Recent Insider Transactions • May 21
Insider recently sold €1.5m worth of stock On the 12th of May, Paige Robbins sold around 1k shares on-market at roughly €1,051 per share. This transaction amounted to 8.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.6m more than they bought in the last 12 months. Annonce • May 10
W.W. Grainger, Inc. Updates Earnings Guidance for the Year 2026 W.W. Grainger, Inc. updated earnings guidance for the year 2026. For the period, the company expects Net Sales $19.2 billion - $19.6 billion compared to previous guidance $18.7 billion - $19.1 billion, Sales growth 6.7% - 9.1% compared to previous guidance 4.2% - 6.7%, Diluted Earnings per Share $44.25 - $46.25 compared to previous guidance $42.25 - $44.75. Annonce • May 01
W.W. Grainger, Inc. announces Quarterly dividend, payable on June 01, 2026 W.W. Grainger, Inc. announced Quarterly dividend of USD 2.4900 per share payable on June 01, 2026, ex-date on May 11, 2026 and record date on May 11, 2026. Annonce • Mar 11
W.W. Grainger, Inc., Annual General Meeting, Apr 29, 2026 W.W. Grainger, Inc., Annual General Meeting, Apr 29, 2026. Annonce • Feb 03
W.W. Grainger, Inc. Provides Earnings Guidance for 2026 W.W. Grainger, Inc. provided earnings guidance for 2026. For the period, the company expects Net Sales to be in the range of $18.7 billion to $19.1 billion. Annonce • Jan 31
Blumenthal Nordrehaug Bhowmik De Blouw LLP files Class Action Complaint Against W.W Grainger Inc The Los Angeles employment law attorneys, at Blumenthal Nordrehaug Bhowmik De Blouw LLP, filed a class action complaint alleging that W.W Grainger Inc. violations the California Labor Code. The W.W Grainger Inc.'s class action lawsuit, Case No. CVRI2506938, is currently pending in the Riverside County Superior Court of the State of California. According to California Labor Law, companies are required to pay employees for all time worked, meaning the time during which an employee is subject to the control of an employer, including all the time the employees are permitted or suffered to permit this work. Allegedly, Defendant required their employees to work off the clock without paying them for all the time they were under Defendant's control. To the extent that the time worked off the clock does not qualify for overtime premium payment, Defendant, allegedly, failed to pay minimum wages for the time worked off the clock in violation of Cal. Lab. Code SSSS 1194,1197, and 1197.1 California Labor Code SS 226 provides that every employer shall furnish each of his or her employees with an accurate itemized wage statement. According to the Complaint, Plaintiff was paid on an hourly basis. Therefore, Plaintiff's wage statements should reflect all applicable pay periods in which the wages were earned pursuant to Cal. Lab. Code section 226 (a). Allegedly, the wage statements Defendant provided to Plaintiff failed to identify such information. Annonce • Jan 29
W.W. Grainger, Inc. Approves Quarterly Cash Dividend, Payable on March 1, 2026 W.W. Grainger, Inc. on January 28, 2026 announced its board of directors has approved a quarterly cash dividend of $2.26 per share. The dividend is payable on March 1, 2026, to shareholders of record on February 9, 2026. Annonce • Oct 31
W.W. Grainger, Inc. Updates Earnings Guidance for the Full Year 2025 W.W. Grainger, Inc. updated earnings guidance for the full year 2025. for the year, the company expects Net Sales of $17.8 billion - $18.0 billion against $17.9 billion - $18.2 billion. Annonce • Oct 29
W.W. Grainger, Inc. Approves Quarterly Dividend, Payable on December 1, 2025 W.W. Grainger, Inc. announced its board of directors has approved a quarterly cash dividend of $2.26 per share. The dividend is payable on December 1, 2025, to shareholders of record on November 10, 2025. Annonce • Aug 01
W.W. Grainger, Inc. Revises Earnings Guidance for the Year 2025 W.W. Grainger, Inc. revised earnings guidance for the year 2025. For the year, the company expects net sales to be between $17.9 billion to $18.2 billion against previous guidance of between $17.6 billion to $18.1 billion. Sales growth to be between 4.4% to 5.9% against previous guidance of between 2.7% to 5.2%. Diluted earnings per share to be between $38.50 to $40.25 against previous guidance of between $39.00 to $41.50. Annonce • Jul 31
