Grainger – Grainger Reports Results for the Fourth Quarter and Full Year 2023

February 2, 2024
Grainger

  • Focused execution delivers solid quarter and record full year earnings;
  • Company issues 2024 guidance, including 4% to 7% sales growth

 

Fourth Quarter 2023 Highlights

  • Delivered sales of $4.0 billion, up 5.1%, or 5.5% on a daily, organic constant currency basis
  • Achieved reported operating margin of 13.9%, down 40 basis points, or 14.6% on an adjusted basis, up 80 basis points
  • Increased diluted EPS by 4.7% to $7.89 on a reported basis, or by 16.7% to $8.33 on an adjusted basis
  • …