LAKE FOREST, Ill. (AP) — LAKE FOREST, Ill. (AP) — W.W. Grainger Inc. (GWW) on Thursday reported first-quarter earnings of $555 million.
On a per-share basis, the Lake Forest, Illinois-based company said it had net income of $11.65.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $10.20 per share.
The seller of maintenance and other supplies posted revenue of $4.74 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $4.57 billion.
W.W. Grainger expects full-year earnings in the range of $44.25 to $46.25 per share, with revenue in the range of $19.2 billion to $19.6 billion.
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, source Associated Press News
W.W Grainger, Inc. specializes in professional distribution of industrial supplies and equipment. The group supplies businesses and institutions with maintenance equipment, industrial safety supplies, service and maintenance parts, lighting products, ventilation equipment, pumps and plumbing products, etc. Net sales break down by activity as follows:
- value-added distribution of maintenance, repair and operating equipment (79,9%): business conducted in North America for medium and large companies and customers with complex supply chain management needs;
- online distribution (20,1%): distribution of a wide range of products to small and medium-sized businesses, as well as to private individuals. This activity is carried out mainly in the United States and Japan.
At the end of 2024, products are marketed through a network of 328 branches (of which 245 in the United States, 33 in the United Kingdom, 32 in Canada, 15 in Mexico and 3 in Puerto Rico), 35 distribution centers (of which 21 in the United States, 5 in Canada, 4 in Japan, 2 in Mexico, 1 in the United Kingdom and 1 in Puerto Rico) through catalogues and the Internet.
Net sales are distributed geographically as follows: the United States (81.2%), Japan (11), Canada (3.9%) and other (3.9%).
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