W.W. Grainger, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 02, 2024 at 08:00 am EST
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W.W. Grainger, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 3,997 million compared to USD 3,802 million a year ago. Net income was USD 395 million compared to USD 384 million a year ago. Basic earnings per share from continuing operations was USD 7.93 compared to USD 7.58 a year ago. Diluted earnings per share from continuing operations was USD 7.89 compared to USD 7.54 a year ago.
For the full year, sales was USD 16,478 million compared to USD 15,228 million a year ago. Net income was USD 1,829 million compared to USD 1,547 million a year ago. Basic earnings per share from continuing operations was USD 36.39 compared to USD 30.22 a year ago. Diluted earnings per share from continuing operations was USD 36.23 compared to USD 30.06 a year ago.
W.W Grainger, Inc. specializes in professional distribution of industrial supplies and equipment. The group supplies businesses and institutions with maintenance equipment, industrial safety supplies, service and maintenance parts, lighting products, ventilation equipment, pumps and plumbing products, etc.
At the end of 2020, products are marketed through a network of 407 branches (of which 287 in the United States and 49 in Canada), 29 distribution centers (of which 17 in the United States and 5 in Canada), through catalogues and the Internet.
Net sales are distributed geographically as follows: the United States (72.6%), Canada (4%) and other (23.4%).
W.W. GRAINGER, INC. 
