08:22 AM EDT, 08/01/2024 (MT Newswires) -- W.W. Grainger ( GWW ) reported Q2 adjusted earnings Thursday of $9.76 per diluted share, up from $9.28 a year earlier.

Analysts polled by Capital IQ expected $9.59.

Net sales for the quarter ended June 30 were $4.31 billion, up from $4.18 billion a year earlier.

Analysts surveyed by Capital IQ expected $4.35 billion.

The company said it now expects 2024 earnings of $38 to $39.50 per diluted share, compared with its prior guidance of between $38 and $40.50. Analysts polled by Capital IQ expect $39.12.

Net sales for the year are now expected between $17 billion and $17.3 billion, compared with $17.2 billion to $17.7 billion previously. Analysts surveyed by Capital IQ expect $17.37 billion.

Shares of the company were down more than 10% in recent premarket activity.

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