Every material Form 8-K W. W. Grainger filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Grainger reported third-quarter 2024 sales of $4.4 billion, up 4.3%, and diluted EPS of $9.87, up 4.7% from a year earlier. The company narrowed its 2024 guidance, setting adjusted diluted EPS at $38.65 to $39.35, compared with the prior range of $38.00 to $39.50 given as of August 1, 2024. Operating margin fell 30 basis points to 15.6%.
Q3 2024 net sales were $4,388 million, up 4.3%; daily, organic constant currency sales rose 4.0%
Q3 2024 operating margin was 15.6%, down 30 basis points from 15.9% in Q3 2023
Adjusted diluted EPS guidance for 2024 narrowed to $38.65 to $39.35 as of October 31, 2024
Q3 operating cash flow was $611 million and the company returned $328 million to shareholders through dividends and buybacks
W.W. Grainger announced on August 26, 2024 that Matthew E. Fortin, its Senior Vice President and Chief Human Resources Officer, is no longer with the company, effective August 23, 2024. The filing does not give a reason for the departure or name a successor, and it describes no financial effect.
Matthew E. Fortin, Senior Vice President and Chief Human Resources Officer, is no longer with the company.
The departure is effective August 23, 2024; the company announced it on August 26, 2024.
The filing does not state a reason for the departure or name a replacement.
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.
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.
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.
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.
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.
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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every W. W. Grainger filing is on SEC EDGAR ↗. 8-K briefs of other companies →