Grainger reports results for the second quarter 2023

Focused execution driving continued strong results; company raises midpoint of full year 2023 guidance second quarter highlights delivered sales of $4.2 billion, up 9.0%, or 10.1% on a daily, constant currency basis generated operating earnings of $661 million, up 23.5%, with operating margin of 15.8%, up 190-basis points achieved diluted eps of $9.28, an increase of 29.1% produced $450 million in operating cash flow and returned $265 million to grainger shareholders through dividends and share repurchases announced plans to open a new 500,000-square-foot distribution center in oregon in 2025 raising midpoint of full year 2023 total company revenue and eps guidance ranges, including daily sales growth of 8.5% to 11% and diluted eps of $35.00 to $36.75 per share chicago , july 27, 2023 /prnewswire/ -- grainger (nyse: gww) today reported results for the second quarter of 2023 with sales of $4.2 billion, up 9.0%, or 10.1% on a daily, constant currency basis, and diluted eps of $9.28, up 29.1% compared to the second quarter of 2022.  "the team delivered another strong quarter of performance, as overall demand remains reasonably steady, and we show up well with our customers.
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