Grainger Q3 2021 Earnings Report
Key Takeaways
Grainger reported strong third quarter 2021 results, driven by strong performance in both the High-Touch Solutions N.A. and Endless Assortment segments, with sales of $3.4 billion, up 11.7% compared to the third quarter of 2020.
Delivered sales of $3.4 billion, up 11.7%, compared to the third quarter of 2020; up 11.9% on an organic, daily, constant currency basis
Expanded gross margin by 145 bps compared to the third quarter of 2020, expanded by 205 bps sequentially
Operating earnings of $438 million, up 17.4%, resulting in EPS of $5.65, growth of 25% versus the third quarter of 2020
Returned $327 million to shareholders through dividends and share repurchases
Grainger
Grainger
Forward Guidance
The company is reaffirming the guidance ranges previously provided for 2021. Given the solid results of the third quarter, the company expects revenue to finish the year near the midpoint and expects all other metrics to fall between the low end and the midpoint of the range.