W.W. Grainger, Inc. Approves Quarterly Cash Dividend, Payable on September 1, 2025 W.W. Grainger, Inc. announced its board of directors has approved a quarterly cash dividend of $2.26 per share. The dividend is payable on September 1, 2025, to shareholders of record on August 11, 2025. Annonce • May 06
W.W. Grainger, Inc. Announces Board and Committee Changes On April 30, 2025, Stuart Levenick retired from the W.W. Grainger, Inc.'s Board of Directors upon the expiration of his term. Following the meeting, the Board appointed E. Scott Santi, an independent member of the Board, to serve as the Lead Director, effective immediately. Mr. Santi has served on the Board since 2010 and currently serves on the Audit Committee and Board Affairs and Nominating Committee. Mr. Santi was also appointed as Chair of the Board Affairs and Nominating Committee. Additionally, Rodney C. Adkins has moved to the Audit Committee to replace Mr. Levenick and Beatriz R. Perez has replaced Mr. Adkins as Chair of the Compensation Committee of the Board. Both Mr. Adkins and Ms. Perez are independent members of the Board and have served on the Board since 2014 and 2017, respectively. Annonce • May 01
W.W. Grainger, Inc. Reaffirms Earnings Guidance for the Full Year 2025 W.W. Grainger, Inc. reaffirmed earnings guidance for the full year 2025. for the year, the company expects Net Sales of $17.6 billion to $18.1 billion and Diluted Earnings per Share of $39.00 to $41.50. Annonce • Jan 31
W.W. Grainger, Inc. Provides Earnings Guidance for the Year 2025 W.W. Grainger, Inc. provided earnings guidance for the year 2025. For the year, the company expects net sales of $17.6 billion - $18.1 billion and diluted earnings per share of $39.00 - $41.50. Annonce • Jan 30
W.W. Grainger, Inc. Declares Quarterly Dividend, Payable on March 1, 2025 W.W. Grainger, Inc. announced that its board of directors approved a quarterly cash dividend of $2.05 per share. The dividend is payable on March 1, 2025, to shareholders of record on February 10, 2025. Declared Dividend • Nov 04
Third quarter dividend of US$2.05 announced Shareholders will receive a dividend of US$2.05. Ex-date: 8th November 2024 Payment date: 1st December 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$9.96 (vs US$9.54 in 3Q 2023) Third quarter 2024 results: EPS: US$9.96 (up from US$9.54 in 3Q 2023). Revenue: US$4.39b (up 4.3% from 3Q 2023). Net income: US$486.0m (up 2.1% from 3Q 2023). Profit margin: 11% (in line with 3Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Nov 01
W.W. Grainger, Inc. Updates Earnings Guidance for the Year 2024 W.W. Grainger, Inc. updated earnings guidance for the year 2024. For the period, company now expected net sales to be $17.1 billion to $17.3 billion against previous guidance range of $17.0 billion to $17.3 billion. Diluted Earnings per Share to be $38.65 - $39.35 against previous guidance range of $38.00 - $39.50. Annonce • Oct 31
W.W. Grainger, Inc. Declares Quarterly Cash Dividend, Payable on December 1, 2024 W.W. Grainger, Inc. announced that its board of directors approved a quarterly cash dividend of $2.05 per share. The dividend is payable on December 1, 2024, to shareholders of record on November 11, 2024. Annonce • Aug 06
W.W. Grainger, Inc. to Report Q4, 2024 Results on Dec 01, 2024 W.W. Grainger, Inc. announced that they will report Q4, 2024 results at 7:00 AM, Central Standard Time on Dec 01, 2024 Declared Dividend • Aug 05
Second quarter dividend of US$2.05 announced Shareholders will receive a dividend of US$2.05. Ex-date: 12th August 2024 Payment date: 1st September 2024 Dividend yield will be 0.9%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$9.59 (vs US$9.38 in 2Q 2023) Second quarter 2024 results: EPS: US$9.59 (up from US$9.38 in 2Q 2023). Revenue: US$4.31b (up 3.1% from 2Q 2023). Net income: US$470.0m (flat on 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Aug 01
W.W. Grainger, Inc. Updates Earnings Guidance for the Year 2024 W.W. Grainger, Inc. updated earnings guidance for the year 2024. For the year, the company expects net sales to be in the range of $17.0 billion to $17.3 billion and diluted Earnings per Share to be $38.00 to $39.50 compared to previous guidance of net sales to be in the range of $17.2 billion to $17.7 billion, Diluted Earnings per Share to be $38.00 to $40.50. Declared Dividend • Apr 29
