-=Grainger (GWW) reported earnings on Thur 2 Feb 23 (b/o)

 

Grainger beats by $0.14, reports revs in-line; guides FY23 EPS above consensus, revs above consensus

• Reports Q4 (Dec) earnings of $7.14 per share, excluding non-recurring items, $0.14 better than the S&P Capital IQ Consensus of $7.00; revenues rose 13.2% year/year to $3.8 bln vs the $3.81 bln S&P Capital IQ Consensus.
• Co issues upside guidance for FY23, sees EPS of $32.00-34.50, excluding non-recurring items, vs. $30.66 S&P Capital IQ Consensus; sees FY23 revs of $16.2-16.8 bln vs. $15.93 bln S&P Capital IQ Consensus.
• In the High-Touch Solutions N.A. segment, sales were up 16.8%, or 17.2% on a daily, constant currency basis versus the fourth quarter of 2021 driven by strong price realization and continued volume growth. In the Endless Assortment segment, sales were up 0.9%, or 18.2% on a daily, constant currency basis versus the fourth quarter of 2021. Growth in the segment was driven by strong new customer acquisition and repeat business for the segment, as well as enterprise customer growth at MonotaRO.