W.W. Grainger 1Q EPS Tops Views; '24 Growth Targets Reiterated

Dow Jones04-25

By Rob Curran

W.W. Grainger logged first-quarter earnings ahead of Wall Street expectations as it benefited from expanding manufacturing and construction activity.

The Chicago distributor of industrial supplies and maintenance services posted earnings of $478 million, or $9.62 a share, down from $488 million, or $9.61 a share, a year earlier, but ahead of the average Wall Street target of $9.59 a share.

Sales rose to 3.5% to $4.24 billion, just shy of the average Wall Street target of $4.26 billion

Grainger, which was founded as an electric-motor wholesaler in 1927, reiterated its forecast for 2024 earnings in a range between $38 and $40.50 a share on sales of $17.2 billion to $17.7 billion.

Write to Rob Curran at rob.curran@wsj.com

(END) Dow Jones Newswires

April 25, 2024 08:19 ET (12:19 GMT)

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Grainger logged first-quarter earnings ahead of Wall Street expectations as it benefited from expanding manufacturing and construction activity. \n\n\n  The Chicago ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2430940248","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430940248","pubTimestamp":1714047540,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"W.W. 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