- Net Sales: Achieved $4.31 billion, a 3.1% increase from last year; slightly below the estimated $4.35 billion.
- Gross Profit Margin: Maintained at 39.3%, matching last year’s figure and exceeding the estimate of 39.1%.
- Operating Margin: Declined to 15.1% from 15.8% last year; also below the estimate of 15.3%.
- Operating Earnings: Decreased by 1.8% year-over-year to $649 million, below the estimate of $666 million.
- Daily Sales: Increased by 3.1%, but missed the 4.11% estimate.
- Daily Constant Currency Sales: Gained by 5.1%, exceeding the estimate of 4.77%.
- EPS (Earnings Per Share): Rose to $9.51 from $9.28 last year; adjusted EPS was $9.76, above the estimate of $9.59.
- 2024 Forecast:
- EPS: Projected range of $38.00 to $39.50, refined from $38 to $40.50; estimate $39.10.
- Net Sales: Expected between $17.0 billion to $17.3 billion, adjusted from $17.2 billion to $17.7 billion; estimate $17.35 billion.
- Gross Profit Margin: Anticipated between 39.2% to 39.4%, slightly adjusted from 39.1% to 39.4%; estimate 39.2%.
- Operating Margin: Forecasted between 15.3% to 15.7%, narrowed from 15.3% to 15.8%; estimate 15.6%.
- Operating Cash Flow: Predicted between $1.95 billion to $2.15 billion, refined from $1.9 billion to $2.1 billion.
- Capital Expenditure: Projected between $400 million to $475 million, adjusted from $400 million to $500 million; estimate $463.5 million.
- Share Buyback: Expected in the range of $1.0 billion to $1.2 billion; refined from $900 million to $1.1 billion.
- Comments: Grainger narrowed its 2024 earnings outlook, including most Company guidance ranges.
- Adjusted EPS Forecast: $38.00 to $39.50, estimate $39.10.
- Sales Growth: Daily, organic constant currency sales growth expected between 4.0% to 6.0%.
- Market Consensus: 3 buy ratings, 11 hold ratings, and 3 sell ratings.
Ww Grainger Inc on Smartkarma
Analysts on Smartkarma, like Baptista Research, are bullish on W.W. Grainger Inc., providing valuable insights into the company’s performance and strategic moves. In a recent report titled “W.W. Grainger Inc.: These Are 6 Fundamental Elements Impacting Its Future Performance! – Financial Forecasts,” Baptista Research highlighted the positive start of 2024 for W.W. Grainger, with Q1 sales showing a 3.5% increase. The report also mentioned the success of the Grainger Show in Orlando, where the company engaged with customers, suppliers, and team members to showcase its offerings and solve customer problems, resulting in positive feedback.
In another report by Baptista Research titled “W.W. Grainger: Adapting to E-commerce: Strategic Shifts in Distribution and Pricing! – Major Drivers,” analysts commended W.W. Grainger for its strong fourth quarter and full-year performance in 2023, achieving record sales and earnings. The report attributed this success to the company’s strategic focus on delivering exceptional customer experience and service, supported by significant investments in technology and supply chain enhancements, especially in its digital transformation under the High-Touch Solutions model. Such positive analyst coverage sheds light on W.W. Grainger’s adaptability and growth potential in the competitive market.
A look at Ww Grainger Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
W.W. Grainger Inc, a distributor of maintenance and operating supplies in North America, is looking at a promising long-term outlook as per the Smartkarma Smart Scores. With a growth score of 4, the company is well-positioned for future expansion and development. Additionally, scoring a resilience of 3 indicates a solid ability to withstand economic uncertainties and market challenges, providing a sense of stability for investors.
While the company’s value and dividend scores come in at 2, the momentum score of 3 suggests a positive upward trend in performance. Overall, W.W. Grainger Inc seems to have a bright future ahead with its strong growth potential and resilience in the face of market fluctuations, making it an interesting prospect for investors seeking long-term growth opportunities.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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