Grainger Reports Results for the Fourth Quarter and Full Year 2021

Company achieves full year targets fueled by strong customer demand and execution of strategic initiatives; Issues 2022 guidance

Fourth Quarter Financial Highlights
*Delivered sales of $3.4 billion, up 14.2%, and up 16.9% on a daily, constant currency basis
*Expanded gross margin by 240 bps to 37.3%
*Generated reported and adjusted operating earnings of $417 million and achieved operating margin of 12.4%, up 305 basis points on a reported basis and up 240 basis points on an adjusted basis

2021 Financial Highlights
*Delivered sales of $13.0 billion, up 10.4%, and up 12.4% on an organic, daily, constant currency basis
*Drove U.S. market outgrowth of 100 basis points, 450 basis points on a two-year average
*Achieved reported and adjusted operating earnings of $1.5 billion, up 51.8% on a reported basis and up 16.6% on an adjusted basis
*Generated reported and adjusted EPS of $19.84, up 54.8% on a reported basis and up 22.6% on an adjusted basis

Grainger (NYSE: GWW) today reported results for the 2021 fourth quarter and full year. Sales of $3.4 billion in the fourth quarter 2021 increased 14.2%, and were up 16.9% on a daily, constant currency basis versus the fourth quarter 2020. For the full year, sales of $13.0 billion increased 10.4%, up 12.4% on an organic, daily, constant currency basis compared to the prior year. Customer demand continued to be very strong, fueling double-digit revenue growth in both segments.

“The second year of pandemic impacts brought a unique set of challenges in 2021. The Grainger team successfully navigated these challenges by helping our customers run their businesses effectively and stay safe. The team’s relentless focus on doing the right things, the right way, allowed us to deliver on our operational and financial expectations for the year” said DG Macpherson, Chairman and Chief Executive Officer. “We look forward to continuing to support our customers in 2022 and are confident in the path ahead.”
details at: https://pressroom.grainger.com/news/press-release-details/2022/GRAINGER-REPORTS-RESULTS-FOR-THE-FOURTH-QUARTER-AND-FULL-YEAR-2021/default.aspx

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