CHICAGO - W.W. Grainger on Friday reported fourth quarter 2024 earnings that fell short of analyst estimates, while revenue also missed expectations. However, the company's outlook for fiscal year 2025 came in above consensus projections.
The industrial supply company posted adjusted earnings per share of $9.71, missing the analyst estimate of $9.77 by $0.06. Revenue for the quarter reached $4.23 billion, slightly below the consensus estimate of $4.25 billion but up 5.9% YoY, or 4.7% on a daily, organic constant currency basis.
For the full year 2024, Grainger reported sales of $17.2 billion, an increase of 4.2% compared to 2023, or 4.7% on a daily, organic constant currency basis. The company's adjusted operating margin for the year stood at 15.5%, down 20 basis points from the previous year.
Looking ahead, Grainger provided an optimistic outlook for fiscal year 2025. The company expects earnings per share in the range of $39.00 to $41.50, with the midpoint of $40.25 surpassing the analyst consensus of $38.96.
Revenue guidance for 2025 was set between $17.6 billion and $18.1 billion, also above the consensus estimate of $17.17 billion.
"Amidst a stable, yet muted demand environment throughout 2024, our team delivered strong performance by staying focused on what matters and delivering an outstanding customer experience," said D.G. Macpherson, Chairman and CEO of Grainger.
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