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Feb 9, 2023
Grainger Sees Fourth Quarter Gains
W.W. Grainger Inc. had net sales of $3.8 billion in the fourth quarter of 2022, up 13.2 per cent compared to $3.6 billion from the prior-year period. Net income was $384 million, up 36 per cent from the year-ago period. Operating margin was 14.3 per cent, a 190-basis point increase over the fourth quarter of 2021. On an adjusted basis, which excludes the gain from the fourth quarter divestiture of Cromwell's enterprise software business, operating earnings for the quarter were $523 million, up 25.5 per cent over the fourth quarter of 2021.
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