W.W. Grainger Inc. has reported first-quarter sales of US$4.1 billion, an increase of 12.2% year-over-year.

Grainger’s adjusted operating earnings for the quarter were $680 million, up 27.4% compared to the same period last year. The company’s reported earnings per share of $9.61 in the first quarter were up 36% versus reported earnings per share of $7.07 in 2022.

“The team continues to perform well amidst a resilient demand environment. Both segments delivered strong growth and expanded margins, while we continued to invest in our growth engines and provide exceptional customer service,” said D.G. Macpherson, Grainger chairman and CEO. “Given the strong, profitable growth in the quarter, we are raising our earnings outlook for the full year 2023.”

About Grainger
W.W. Grainger Inc. is a broad-line supplier of maintenance, repair, and operating products serving businesses and institutions in North America. It has an expanding presence in Asia, Europe, and Latin America. For more information, visit www.grainger.com.