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W.W. Grainger Inc GWW Stock Quote

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NYSE:GWW

Morningstar‘s Stock Analysis GWW

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Grainger Raises 2022 Guidance Following Strong Third-Quarter Results

Dawit Woldemariam Equity Analyst

Analyst Note

| Dawit Woldemariam |

We raised our fair value estimate slightly to $444 from $441 previously, after tweaking our near-term sales and margin expectations for Grainger. The company posted another strong quarter, growing sales to $3.9 billion, which was up 16.9% year on year. Both of Grainger’s segments posted solid growth, with high-touch solutions increasing 19.4% year on year, while endless assortment rose 8.6% year on year. The company’s results showed demand across its end markets remains solid, despite increasing uncertainty around global economic growth. This theme was also present across the other large industrial distributors that have reported this earnings cycle. Consumer-related markets are starting to slow, but industrial and manufacturing end markets are still performing quite well.

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Key Statistics GWW

Company Profile GWW

Business Description

W.W. Grainger distributes 1.5 million maintenance, repair, and operating products that are sourced from over 4,500 suppliers. The company serves about 5 million customers through its online and electronic purchasing platforms, vending machines, catalog distribution, and network of over 300 global branches. In recent years, Grainger has invested in its e-commerce capabilities and is the 11th-largest e-retailer in North America.

Contact
100 Grainger Parkway
Lake Forest, IL, 60045-5201
T +1 847 535-1000
Industry Industrial Distribution
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 24,200

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