Grainger Reports Results for the Fourth Quarter and Full Year 2021
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