W.W. GRAINGER Reports Q2 FY2023 Earnings Results on June 30 2023
July 29, 2023
🌥️Earnings Overview
W.W. GRAINGER ($NYSE:GWW) released its earnings results for the second quarter of FY2023, ending on July 27 2023, on June 30 2023. The company announced total revenue of USD 4182.0 million, a 9.0% increase from the previous year, and net income of USD 470.0 million, a 26.7% year-over-year rise.
Share Price
The stock opened at $735.6 and closed at $724.7, representing a decrease of 4.9% from its last closing price of $762.1. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for W.w. Grainger. More…
| Total Revenues | Net Income | Net Margin |
| 16.02k | 1.77k | 11.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for W.w. Grainger. More…
| Operations | Investing | Financing |
| 1.64k | -282 | -1.1k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for W.w. Grainger. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.03k | 4.8k | 54.52 |
Key Ratios Snapshot
Some of the financial key ratios for W.w. Grainger are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.3% | 41.2% | 15.7% |
| FCF Margin | ROE | ROA |
| 8.5% | 57.5% | 19.6% |
Analysis
At GoodWhale, we recently conducted an analysis of W.W. GRAINGER‘s wellbeing. We have determined that W.W. GRAINGER is a medium risk investment based on our Risk Rating which takes into account both the financial and business aspects of the organization. Additionally, we have detected 1 risk warning in non financial areas that can be seen if you register with us. We urge you to take this warning into account and use it to make a more informed decision when considering an investment. More…
Peers
The company operates in North America and Asia. Grainger’s competitors include Ferguson PLC, RS Group PLC, and Fastenal Co.
– Ferguson PLC ($NYSE:FERG)
Ferguson PLC is a publicly traded company with a market capitalization of 23.43 billion as of 2022. The company has a return on equity of 36.36%. Ferguson PLC is a provider of plumbing and heating products and services. The company operates in two segments: wholesale and retail. The wholesale segment comprises of distribution centers that sell plumbing, heating, and industrial supplies to professional contractors, industrial customers, and retailers. The retail segment operates stores that sell plumbing, heating, and industrial supplies to consumers.
– RS Group PLC ($NASDAQ:FAST)
The company’s market cap is 26.73B as of 2022 and its ROE is 28.04%. The company is a leading provider of industrial and construction supplies and services. It has over 2,200 locations in the United States, Canada, Mexico, Europe, and Asia. The company offers a wide range of products and services, including fasteners, tools, and other industrial and construction supplies.
Summary
W.W. Grainger, Inc. reported strong financial results for its second quarter of FY2023, with total revenue up 9.0% year-over-year to USD 4182.0 million and net income up 26.7% year-over-year to USD 470.0 million. Despite the positive earnings news, the stock price dropped on the same day. Analysts believe there may have been some profit taking amongst investors or that the market was already pricing in the good news. Going forward, investors should consider the company’s track record of performance and its potential for growth in the coming quarters.
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