Grainger Q4 2020 Earnings Report
Key Takeaways
Grainger reported a 3.3% increase in sales for Q4 2020, reaching $2.9 billion. Reported operating earnings increased by 52% to $275 million, while adjusted operating earnings decreased by 4% to $295 million. The company's performance was driven by share gains in the U.S. segment and strong growth in the endless assortment businesses.
Sales increased by 3.3% to $2.9 billion, and 5.6% on an organic, daily, constant currency basis.
Reported operating earnings increased 52% to $275 million; adjusted operating earnings decreased 4% to $295 million.
Reported operating margin of 9.4% increased 300 basis points; adjusted operating margin of 10.0% decreased 75 basis points.
Operating cash flow increased 24% to $336 million due to the timing of inventory purchases.
Grainger
Grainger
Forward Guidance
Given the continued uncertainty surrounding the pandemic and subsequent path of economic recovery, the company will not be providing 2021 guidance at this time.