Grainger reports results for the second quarter 2022

Solid execution of strategic growth initiatives drives continued strong results; company raises full year 2022 guidance second quarter highlights delivered sales of $3.8 billion, up 19.6%, compared to the second quarter of 2021; up 22.0% on a daily, constant currency basis expanded gross margin by 255 bps compared to the second quarter of 2021 generated operating earnings of $534 million, up 60.0%, resulting in eps of $7.19, an increase of 68.4% versus the second quarter of 2021 returned $219 million to shareholders through dividends and share repurchases published 11th environmental, social and governance report highlighting grainger's focus on driving sustainable supply chain operations and furthering diversity, equity and inclusion increases full year 2022 guidance, including updated total company daily sales growth of 14.5% - 16.5%, driving eps range of $27.25 - $28.75  chicago , july 29, 2022 /prnewswire/ -- grainger (nyse: gww) today reported results for the second quarter of 2022 with sales of $3.8 billion, up 19.6%, or 22.0% on a daily, constant currency basis compared to the second quarter 2021, driven by strong performance in both segments.  "our second quarter results reflect the team's continued commitment to serving customers extraordinarily well in this strong demand environment," said dg macpherson, chairman and ceo.
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