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AI brief of an SEC Form 8-K · W. W. Grainger (GWW)

Grainger Q4 sales rise 5.1% to $4.0 billion; reported EPS up 4.7% to $7.89

Positive Impact 3 of 5 earnings Written later

Grainger reported fourth-quarter 2023 sales of $4.0 billion, up 5.1%, and reported diluted EPS of $7.89, up 4.7%. Excluding a loss on the divestiture of E & R Industrial Sales, adjusted diluted EPS was $8.33, up 16.7%. The company also issued 2024 guidance, including net sales of $17.2 billion to $17.7 billion and diluted EPS of $38.00 to $40.50.

Key points

  • Q4 2023 reported operating margin was 13.9%, down 40 basis points; adjusted operating margin was 14.6%, up 80 basis points
  • Full-year 2023 sales were $16.5 billion, up 8.2%, and reported diluted EPS was $36.23, up 20.5%
  • 2024 guidance projects net sales of $17.2 billion to $17.7 billion and diluted EPS of $38.00 to $40.50 on an adjusted basis
  • Q4 2023 free cash flow was $477 million; the company returned $437 million to shareholders through dividends and buybacks in the quarter

The filing

CompanyW. W. Grainger (GWW)
Form8-K, current report
Filed with the SECFeb 2, 2024, 8:24 AM ET
Accession number0000277135-24-000003

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 February 02, 2024.

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.