First quarter dividend of US$2.05 announced Shareholders will receive a dividend of US$2.05. Ex-date: 10th May 2024 Payment date: 1st June 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Apr 26
W.W. Grainger, Inc. Reaffirms Earnings Guidance for the Year 2024 W.W. Grainger, Inc. reaffirmed earnings guidance for the year 2024. For the year, the company expects net sales to be in the range of $17.2billion to $17.7 billion, Diluted Earnings per Share to be $38.00 to $40.50. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$9.72 (vs US$9.72 in 1Q 2023) First quarter 2024 results: EPS: US$9.72 (down from US$9.72 in 1Q 2023). Revenue: US$4.24b (up 3.5% from 1Q 2023). Net income: US$478.0m (down 2.0% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Apr 24
W.W. Grainger, Inc. Increases Quarterly Dividend, Payable on June 1, 2024 W.W. Grainger, Inc. announced that its board of directors approved a quarterly cash dividend of $2.05 per share, an increase of 10% from the most recent company dividend. The dividend is payable on June 1, 2024, to shareholders of record on May 13, 2024. Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: US$36.65 (vs US$30.39 in FY 2022) Full year 2023 results: EPS: US$36.65 (up from US$30.39 in FY 2022). Revenue: US$16.5b (up 8.2% from FY 2022). Net income: US$1.83b (up 18% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 05
Fourth quarter dividend of US$1.86 announced Shareholders will receive a dividend of US$1.86. Ex-date: 9th February 2024 Payment date: 1st March 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 03
Full year 2023 earnings released: EPS: US$36.65 (vs US$30.39 in FY 2022) Full year 2023 results: EPS: US$36.65 (up from US$30.39 in FY 2022). Revenue: US$16.5b (up 8.2% from FY 2022). Net income: US$1.83b (up 18% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 02
W.W. Grainger, Inc. Provides Earnings Guidance for the Year 2024 W.W. Grainger, Inc. provided earnings guidance for the year 2024. For the year, the company expects net sales to be in the range of $17.2billion to $17.7 billion, Diluted Earnings per Share to be $38.00 to $40.50. Annonce • Feb 01
W.W. Grainger, Inc. Declares Quarterly Cash Dividend, Payable on March 1, 2024 W.W. Grainger, Inc. announced that its board of directors approved a quarterly cash dividend of $1.86 per share. The dividend is payable on March 1, 2024, to shareholders of record on February 12, 2024. Annonce • Dec 14
W.W. Grainger, Inc. Names Chris Klein to its Board of Directors W.W. Grainger, Inc. announced the appointment of Chris Klein to its Board of Directors, effective December 13, 2023. Until retiring in December 2020, Mr. Klein, age 60, most recently served as Executive Chairman and Chief Executive Officer for Fortune Brands Home and Security, a manufacturer of home and security consumer products and spinoff of Fortune Brands, Inc. His broad background includes corporate strategy development, mergers and acquisitions, and capital allocation, as well as consumer branding, marketing and distribution. Prior to joining Fortune Brands, Inc., Klein held key strategy and leadership positions at Bank One Corporation and spent eight years at McKinsey & Company as a partner in the Financial Institutions Group. He also was a Managing Director for Internet Capital Group where he helped develop early-stage technology companies across North America and Europe. Mr. Klein holds a Bachelor of Business Administration in Finance from the University of Iowa and a Master of Business Administration from Northwestern University. With this appointment, Grainger now has 13 members on its Board of Directors. Annonce • Dec 13
Paradigm Equity Partners acquired E&R Industrial Sales, Inc. from W.W. Grainger, Inc. (NYSE:GWW). Paradigm Equity Partners acquired E&R Industrial Sales, Inc. from W.W. Grainger, Inc. (NYSE:GWW) on December 12, 2023.Paradigm Equity Partners completed the acquisition of E&R Industrial Sales, Inc. from W.W. Grainger, Inc. (NYSE:GWW) on December 12, 2023. Upcoming Dividend • Nov 03
Upcoming dividend of US$1.86 per share at 1.0% yield Eligible shareholders must have bought the stock before 10 November 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.0%). Annonce • Oct 28
