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News

W.W. Grainger Narrows Its 2024 Outlook: Now Sees EPS Of $38.00-$39.50 (Prior $38.00-$40.50) Vs $39.15 Est., And Revenue Of $17B $17.3B (Prior $17.2B-$17.7B) Vs $17.373B Est.

Author: Benzinga Newsdesk | August 01, 2024 08:06am

Guidance

The Company is providing the following updated total company 2024 guidance, including a narrowed earnings outlook.  

Total Company(1)

Previous 2024 Guidance Range

(as of April 25, 2024)

Updated 2024 Guidance Range

(as of August 1, 2024)

Net Sales

$17.2 - $17.7 billion

$17.0 - $17.3 billion

   Sales Growth

4.3% - 7.3%

3.2% - 5.2%

   Daily, organic constant currency sales growth

4.0% - 7.0%

4.0% - 6.0%

Gross Profit Margin

39.1% - 39.4%

39.2% - 39.4%

Operating Margin

15.3% - 15.8%

15.3% - 15.7%

Diluted Earnings per Share

$38.00 - $40.50

$38.00 - $39.50

Operating Cash Flow

$1.9 - $2.1 billion

$1.95 - $2.15 billion

CapEx (cash basis)

$0.4 - $0.5 billion

$0.4 - $0.475 billion

Share Buyback

$0.9 - $1.1 billion

$1.0 - $1.2 billion

Effective Tax Rate

~24.0%

~24.0%


 

 

 

Segment Operating Margin


 

 

High-Touch Solutions - N.A.

17.4% - 17.9%

17.4% - 17.8%

Endless Assortment

7.3% - 7.8%

7.6% - 8.0%

Posted In: GWW

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