W.W. Grainger, Inc. (GWW) has reported earnings per share of $9.62 in first-quarter 2024, beating the Zacks Consensus Estimate of $9.58. The bottom line improved 0.1% year over year.Grainger’s quarterly revenues rose 3.5% year over year to $4.24 billion. The top line missed the Zacks Consensus Estimate of $4.27 billion. Daily sales increased 3.5% from the prior-year quarter. We predicted daily sales to increase 4.2%.The High-Touch Solutions N.A. segment’s daily sales rose 3.4% in the quarter from the first ...

Sales Performance - Q1 2024 sales reached $4.2 billion, up 3.5% YoY, or 4.9% on a daily, organic constant currency basis[3][4] - High-Touch Solutions - N.A. segment daily sales grew 3.4% YoY, while Endless Assortment segment daily sales grew 3.7% YoY (10.0% on a daily, constant currency basis)[7] - Total company reported sales growth for Q1 2024 was 3.5%, with High-Touch Solutions - N.A. at 3.4% and Endless Assortment at 3.7%[38] - Daily, organic constant currency sales growth for Q1 2024 was 4.9% for the total company, 3.8% for High-Touch Solutions - N.A., and 10.0% for Endless Assortment[38] - Foreign currency exchange positively impacted sales growth by 0.9% for the total company and 6.3% for Endless Assortment in Q1 2024[38] Earnings and Profitability - Diluted EPS for Q1 2024 was $9.62, a 0.1% increase compared to Q1 2023[3][4] - Operating margin for Q1 2024 was 15.8%, down 80 basis points YoY[4][5] - Gross profit margin for Q1 2024 was 39.4%, a 50-basis point decline YoY[8] - Net earnings for Q1 2024 were $497 million, compared to $508 million in Q1 2023[27] - Effective tax rate for Q1 2024 was 24.2%, up from 23.3% in Q1 2023 due to decreased stock compensation tax benefit[12] Cash Flow and Capital Allocation - Operating cash flow for Q1 2024 was $661 million, with free cash flow of $542 million after $119 million in capital expenditures[13] - Free cash flow (FCF) for Q1 2024 was $542 million, calculated as $661 million from operating activities minus $119 million in capital expenditures[39] - Net cash provided by operating activities increased to $661 million in Q1 2024 from $454 million in Q1 2023[27] - Capital expenditures for Q1 2024 were $119 million, up from $98 million in Q1 2023[27] - Company returned $360 million to shareholders through dividends and share repurchases in Q1 2024[4][13] - Purchases of treasury stock in Q1 2024 totaled $268 million, compared to $142 million in Q1 2023[27] - Cash dividends paid in Q1 2024 were $105 million, up from $87 million in Q1 2023[27] - Cash and cash equivalents at the end of Q1 2024 were $804 million, compared to $461 million at the end of Q1 2023[27] Guidance and Outlook - Reaffirmed FY 2024 guidance: net sales of $17.2 - $17.7 billion, diluted EPS of $38.00 - $40.50, and operating cash flow of $1.9 - $2.1 billion[14][15] - High-Touch Solutions - N.A. segment operating margin guidance for FY 2024 is 17.4% - 17.9%, while Endless Assortment segment is 7.3% - 7.8%[15]

CHICAGO, April 24, 2024 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) held its annual meeting of shareholders in Lake Forest, Ill., today. Chairman and CEO D.G. Macpherson provided a company update, which included financial and operational highlights from 2023. Shareholders elected the following 13 directors: Rodney C. Adkins Neil S. Novich George S. Davis Beatriz R. Perez Katherine D. Jaspon E. Scott Santi Christopher J. Klein Susan Slavik Williams Stuart L. Levenick Lucas E. Wats ...

CHICAGO, April 24, 2024 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) announced today that its board of directors approved a quarterly cash dividend of $2.05 per share, an increase of 10% from the most recent company dividend. The dividend is payable on June 1, 2024, to shareholders of record on May 13, 2024. In addition, the board approved the repurchase of up to 5 million shares of the company's outstanding common stock, replacing the company's existing repurchase authorization. The new repurchase autho ...

W.W. Grainger, Inc. (GWW) is scheduled to report first-quarter 2024  results on Apr 25, before the opening bell.Q1 EstimatesThe Zacks Consensus Estimate for GWW’s first-quarter revenues is pegged at $4.28 billion, indicating growth of 4.6% from the year-ago quarter’s reported figure. The consensus mark for earnings per share is pegged at $9.58, implying a dip of 0.3% from the prior-year quarter's reported level.Q4 ResultsIn the last reported quarter, Grainger’s earnings surpassed the Zacks Consensus Estimat ...

The Federal Reserve reported that industrial production rose 0.4% month over month in March, in line with the consensus estimate. The metric for February was revised upward to a gain of 0.4% over the previous month from an increase of 0.1% reported earlier. Year over year, total industrial production remained unchanged in March.Manufacturing output increased 0.5% in March. The index fell 1.4% for mining and grew 2% for utilities. Capacity utilization increased to 78.4% in March compared with the downwardly ...

For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is W.W. Grainger (GWW) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.W.W. Grainger is a member of the Industrial Products sector. This group includes 222 individual stocks and currently holds a Zacks Sector Rank of #3. The Zac ...

Food distributor will extend its dividend growth streak to 55 years in the second half of April. Eli Unger This is the latest in my series of articles where I provide predictions of annual dividend increases for long-term dividend growth companies. At the end of March, I provided predictions for 10 dividend growth companies that have historically announced annual payout increases in the first half of April. In this article I’ll look at another 10 dividend growth companies that I expect will announce their ...

If you want to enjoy growing streams of dividend income, here are three stocks you should add to your portfolio.Dividends can be an investor's best friend. Not only do they represent a tangible return on your investment, but they also contribute a stream of passive income that can flow directly into your bank account. If you are an income investor, you should be looking for companies that have sturdy business models that generate copious amounts of free cash flow. Ideally, investors will not be expecting th ...

公司深度研究 数据来源：各公司官网和财报,东吴证券(香港) 企业较高的ROE 主要来自于较高的总资产周转率和权益乘数。MRO采购具备长尾特征, 根据 B2B 内参数据,约 60%金额的 MRO 采购是非重复性的,但却占了总采购 SKU 的 90%+;固安捷统计,超过 90%的 MRO 采购频次仅 1~2 次/年;震坤行统计,超过 50% 的 MRO Sku 库存周转市场超过 12 个月。横向策略资产周转率平均值较高，主要由于其 以标准化和易耗类 MRO 为基本盘,其中以清洁、防护、办公文具等 MRO 产品为例, 本身的周转较快,企业采购频次一般为半年或一个季度一次,有的企业甚至更为频繁。 图44: MRO 采购具长尾效应 與服 FER 数据来源: B2B 内参，东吴证券(香港) 图45: 重复性采购的标准化 MRO 金额占比约 40% 重复性采购MRO 金额占比, 40% 非重复性采购 MRO金额占比。 数据来源：B2B 内参，东吴证券（香港） | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------| ...