Grainger Q3 2020 Earnings Report

Achieved strong revenue and share growth while expanding operating margins.

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.

Total Revenue

$3.02B

Previous year: $2.95B