W.W. Grainger GAAP EPS of $9.62 beats by $0.04, revenue of $4.24B misses by $20M

• W.W. Grainger press release (NYSE:GWW): Q1 GAAP EPS of $9.62 beats by $0.04.
• Revenue of $4.24B (+3.7% Y/Y) misses by $20M.
• 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
• Announced dividend increase of 10%
• Refreshed repurchase authorization for up to 5 million shares of common stock
• 2024 Outlook: Net Sales $17.2 - $17.7 billion; Operating Margin 15.3% - 15.8%; Diluted Earnings per Share $38.00 - $40.50.

More on W.W. Grainger

• W.W. Grainger Made Strategic Finetuning But Valuation Stretches (Rating Downgrade)
• W.W. Grainger: Seriously Overvalued Here
• W.W. Grainger, Inc. 2023 Q4 - Results - Earnings Call Presentation
• W.W. Grainger Q1 2024 Earnings Preview
• W.W. Grainger downgraded at Loop Capital on valuation