Strong Revenue and Earnings Growth
Grainger reported sales of nearly $4.7 billion for the quarter, up 6.1% on a reported basis or 5.4% on a daily constant currency basis, with diluted EPS increasing by $0.34 to $10.21, marking a 3.4% increase over the prior year.
Endless Assortment Segment Growth
The segment achieved sales growth of 18.2% on a reported basis or 14.6% on a daily constant currency basis, with MonotaRO and Zoro U.S. contributing significantly. Operating margins increased by 100 basis points to 9.8%.
Operating Cash Flow and Shareholder Returns
Operating cash flow was $597 million, with $399 million returned to shareholders through dividends and share repurchases.
Digital and Technological Advancements
Grainger is focusing on tech and AI to enhance customer experience and drive productivity, leveraging proprietary data for better solutions.