AI English summary of an SEC filing — figures as filed
W.W. Grainger GWWThe company said its net sales for the 3 months ended September 30, 2024 were $4,388 million, an increase of $180 million, or 4%, from the same period a year earlier. It said both the High-Touch Solutions N.A. and Endless Assortment segments contributed to sales growth.
Key points
AI summaryThe company said its net sales for the 3 months ended September 30, 2024 were $4,388 million, an increase of $180 million, or 4%, from the same period a year earlier. It said both the High-Touch Solutions N.A. and Endless Assortment segments contributed to sales growth.
The company said gross profit for the 3 months rose 4% to $1,720 million, while gross profit margin of 39.2% decreased 10 basis points. SG&A increased 5% to $1,034 million, and the company cited higher marketing and payroll and benefit expenses as the factors.
The company said operating earnings for the 3 months ended were $686 million, an increase of $19 million or 3% from the prior year. It also said diluted earnings per share were $9.87, up 5% from $9.43 in the prior-year period. The effective tax rate was 24.8%, compared with 24.4% in the prior-year period.
Grainger said net cash provided by operating activities for the 9 months ended September 30, 2024 was $1,683 million, up from $1,427 million in the prior-year period. The company cited changes in working capital, including lower accounts receivable driven by value added services, as factors behind the increase.
Key figures
Quarter ended September 30, 2024
- Revenue
- $4.4B
- Operating income
- $686M
- Net income
- $486M
- EPS
- $9.87
- Gross profit
- $1.7B
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.
Q3 2024 Net Sales $4,388 million
The company said its net sales for the 3 months ended September 30, 2024 were $4,388 million, an increase of $180 million, or 4%, from the same period a year earlier. It said both the High-Touch Solutions N.A. and Endless Assortment segments contributed to sales growth.
Source · Based on the MD&A text of the filing
Q3 Gross Profit $1,720 million, SG&A $1,034 million
The company said gross profit for the 3 months rose 4% to $1,720 million, while gross profit margin of 39.2% decreased 10 basis points. SG&A increased 5% to $1,034 million, and the company cited higher marketing and payroll and benefit expenses as the factors.
Source · Based on the MD&A text of the filing
Q3 Operating Earnings $686 million, Diluted EPS $9.87
The company said operating earnings for the 3 months ended were $686 million, an increase of $19 million or 3% from the prior year. It also said diluted earnings per share were $9.87, up 5% from $9.43 in the prior-year period. The effective tax rate was 24.8%, compared with 24.4% in the prior-year period.
Source · Based on the MD&A text of the filing
9-Month Operating Cash Flow $1,683 million
Grainger said net cash provided by operating activities for the 9 months ended September 30, 2024 was $1,683 million, up from $1,427 million in the prior-year period. The company cited changes in working capital, including lower accounts receivable driven by value added services, as factors behind the increase.
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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