Grainger Q2 sales rise 3.1% to $4.3 billion; EPS up, 2024 EPS outlook top end cut
Grainger reported second-quarter 2024 net sales of $4.3 billion, up 3.1%, and reported diluted EPS of $9.51, up 2.5%. The company narrowed its 2024 outlook, lowering the top of its net sales range to $17.0 to $17.3 billion from $17.2 to $17.7 billion and the top of its adjusted diluted EPS range to $39.50 from $40.50.
Key points
- Q2 2024 reported operating margin was 15.1%, down 70 basis points; adjusted diluted EPS was $9.76, up 5.2%.
- Updated 2024 adjusted diluted EPS guidance is $38.00 to $39.50, versus the prior $38.00 to $40.50.
- Updated 2024 net sales guidance is $17.0 to $17.3 billion, versus the prior $17.2 to $17.7 billion.
- Q2 operating cash flow was $411 million; the company returned $345 million to shareholders through dividends and share repurchases.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits 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 August 01, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.