Grainger Q2 2020 Earnings Report
Key Takeaways
Grainger reported Q2 2020 sales of $2.8 billion, driven by significant share gains in the U.S. segment, despite an estimated 14-15% decline in the MRO market. The company generated $205 million in reported operating earnings and $315 million in adjusted operating earnings, achieving over $75 million in sequential SG&A cost savings and $232 million in operating cash flow.
Sales reached $2.8 billion with significant share gain in the U.S.
Reported operating earnings were $205 million, while adjusted operating earnings totaled $315 million.
Sequential SG&A cost savings exceeded $75 million.
Operating cash flow was $232 million, with $86 million returned to shareholders through dividends.
Grainger
Grainger
Forward Guidance
Cannot provide a quantitative reconciliation of forward-looking information to the most comparable financial measure calculated and presented in accordance with GAAP without unreasonable efforts. A reconciliation of these non-GAAP financial measures would require the company to predict the timing and likelihood of future restructurings, asset impairments, and other charges. Neither of these forward-looking measures, nor their probable significance, can be quantified with a reasonable degree of accuracy. Accordingly, the most directly comparable forward-looking GAAP measures are not provided.