W.W. Grainger Files Q3 2024 10-Q
Ticker: GWW · Form: 10-Q · Filed: Oct 31, 2024 · CIK: 277135
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Grainger's Q3 10-Q is in, check financials for latest performance.
AI Summary
W.W. Grainger, Inc. filed its 10-Q for the period ending September 30, 2024. The filing covers financial performance and operational details for the company. Specific financial figures and operational highlights are detailed within the report.
Why It Matters
This filing provides investors and analysts with a detailed look at W.W. Grainger's financial health and operational performance during the third quarter of 2024.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Players & Entities
- W.W. GRAINGER, INC. (company) — Filer
- 20240930 (date) — Period of Report
- 20241031 (date) — Filed as of Date
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240930, meaning the filing covers the period up to September 30, 2024.
When was this 10-Q filed?
This 10-Q was filed on 20241031.
What is the company's Central Index Key (CIK)?
The Central Index Key for W.W. Grainger, Inc. is 0000277135.
What is the company's fiscal year end?
The company's fiscal year ends on 1231.
What is the business address of W.W. Grainger, Inc.?
The business address is 100 GRAINGER PARKWAY, LAKE FOREST, IL 60045-5201.
Filing Stats: 5,134 words · 21 min read · ~17 pages · Grade level 12.9 · Accepted 2024-10-31 16:32:32
Filing Documents
- gww-20240930.htm (10-Q) — 1320KB
- gww-20240930xex41.htm (EX-4.1) — 140KB
- gww-20240930xex311.htm (EX-31.1) — 10KB
- gww-20240930xex312.htm (EX-31.2) — 10KB
- gww-20240930xex32.htm (EX-32) — 6KB
- 0000277135-24-000173.txt ( ) — 5436KB
- gww-20240930.xsd (EX-101.SCH) — 25KB
- gww-20240930_cal.xml (EX-101.CAL) — 66KB
- gww-20240930_def.xml (EX-101.DEF) — 105KB
- gww-20240930_lab.xml (EX-101.LAB) — 415KB
- gww-20240930_pre.xml (EX-101.PRE) — 272KB
- gww-20240930_htm.xml (XML) — 781KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
: Financial Statements (Unaudited)
Item 1: Financial Statements (Unaudited) Condensed Consolidated Statements of Earnings for the Three and Nine Months Ended September 30, 2024 and 2023 3 Condensed Consolidated Statements of Comprehensive Earnings for the Three and Nine Months Ended September 30, 2024 and 2023 4 Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 5 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 6 Condensed Consolidated Statements of Shareholders' Equity for the Three and Nine Months Ended September 30, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 9
: Management's Discussion and Analysis of Financial Condition and Results of Operations 16
Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations 16
: Quantitative and Qualitative Disclosures About Market Risk 30
Item 3: Quantitative and Qualitative Disclosures About Market Risk 30
: Controls and Procedures 30
Item 4: Controls and Procedures 30
- OTHER INFORMATION
PART II - OTHER INFORMATION
: Legal Proceedings 31
Item 1: Legal Proceedings 31
: Risk Factors 31
Item 1A: Risk Factors 31
: Unregistered Sales of Equity Securities and Use of Proceeds 31
Item 2: Unregistered Sales of Equity Securities and Use of Proceeds 31
: Other Information 31
Item 5: Other Information 31
: Exhibits 32
Item 6: Exhibits 32 Signatures 33 2
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION
: Financial Statements
Item 1: Financial Statements W.W. Grainger, Inc. and Subsidiaries CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (In millions of dollars and shares, except for per share amounts) (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Net sales $ 4,388 $ 4,208 $ 12,935 $ 12,481 Cost of goods sold 2,668 2,553 7,853 7,548 Gross profit 1,720 1,655 5,082 4,933 Selling, general and administrative expenses 1,034 988 3,078 2,925 Operating earnings 686 667 2,004 2,008 Other expense (income): Interest expense – net 19 22 60 70 Other – net ( 4 ) ( 7 ) ( 18 ) ( 21 ) Total other expense – net 15 15 42 49 Earnings before income taxes 671 652 1,962 1,959 Income tax provision 166 159 470 468 Net earnings 505 493 1,492 1,491 Less net earnings attributable to noncontrolling interest 19 17 58 57 Net earnings attributable to W.W. Grainger, Inc. $ 486 $ 476 $ 1,434 $ 1,434 Earnings per share: Basic $ 9.90 $ 9.47 $ 29.10 $ 28.45 Diluted $ 9.87 $ 9.43 $ 29.00 $ 28.32 Weighted average number of shares outstanding: Basic 48.8 49.9 49.0 50.1 Diluted 48.9 50.1 49.2 50.3 The accompanying notes are an integral part of these financial statements. 3 W.W. Grainger, Inc. and Subsidiaries CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE EARNINGS (In millions of dollars) (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Net earnings $ 505 $ 493 $ 1,492 1,491 Other comprehensive earnings (losses): Foreign currency translation adjustments 79 ( 39 ) ( 32 ) ( 69 ) Postretirement benefit plan losses and other – net of tax benefit of $ 1 , $ 1 , $ 3 , and $ 3 , respectively ( 3 ) ( 3 ) ( 10 ) ( 9 ) Total other comprehensive earnings (losses) 76 ( 42 ) ( 42 ) ( 78 ) Comprehensive earnings – net of tax 581 451 1,450 1,413 Less comprehensive earnings (losses) attributable to noncontrolling interest Net earnings 19 17 58 57 Foreign currency translation adjustments 38 (