GWW - Industrial Supply Company W.W. Grainger Shares Are Higher After Reporting Q4 Earnings | Benzinga
W.W. Grainger Inc (NYSE:GWW) shares are trading higher after it reported fourth-quarter FY23 results.
Sales of $3.997 billion, up 5.1% Y/Y, missed the consensus of $4.039 billion.
Adjusted gross profit increased 3.8% Y/Y to $1.563 billion, with a margin contracted 50bps Y/Y to 39.1%.
Adjusted operating profit increased 11.5% Y/Y to $583 million, with the margin at 14.6%, up 80 basis points Y/Y.
Adjusted EPS rose 16.7% Y/Y ...