% [35, 113, 121] Guidance - The company reaffirmed the full-year 2024 sales guidance of $172 billion to $177 billion [80] - The company expects full-year 2024 EPS to be between $3800 and $4050 [80]
Grainger(GWW) - 2024 Q1 - Earnings Call Presentation