W.W. Grainger Inc

GWW: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$423.00	Cjdmjd	Vtfmcwns

Grainger’s Strong Fourth-Quarter Performance Leads to Strong Guidance for 2023

Dawit Woldemariam

Feb 3, 2023

Grainger posted strong fourth-quarter results to close out the year. Net sales in the quarter increased 13% year on year to $3.8 billion. The company’s high-touch solutions business continues to stand out. In the quarter, the segment grew by 17%, thanks to strong price realization. Gross margins in the segment were up approximately 225 basis points to 41.8%, largely due to improved product mix and lower freight costs. While supply headwinds are still presenting a challenge, Grainger managed to keep price/cost relatively neutral in the fourth quarter.

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