financetom
Business
financetom
/
Business
/
Toolmaker W.W. Grainger quarterly revenue rises on industrial demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Toolmaker W.W. Grainger quarterly revenue rises on industrial demand
Apr 25, 2024 7:01 AM

April 25 (Reuters) - Industrial parts provider W.W.

Grainger ( GWW ) reported a 3.4% increase in first-quarter

revenue on Thursday, helped by demand from its U.S. industrial

clients for maintenance and repair equipment.

The Illinois-based company, which sells safety, maintenance,

and repair equipment to North American, Japanese industrial

clients, and domestic consumers, reported a quarterly profit of

$9.65 per share, a slight increase from per-share earnings of

$9.61 a year ago.

Daily sales at the company's High-Touch Solutions segment,

which caters to the North American manufacturing, warehousing,

and metalworking industries, were up 3.4% year-over-year.

The unfavorable product mix in Zoro, a subsidiary of W.W.

Grainger ( GWW ), weighed on its online-only "Endless Assortment"

segment's gross profit margin, which declined 0.3%.

Total quarterly revenue was at $4.23 billion.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved