Grainger said net sales for the quarter ended June 30, 2024 rose $4,312 million to $130 million, or 3%, and that on a daily, organic constant currency basis they grew 5%.

1. 01

   Grainger said net sales for the quarter ended June 30, 2024 rose $4,312 million to $130 million, or 3%, and that on a daily, organic constant currency basis they grew 5%.

2. 02

   The company said operating earnings for Q2 2024 fell $649 million to $12 million, or 2%, and that adjusted operating earnings rose $665 million to $4 million, or 1%.

3. 03

   Grainger said net sales for Endless Assortment in Q2 rose 3% to $776 million and grew 12% on a daily constant currency basis, and that unfavorable currency exchange of 9% reflected changes in the exchange rate between the U.S. dollar and the Japanese yen.

4. 04

   Grainger said net cash provided by operating activities for the 6 months ended June 30, 2024 was $1,072 million, up from $904 million in the prior-year period. It cited favorable changes in working capital and inventory management, along with supply chain efficiencies, as the drivers of the increase.

Key figures

Quarter ended June 30, 2024

Revenue

$4.3B

Operating income

$649M

Net income

$470M

EPS

$9.51

Gross profit

$1.7B

Analysis 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.

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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