W.W. Grainger, Inc. Updates Earnings Guidance for the Year 2023 W.W. Grainger, Inc. updated earnings guidance for the year 2023. For the period, the company expects net Sales in the range of $16.4 billion - $16.6 billion against previous guidance in the range of $16.4 billion - $16.8 billion and diluted earnings per share in the range of $36.00 - $36.60 against previous guidance in the range of $35.00 - $36.75. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$9.54 (vs US$8.39 in 3Q 2022) Third quarter 2023 results: EPS: US$9.54 (up from US$8.39 in 3Q 2022). Revenue: US$4.21b (up 6.7% from 3Q 2022). Net income: US$476.0m (up 12% from 3Q 2022). Profit margin: 11% (in line with 3Q 2022). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 04
Upcoming dividend of US$1.86 per share at 1.0% yield Eligible shareholders must have bought the stock before 11 August 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.0%). Annonce • Jul 30
W.W. Grainger, Inc. to Report Q4, 2023 Results on Feb 29, 2024 W.W. Grainger, Inc. announced that they will report Q4, 2023 results at 7:00 AM, Central Standard Time on Feb 29, 2024 Annonce • Jul 28
W.W. Grainger, Inc. Updates Earnings Guidance for the Year 2023 W.W. Grainger, Inc. updated earnings guidance for the year 2023. For the period, the company expects Net Sales Previous 2023 Guidance Range $16.2 - $16.8 billion Updated 2023 Guidance Range $16.4 - $16.8 billion. Diluted Earnings per Share Previous 2023 Guidance Range $34.25 - $36.75 Updated 2023 Guidance Range $35.00 - $36.75. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$9.38 (vs US$7.28 in 2Q 2022) Second quarter 2023 results: EPS: US$9.38 (up from US$7.28 in 2Q 2022). Revenue: US$4.18b (up 9.0% from 2Q 2022). Net income: US$470.0m (up 27% from 2Q 2022). Profit margin: 11% (up from 9.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 34% per year. Annonce • Jul 27
W.W. Grainger, Inc. Names George Davis to Its Board of Directors W.W. Grainger, Inc. announced George Davis has been appointed to its Board of Directors, effective July 26, 2023. Mr. Davis, age 65, mostly recently served as the Executive Vice President and Chief Financial Officer for Intel Corporation, until January 2022 and supported his successor's transition until his retirement in May 2022. In this role, he supported the CEO to redefine Intel's strategic direction and expand its competitive advantage in a dynamic and evolving industry. Prior to that, Mr. Davis was the Executive Vice President and Chief Financial Officer for wireless technology provider Qualcomm. Before joining Qualcomm, he spent 13 years with Applied Materials, a global materials provider, where he held roles of increasing responsibility, eventually being named Executive Vice President and Chief Financial Officer. Mr. Davis holds a Bachelor of Arts in Economics and Political Science from Claremont McKenna College and a Master of Business Administration from the University of California, Los Angeles. With this appointment, Grainger now has 12 members on its Board of Directors. Recent Insider Transactions • May 06
Insider recently sold €296k worth of stock On the 2nd of May, Laurie Thomson sold around 476 shares on-market at roughly €622 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €325k more than they bought in the last 12 months. Reported Earnings • Apr 30
First quarter 2023 earnings released: EPS: US$9.72 (vs US$7.16 in 1Q 2022) First quarter 2023 results: EPS: US$9.72 (up from US$7.16 in 1Q 2022). Revenue: US$4.09b (up 12% from 1Q 2022). Net income: US$488.0m (up 33% from 1Q 2022). Profit margin: 12% (up from 10.0% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 35% per year. Annonce • Feb 17
Michael J. Roberts Not to Stand for Re-Election for W.W. Grainger, Inc W.W. Grainger, Inc. announced that After 17 years of service, Michael J. Roberts will not stand for re-election in accordance with the Company’s Criteria for Membership on the Board of Directors, which provide that an outside director generally will not be nominated after the age of 72. Mr. Roberts has been a Board member since 2006 and served as a member of the Board Affairs and Nominating Committee, as well as the Compensation Committee. Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: US$30.39 (vs US$20.10 in FY 2021) Full year 2022 results: EPS: US$30.39 (up from US$20.10 in FY 2021). Revenue: US$15.2b (up 17% from FY 2021). Net income: US$1.55b (up 48% from FY 2021). Profit margin: 10% (up from 8.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 31% per year. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €614, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 13x in the Trade Distributors industry in Europe. Total returns to shareholders of 133% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €434 per share. Annonce • Feb 03
