Grainger reports results for the first quarter 2023
Continued strong performance amidst resilient demand environment; company raises full year 2023 guidance first quarter highlights delivered sales of $4.1 billion, up 12.2%, or 14.5% on a daily, constant currency basis generated operating earnings of $680 million, up 27.4%, with operating margin of 16.6%, up 200 basis points achieved diluted eps of $9.61, an increase of 36.0% produced $454 million in operating cash flow and returned $229 million to grainger shareholders through dividends and share repurchases recognized as one of the fortune 100 best companies to work for® for the second consecutive year updating full year 2023 total company guidance ranges, including daily sales growth of 7% to 11% and an increased diluted eps range of $34.25 to $36.75 chicago , april 27, 2023 /prnewswire/ -- grainger (nyse: gww) today reported results for the first quarter of 2023 with sales of $4.1 billion, up 12.2%, or 14.5% on a daily, constant currency basis, and diluted eps of $9.61, up 36.0% compared to the first quarter of 2022. "the team continues to perform well amidst a resilient demand environment.
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