Grainger narrows 2024 earnings outlook
Grainger reported second quarter sales of $4.3 billion, up 3.1%, or 5.1% on a daily, organic constant currency basis. However, it narrowed most 2024 total company guidance ranges, including daily, organic constant currency sales growth of 4.0% to 6.0%.
"I'm proud of our team for providing a flawless experience and creating tangible value for our customers. Amidst the backdrop of a slow, but generally stable demand environment, we focused on what matters and produced another quarter of solid results," said Chairman and CEO D.G. Macpherson. "As we look to the second half of the year, I'm confident in our ability to execute well and deliver results for all stakeholders."
Gross profit margin of 39.3% in the second quarter was flat compared to the second quarter of 2023.
INDUSTRIAL SUPPLY MAGAZINE
The July/August issue of Industrial Supply magazine features an in-depth cover story about Singer Industrial. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Rachael Radford, as well as interviews with numerous product and distribution industry experts.
