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Latest In Grainger
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The industrial distributor reported 2022 first-quarter sales of $3.6 billion and operating earnings of $534 million.
The company announced it was named one of Fortune’s ‘100 Best Companies to Work For in 2022.’
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The venerable company gathered customers in person to discuss state of the industry while showcasing the latest product innovations.
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The company’s 2021 fourth-quarter sales were up 14.2% over the same period a year prior, while adjusted operating earnings were $417 million.
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Distributor says it will expand customer service capabilities by adding approximately 100 new jobs to its Lake County, Illinois, headquarters.
Industrial distributor’s 2021 3Q sales were $3.4 billion, while the company posted operating earnings of $438 million.
W.W. Grainger Chairman and CEO D.G. Macpherson provided insight on how his company continues to evolve in the face of a shifting landscape.
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“Disappointing” was how one analyst described the industrial distributor’s gross margin performance (down 290bps) in the period, but such a plunge was all too familiar for many companies in these pandemic-plagued times.
Strategic activity from leading distributors like Ferguson, Grainger and Fastenal led to the most-read blogs of October 2020.
After Grainger posted a moderate improvement in the third quarter, company executives dished on the distributor’s approach to acquiring new customers and how it is bolstering the company. Here's what they shared.
Grainger’s sales dipped 2% last quarter as pandemic-related sales (e.g., PPE) again offset softness in its traditional product line, but non-pandemic sales are showing signs of life.
Mergers and acquisitions among distributors and manufacturers picked up last month after an especially slow April and May, due to concerns over the coronavirus.
