Grainger Q1 2020 Earnings Report
Key Takeaways
Grainger reported a 7.2% increase in sales to $3.0 billion for Q1 2020. The company generated $159 million in reported operating earnings and $343 million in adjusted operating earnings. Operating cash flow was $244 million, and $178 million was returned to shareholders through dividends and share repurchases. Due to uncertainties surrounding the COVID-19 pandemic, Grainger suspended its 2020 guidance and paused share repurchases.
Sales increased by 7.2% to $3.0 billion, or 5.5% on a daily basis.
Reported operating earnings were $159 million, with adjusted operating earnings at $343 million.
Operating cash flow reached $244 million, and $178 million was returned to shareholders.
Company suspended 2020 guidance and paused share repurchases due to COVID-19 uncertainties.
Grainger
Grainger
Forward Guidance
Given the uncertainty around the depth and duration of this pandemic, and the related economic response, Grainger is suspending their guidance for 2020.