NYSE$GWW
WW Grainger Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Grainger's Q1 2024 performance showed strategic focus driving business forward.
Grainger reported a 3.5% increase in sales, reaching $4.2 billion, and a diluted EPS of $9.62, up 0.1% compared to Q1 2023. The company reaffirmed its full-year 2024 guidance ranges.
- Sales reached $4.2 billion, up 3.5% (4.9% on a daily, organic constant currency basis).
- Operating margin was 15.8%, a decrease of 80 basis points.
- Diluted EPS increased by $0.01 to $9.62.
- Operating cash flow was $661 million, with $360 million returned to shareholders through dividends and share repurchases.
Headline financials
Revenue & EPS history
Grainger · Revenue · Quarterly
$4.24B
Forward guidance
The company reaffirmed its full-year 2024 guidance ranges as previously announced on February 2, 2024.
Tailwinds
- Net Sales: $17.2 - $17.7 billion
- Sales Growth: 4.3% - 7.3%
- Daily, organic, constant currency sales growth: 4.0% - 7.0%
- Gross Profit Margin: 39.1% - 39.4%
- Operating Margin: 15.3% - 15.8%
Headwinds
- Diluted Earnings per Share: $38.00 - $40.50
- Operating Cash Flow: $1.9 - $2.1 billion
- CapEx (cash basis): $0.4 - $0.5 billion
- Share Buyback: $0.9 - $1.1 billion
- Effective Tax Rate: ~24.0%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.5%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+2.8%
Avg return
30 days after
55%
40 / 73 earnings
Positive
+24.8%
Q4 2017
Best reaction
-12.4%
Q1 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.0% | +6.9% | +11.2% | |
| Q4 2025 | +5.1% | +9.3% | +4.5% | |
| Q3 2025 | +1.0% | +0.6% | -0.8% | |
| Q2 2025 | -10.3% | -7.6% | -2.5% | |
| Q1 2025 | +2.8% | +1.7% | +6.2% | |
| Q4 2024 | -5.6% | -7.4% | -9.3% | |
| Q3 2024 | +0.5% | +2.1% | +9.6% | |
| Q2 2024 | -2.5% | -2.5% | +0.8% | |
| Q1 2024 | -3.0% | -3.9% | +0.8% | |
| Q4 2023 | +2.5% | +2.4% | +6.3% | |
| Q3 2023 | +4.3% | +7.7% | +19.9% | |
| Q2 2023 | -4.0% | -4.8% | -6.2% | |
| Q1 2023 | +5.4% | +4.4% | +0.7% | |
| Q4 2022 | +13.0% | +13.4% | +16.6% | |
| Q3 2022 | +8.7% | +8.6% | +12.4% | |
| Q2 2022 | +9.5% | +8.2% | +12.8% | |
| Q1 2022 | +0.9% | -2.4% | -1.1% | |
| Q4 2021 | -2.7% | -3.8% | -2.6% | |
| Q3 2021 | +8.6% | +10.1% | +13.6% | |
| Q2 2021 | -4.6% | -4.7% | -6.3% | |
| Q1 2021 | +3.3% | +7.1% | +7.5% | |
| Q4 2020 | -0.3% | +1.5% | +7.0% | |
| Q3 2020 | -3.3% | -4.2% | +9.6% | |
| Q2 2020 | +0.7% | -1.6% | +4.0% | |
| Q1 2020 | -2.4% | +3.6% | +6.1% | |
| Q4 2019 | -7.6% | -5.9% | -15.3% | |
| Q3 2019 | -1.2% | -0.9% | -0.1% | |
| Q2 2019 | +7.7% | +4.6% | -4.6% | |
| Q1 2019 | -4.9% | -5.3% | -15.9% | |
| Q4 2018 | -1.8% | -0.3% | +5.1% | |
| Q3 2018 | -12.2% | -13.1% | -3.7% | |
| Q2 2018 | +12.0% | +12.4% | +17.3% | |
| Q1 2018 | +1.3% | -1.8% | +8.1% | |
| Q4 2017 | +24.8% | +19.6% | +16.0% | |
| Q3 2017 | +14.5% | +14.0% | +8.9% | |
| Q2 2017 | -4.9% | -4.4% | -7.5% | |
| Q1 2017 | -12.4% | -12.5% | -22.3% | |
| Q4 2016 | +2.9% | +2.2% | +0.5% | |
| Q3 2016 | -4.5% | -5.0% | +2.6% | |
| Q2 2016 | -5.2% | -4.8% | +1.1% | |
| Q1 2016 | -2.0% | — | — | |
| Q4 2015 | -0.2% | — | — | |
| Q3 2015 | -8.9% | — | — | |
| Q2 2015 | +1.2% | — | — | |
| Q1 2015 | -1.0% | — | — | |
| Q4 2014 | -5.8% | — | — | |
| Q3 2014 | -3.0% | — | — | |
| Q2 2014 | -0.8% | — | — | |
| Q1 2014 | +0.6% | — | — | |
| Q4 2013 | -6.9% | — | — | |
| Q3 2013 | +2.5% | — | — | |
| Q2 2013 | +0.2% | — | — | |
| Q1 2013 | +5.5% | — | — | |
| Q4 2012 | +3.5% | — | — | |
| Q3 2012 | -3.1% | — | — | |
| Q2 2012 | +8.9% | — | — | |
| Q1 2012 | +0.5% | — | — | |
| Q4 2011 | -1.2% | — | — | |
| Q3 2011 | +2.5% | — | — | |
| Q2 2011 | -0.3% | — | — | |
| Q1 2011 | +0.9% | — | — | |
| Q4 2010 | +0.2% | — | — | |
| Q3 2010 | +2.1% | — | — | |
| Q2 2010 | +1.1% | — | — | |
| Q1 2009 | +1.9% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q4 2007 | -1.8% | — | — | |
| Q4 2009 | -1.8% | — | — | |
| Q3 2008 | +0.6% | — | — | |
| Q3 2009 | +0.6% | — | — | |
| Q4 2008 | +1.1% | — | — | |
| Q2 2008 | +1.1% | — | — | |
| Q2 2009 | +1.1% | — | — |
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