Grainger said it reported sales of $4.0 billion for Q4 2023, up 5.1%, and full-year sales of $16.5 billion, up 8.2%. Diluted EPS for Q4 was $7.89, and full-year diluted EPS was $36.23, on a reported basis.

1. 01

   Grainger said it reported sales of $4.0 billion for Q4 2023, up 5.1%, and full-year sales of $16.5 billion, up 8.2%. Diluted EPS for Q4 was $7.89, and full-year diluted EPS was $36.23, on a reported basis.

2. 02

   On an adjusted basis, which excludes the loss on the divestiture of E & R Industrial Sales, Inc. completed in Q4 2023, the company reported operating earnings of $583 million for Q4, up 11.5%, and an operating margin of 14.6%. It said the loss on the divestiture was $26 million pre-tax.

3. 03

   Grainger said it generated operating cash flow of $604 million in Q4 and free cash flow of $477 million after deducting capital expenditures of $127 million. Full-year operating cash flow was $2.0 billion, and full-year free cash flow was $1.6 billion.

4. 04

   Grainger said its outlook for 2024, on an adjusted basis, is net sales of $17.2 to $17.7 billion, an operating margin of 15.3% to 15.8%, and diluted EPS of $38.00 to $40.50. It said operating cash flow is expected to be $1.9 to $2.1 billion.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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