W.W. Grainger Inc (GWW) Q1 2024 Earnings Call Transcript Highlights: Key Financial Metrics and ...

GuruFocus.com04-26

Total Company Sales Growth: Up 3.5% overall, 4.9% on a daily organic constant currency basis. Operating Margin: Decreased to 15.8%, down 80 basis points from the previous year. Earnings Per Share (EPS...

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Grainger Inc (GWW) Q1 2024 Earnings Call Transcript Highlights: Key Financial Metrics and ...","media":"GuruFocus.com","content":"<div>\n<p>Total Company Sales Growth: Up 3.5% overall, 4.9% on a daily organic constant currency basis.\nOperating Margin: Decreased to 15.8%, down 80 basis points from the previous year.\nEarnings Per Share (EPS...</p>\n\n<a href=\"https://finance.yahoo.com/news/w-w-grainger-inc-gww-072614477.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>W.W. 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Grainger Inc (GWW) Q1 2024 Earnings Call Transcript Highlights: Key Financial Metrics and ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 15:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/w-w-grainger-inc-gww-072614477.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Total Company Sales Growth: Up 3.5% overall, 4.9% on a daily organic constant currency basis.\nOperating Margin: Decreased to 15.8%, down 80 basis points from the previous year.\nEarnings Per Share (EPS...</p>\n\n<a href=\"https://finance.yahoo.com/news/w-w-grainger-inc-gww-072614477.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GWW","symbol_name":"美国固安捷","start_time":0,"source_url":"https://finance.yahoo.com/news/w-w-grainger-inc-gww-072614477.html","article_id":"2430335245","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430335245","pubTimestamp":1714116374,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Total Company Sales Growth: Up 3.5% overall, 4.9% on a daily organic constant currency basis.Operating Margin: Decreased to 15.8%, down 80 basis points from the previous year.Earnings Per Share : Approximately flat year-over-year at $9.62.Return on Invested Capital : Remained strong at 42.9%.Dividends and Share Repurchases: $360 million returned to shareholders; 10% increase in quarterly dividend; refreshed repurchase authorization for up to 5 million shares.High-Touch Solutions Segment Sales: Up 3.4% reported, 3.8% on a daily organic constant currency basis.Endless Assortment Segment Sales: Increased 3.7%, 10% on a daily constant currency basis.Guidance for Full Year 2024: Reiterated, with expected daily organic constant currency sales growth between 4% and 7%, and EPS ranging from $38 to $40.50.GuruFocus has detected 6 Warning Sign with IBCP.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GWW":"美国固安捷"},"translate_title":"W.W固安捷公司（GWW）Q1 2024年收益看涨期权记录亮点：关键财务指标和...","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GWW":1},"content_text":"Total Company Sales Growth: Up 3.5% overall, 4.9% on a daily organic constant currency basis.\nOperating Margin: Decreased to 15.8%, down 80 basis points from the previous year.\nEarnings Per Share (EPS): Approximately flat year-over-year at $9.62.\nReturn on Invested Capital (ROIC): Remained strong at 42.9%.\nOperating Cash Flow: Reached record levels.\nDividends and Share Repurchases: $360 million returned to shareholders; 10% increase in quarterly dividend; refreshed repurchase authorization for up to 5 million shares.\nHigh-Touch Solutions Segment Sales: Up 3.4% reported, 3.8% on a daily organic constant currency basis.\nEndless Assortment Segment Sales: Increased 3.7%, 10% on a daily constant currency basis.\nGuidance for Full Year 2024: Reiterated, with expected daily organic constant currency sales growth between 4% and 7%, and EPS ranging from $38 to $40.50.\n\n\nWarning! GuruFocus has detected 6 Warning Sign with IBCP.\n\nRelease Date: April 25, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Q & A Highlights \nQ: Can you update us on the pricing actions mentioned earlier, specifically the expected price range in High-Touch this year and any gross margin implications? A: (Donald G. Macpherson - Chairman & CEO) Inflation has been stickier than expected, leading to a revised inflation expectation from 0% to 1% to now 1% to 2%. We are a bit late in adjusting prices this year, so corrective actions are being taken with a new pricing cycle starting May 1. Despite these challenges, our volume growth remains strong.\nQ: Any updates on the Endless Assortment segment, particularly the B2C portion, and expectations for its performance improvement? A: (Donald G. Macpherson - Chairman & CEO) No changes to the current guidance of 7% to 10% constant currency growth. B2C and B2C-light customer segments are expected to continue facing headwinds through the second quarter but should improve as the year progresses.\nQ: How does the depreciation of the yen impact MonotaRO's margins, considering a significant portion of their COGS is in yen? A: (Deidra Cheeks Merriwether - CFO & Senior VP) Most of MonotaRO's COGS are in yen, with a smaller portion in U.S. dollars. They've managed to pass on inflation through price adjustments effectively. The $0.13 EPS impact from the yen depreciation covers both transactional and translational effects.\nQ: Could you provide more details on the investments being made in marketing and other growth engines? A: (Donald G. Macpherson - Chairman & CEO) Investments are planned and consistent, focusing on supply chain enhancements, technology, and marketing across various channels. These investments are evaluated regularly for returns and are part of our normal expenditure.\nQ: What are the dynamics in the utility and commercial services verticals, especially with utilities experiencing a downturn? A: (Donald G. Macpherson - Chairman & CEO) The downturn in utilities is largely due to issues with a single customer rather than a sector-wide trend. Our exposure to utilities isn't extensive enough to significantly impact overall sector performance.\nQ: How are you managing SG&A expenses, especially with the potential need to adjust investment spending based on growth outcomes? A: (Donald G. Macpherson - Chairman & CEO) We focus on productivity improvements across the business and maintain investments in demand-generating activities regardless of economic conditions, aiming to drive long-term growth and maintain market competitiveness.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430335245"}