Grainger reports results for the fourth quarter and full year 2023

Focused execution delivers solid quarter and record full year earnings; company issues 2024 guidance, including 4% to 7% sales growth fourth quarter 2023 highlights delivered sales of $4.0 billion, up 5.1%, or 5.5% on a daily, organic constant currency basis achieved reported operating margin of 13.9%, down 40 basis points, or 14.6% on an adjusted basis, up 80 basis points increased diluted eps by 4.7% to $7.89 on a reported basis, or by 16.7% to $8.33 on an adjusted basis announced plans to open a new 1.2 million square-foot distribution center near houston, texas in 2026 full year 2023 highlights grew sales to $16.5 billion, up 8.2%, or 9.5% on a daily, organic constant currency basis realized reported operating margin of 15.6%, up 110 basis points, or 15.7% on an adjusted basis, up 130 basis points increased diluted eps by 20.5% to $36.23 on a reported basis, or by 23.6% to $36.67 on an adjusted basis produced $2.0 billion in operating cash flow and returned $1.2 billion to grainger shareholders through dividends and share repurchases chicago , feb. 2, 2024 /prnewswire/ -- grainger (nyse: gww) today reported results for the fourth quarter and full year 2023. sales of $4.0 billion in the fourth quarter 2023 increased 5.1%, or 5.5% on a daily, organic constant currency basis versus the fourth quarter of 2022.
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