W.W. Grainger, Inc. Provides Earnings Guidance for the Year 2023 W.W. Grainger, Inc. provided earnings guidance for the year 2023. For the year, the company expects net sales to be in the range of $16.2 billion to $16.8 billion, Diluted Earnings per Share to be $32.00 to $34.50. Upcoming Dividend • Feb 03
Upcoming dividend of US$1.72 per share at 1.0% yield Eligible shareholders must have bought the stock before 10 February 2023. Payment date: 01 March 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.7%). Annonce • Jan 06
W.W. Grainger, Inc. to Report Q1, 2023 Results on Apr 27, 2023 W.W. Grainger, Inc. announced that they will report Q1, 2023 results at 7:00 AM, Central Standard Time on Apr 27, 2023 Upcoming Dividend • Nov 03
Upcoming dividend of US$1.72 per share Eligible shareholders must have bought the stock before 10 November 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (2.9%). Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: US$8.39 (vs US$5.73 in 3Q 2021) Third quarter 2022 results: EPS: US$8.39 (up from US$5.73 in 3Q 2021). Revenue: US$3.94b (up 17% from 3Q 2021). Net income: US$426.0m (up 43% from 3Q 2021). Profit margin: 11% (up from 8.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 25% per year. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: US$7.28 (vs US$4.31 in 2Q 2021) Second quarter 2022 results: EPS: US$7.28 (up from US$4.31 in 2Q 2021). Revenue: US$3.84b (up 20% from 2Q 2021). Net income: US$371.0m (up 65% from 2Q 2021). Profit margin: 9.7% (up from 7.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.4%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • May 08
Insider recently sold €107k worth of stock On the 4th of May, Laurie Thomson sold around 225 shares on-market at roughly €474 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: US$7.16 (vs US$4.55 in 1Q 2021) First quarter 2022 results: EPS: US$7.16 (up from US$4.55 in 1Q 2021). Revenue: US$3.65b (up 18% from 1Q 2021). Net income: US$366.0m (up 54% from 1Q 2021). Profit margin: 10.0% (up from 7.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.8%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 25
W.W. Grainger, Inc. to Report Q4, 2022 Results on Feb 02, 2023 W.W. Grainger, Inc. announced that they will report Q4, 2022 results at 7:00 AM, Central Standard Time on Feb 02, 2023 Reported Earnings • Feb 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$20.10 (up from US$12.99 in FY 2020). Revenue: US$13.0b (up 10% from FY 2020). Net income: US$1.04b (up 50% from FY 2020). Profit margin: 8.0% (up from 5.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 9.7%, compared to a 8.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 04
Upcoming dividend of US$1.62 per share Eligible shareholders must have bought the stock before 11 February 2022. Payment date: 01 March 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (1.8%). Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS US$5.73 (vs US$4.48 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$3.37b (up 12% from 3Q 2020). Net income: US$297.0m (up 24% from 3Q 2020). Profit margin: 8.8% (up from 8.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS US$4.31 (vs US$2.13 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$3.21b (up 13% from 2Q 2020). Net income: US$225.0m (up 97% from 2Q 2020). Profit margin: 7.0% (up from 4.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Recent Insider Transactions • May 08
Insider recently sold €240k worth of stock On the 5th of May, Laurie Thomson sold around 628 shares on-market at roughly €383 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €26m more than they bought in the last 12 months. Reported Earnings • May 04
First quarter 2021 earnings released: EPS US$4.55 (vs US$3.23 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$3.08b (up 2.8% from 1Q 2020). Net income: US$238.0m (up 38% from 1Q 2020). Profit margin: 7.7% (up from 5.8% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.