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Mar 31, 2022
Grainger Q1 2022 Earnings Report
Grainger's first quarter results for 2022 were reported, demonstrating strong performance driven by a robust demand environment and effective operational execution. The company raised its full-year 2022 guidance.
Key Takeaways
Grainger reported strong first-quarter results for 2022, with sales reaching $3.6 billion, an 18.2% increase compared to the first quarter of 2021. The company's operating earnings rose by 49.2% to $534 million, resulting in an EPS of $7.07, a 57.8% increase. Grainger also raised its full-year 2022 guidance, expecting an EPS range of $25.00 - $27.00.
Sales reached $3.6 billion, an 18.2% increase compared to Q1 2021.
Gross margin expanded by 245 bps compared to Q1 2021.
Operating earnings increased by 49.2% to $534 million, with EPS rising by 57.8% to $7.07.
Full-year 2022 guidance was raised, with an updated EPS range of $25.00 - $27.00.
Revenue by Segment
Forward Guidance
The company is raising its 2022 full year guidance expectations.
Positive Outlook
- Net Sales: $14.5 - $14.9 billion (previously $14.1 - $14.5 billion)
- Daily growth: 11.0% - 14.0% (previously 7.5% - 10.5%)
- Operating Margin: 13.0% - 13.6% (previously 12.5% - 13.1%)
- Earnings per Share: $25.00 - $27.00 (previously $23.50 - $25.50)
- Operating Cash Flow: $1.15 - $1.35 billion (previously $1.1 - $1.3 billion)
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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