Grainger Q1 sales rise 3.5% to $4.2 billion; EPS $9.62; FY 2024 guidance reaffirmed
W.W. Grainger reported first-quarter 2024 sales of $4.2 billion, up 3.5%, and diluted EPS of $9.62, up 0.1%. Operating earnings fell 1.6% to $669 million and operating margin declined 80 basis points to 15.8%. The company reaffirmed its full-year 2024 guidance ranges and announced a 10% dividend increase.
Key points
- Net sales were $4,235 million, up 3.5% from $4,091 million in Q1 2023; daily, organic constant currency sales rose 4.9%.
- Operating earnings were $669 million, down 1.6%; net earnings attributable to Grainger were $478 million, down 2.0%.
- Operating cash flow was $661 million and free cash flow was $542 million; $360 million was returned to shareholders through dividends and share repurchases.
- FY 2024 guidance reaffirmed, including net sales of $17.2 - $17.7 billion and diluted EPS of $38.00 - $40.50; dividend raised 10% and repurchase authorization refreshed for up to 5 million shares.
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 April 25, 2024.
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