Grainger Q3 sales rise 6.7% to $4.2 billion; diluted EPS $9.43, up 14.1%
W.W. Grainger reported third-quarter 2023 results with net sales of $4.2 billion, up 6.7%, and diluted EPS of $9.43, up 14.1% from a year earlier. The company also narrowed its full-year 2023 guidance, with diluted EPS now expected at $36.00 to $36.60, compared with the prior range of $35.00 to $36.75.
Key points
- Q3 2023 net sales were $4,208 million, up 6.7%, or 8.7% on a daily, constant currency basis
- Operating earnings were $667 million, up 10.7%, with operating margin of 15.9%, up 60 basis points
- Full-year 2023 diluted EPS guidance narrowed to $36.00 to $36.60 from $35.00 to $36.75; net sales guidance narrowed to $16.4 billion to $16.6 billion from $16.4 billion to $16.8 billion
- Q3 operating cash flow was $523 million; $287 million was returned to shareholders through dividends and share repurchases
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 26, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.