25.04.2024 14:25:37 - dpa-AFX: ROUNDUP: Grainger Q1 Profit In Line; Backs Annual Outlook
WASHINGTON (dpa-AFX) - (Adds Outlook)
For the full year, W.W. Grainger, Inc. (GWW) reaffirmed its guidance.
It maintains earnings outlook of $38.00- $40.50 per share on sales of $17.2
billion - $17.7 billion.
Sixteen analysts on average polled by Thomson-Reuters expect the company to
report earnings of $39.36 a share on sales of $17.48 billion.
Q1 Results:
Grainger (W.W.) Inc. (GWW) revealed a profit for first quarter in line with the
Street estimates.
The company's earnings came in at $478 million, or $9.62 per share. This
compares with $488 million, or $9.61 per share, in last year's first quarter.
Analysts on average had expected the company to earn $9.62 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 3.7% to $4.24 billion from $4.09
billion last year.
Grainger (W.W.) Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $478 Mln. vs. $488 Mln. last year.
-EPS (Q1): $9.62 vs. $9.61 last year.
-Revenue (Q1): $4.24 Bln vs. $4.09 Bln last year.
-Guidance:
Full year EPS guidance: $38.00 - $40.50
Full year revenue guidance: $17.2 - $17.7 Bln
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