W.W. Grainger's stock price surged 7.71% during pre-market trading on Thursday, following the release of its first-quarter financial results.
The industrial supplies distributor reported quarterly earnings of $11.65 per share, significantly surpassing the analyst consensus estimate of $10.18. Quarterly sales reached $4.742 billion, also beating the estimate of $4.576 billion. This represents an 18.15% increase in earnings and a 10.13% increase in sales compared to the same period last year.
Furthermore, the company raised its full-year outlook, expecting adjusted earnings per share in the range of $44.25 to $46.25, above the FactSet estimate of $43.62. It also forecast net sales between $19.2 billion and $19.6 billion for 2026, exceeding the consensus estimate of approximately $18.95 billion. The strong start to the year and continued business momentum were cited as reasons for the upgraded guidance.
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