Grainger Q3 2020 Earnings Report
Key Takeaways
Grainger reported a 2.4% increase in sales to $3.0 billion for the third quarter of 2020, with organic daily sales up 4.6% compared to the third quarter of 2019. The company experienced expanded operating margins and generated $311 million in operating cash flow, returning $82 million to shareholders through dividends. They also repaid their revolving credit facility and plan to restart their share repurchase program in Q4 2020.
Sales of $3.0 billion, up 2.4%, and up 4.6% on an organic daily basis compared to Q3 2019.
Reported and adjusted operating margins expanded by 110 and 90 basis points respectively.
Generated $311 million in operating cash flow and returned $82 million to shareholders through dividends.
Revolving credit facility was repaid and the dividend was increased in Q3 2020; share repurchase program to restart in Q4 2020.
Grainger
Grainger
Forward Guidance
No forward guidance was given in the provided text.