AI English summary of an SEC filing — figures as filed
W.W. Grainger GWWThe company said net sales for the quarter ended March 31, 2024 rose $4,235 million, or $144 million (4%), and operating earnings fell $669 million, or $11 million (2%). It said the increase in gross profit was more than offset by higher SG&A.
Key points
AI summaryThe company said net sales for the quarter ended March 31, 2024 rose $4,235 million, or $144 million (4%), and operating earnings fell $669 million, or $11 million (2%). It said the increase in gross profit was more than offset by higher SG&A.
High-Touch Solutions N.A. net sales for the quarter rose 3% to $3,405 million, the company said, citing volume as the main driver. Gross profit margin fell 60 basis points to 41.8%, and the company cited negative price cost spread as the factor.
Endless Assortment net sales rose 4% to $751 million, and on a daily constant currency basis they rose 10%, the company said. It said unfavorable currency exchange, reflecting changes in the exchange rate between the U.S. dollar and the Japanese yen, was 6%.
Net cash provided by operating activities for the quarter ended March 31, 2024 rose to $661 million from $454 million a year earlier, the company said. It said it had cash and cash equivalents of $804 million as of March 31, 2024 and approximately $2.1 billion in available liquidity.
Key figures
Quarter ended March 31, 2024
- Revenue
- $4.2B
- Operating income
- $669M
- Net income
- $478M
- EPS
- $9.62
- Gross profit
- $1.7B
- Operating cash flow
- $661M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Q1 2024 Net Sales and Operating Earnings
The company said net sales for the quarter ended March 31, 2024 rose $4,235 million, or $144 million (4%), and operating earnings fell $669 million, or $11 million (2%). It said the increase in gross profit was more than offset by higher SG&A.
Source · Based on the MD&A text of the filing
High-Touch Solutions N.A. Net Sales and Gross Profit Margin
High-Touch Solutions N.A. net sales for the quarter rose 3% to $3,405 million, the company said, citing volume as the main driver. Gross profit margin fell 60 basis points to 41.8%, and the company cited negative price cost spread as the factor.
Source · Based on the MD&A text of the filing
Endless Assortment Net Sales and Currency Impact
Endless Assortment net sales rose 4% to $751 million, and on a daily constant currency basis they rose 10%, the company said. It said unfavorable currency exchange, reflecting changes in the exchange rate between the U.S. dollar and the Japanese yen, was 6%.
Source · Based on the MD&A text of the filing
Operating Cash Flow and Liquidity
Net cash provided by operating activities for the quarter ended March 31, 2024 rose to $661 million from $454 million a year earlier, the company said. It said it had cash and cash equivalents of $804 million as of March 31, 2024 and approximately $2.1 billion in available liquidity.
Source · Based on the MD&A text of the filing
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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