Grainger Reports Results for the First Quarter 2024

First Quarter Highlights
*Delivered sales of $4.2 billion, up 3.5%, or 4.9% on a daily, organic constant currency basis
*Achieved operating margin of 15.8%, down 80 basis points
*Generated $661 million in operating cash flow and returned $360 million to Grainger shareholders through dividends and share repurchases

Grainger (NYSE: GWW) today reported results for the first quarter of 2024 with sales of $4.2 billion, up 3.5%, or 4.9% on a daily, organic constant currency basis, and diluted EPS of $9.62, up 0.1% compared to the first quarter of 2023.

“Our 2024 performance so far shows that the team is focusing on what matters and living our purpose—We Keep the World Working®. We’ve produced solid results amidst a slow, but steady demand environment,” said D.G. Macpherson, Chairman and CEO. “Looking to the remainder of the year, we are well-positioned to achieve our guidance outlook as we work to provide a flawless experience and deliver tangible value for our customers.”
details at: https://pressroom.grainger.com/news/press-release-details/2024/GRAINGER-REPORTS-RESULTS-FOR-THE-FIRST-QUARTER-2024/default.aspx

Related Posts

Amcor reports fiscal 2020 full year results

Fiscal 2020 Full Year Highlights • GAAP net income of $612 million and earnings per share (EPS) of 38.2 cents per share; • Bemis integration well ahead of original expectations. Pre-tax synergy benefits of $80 million delivered; • Adjusted free cash flow of $1.2 billion, up 26%; • $500 million share buy-back completed. Shares on issue reduced by 3.5% during the year; and • Fiscal 2021 outlook: constant currency adjusted EPS growth of 5-10%. Adjusted free cash flow of $1.0-$1.1 billion.

Waddington Europe and Produce Packaging Start the Switch To 100% rPET Containers for the Soft Fruit Season

Waddington Europe, a division of Novolex®, has joined forces with its longstanding packaging distribution partner Produce Packaging to introduce containers made with 100% recycled material that are also 100% recyclable after use. Produce Packaging’s new containers will be made with Waddington Europe’s Eco Blend™ 100 material that consists entirely of a combination of post-consumer (PCR) and post-industrial (PIR) recycled PET (rPET). The new containers will be available to all Produce Packaging customers, including growers, packers and importers that supply major retail outlets. The switch to Eco Blend 100 reflects the decision by Produce Packaging to focus increasingly on packaging that is environmentally sustainable.

HP Industrial Print and ePac Flexible Packaging Enter into Multiyear Strategic Agreement to Convert ePac’s Flexible Packaging Fleet to HP Indigo 200k

HP Indigo and ePac Flexible Packaging have today announced a multiyear strategic agreement to convert ePac Flexible Packaging fleet to HP’s Indigo 200K digital press. This is a significant milestone for the partnership as ePac Flexible Packaging continues its fleet expansion in the digital print market. This deal is set to revolutionize ePac Flexible Packaging’s portfolio and solidify its position as an industry leader with the flexible packaging sector. The advanced capabilities of the HP Indigo 200K series, including enhanced speed, quality, and versatility, will enable ePac Flexible Packaging to offer innovative packaging solutions with unparalleled customization and efficiency.
Back To Top
×Close search
Search