NYSE:GWW

GRAINGER'S SHAREHOLDERS ELECT 13 DIRECTORS AND OTHER ANNUAL MEETING HIGHLIGHTS

Retrieved on: 
Wednesday, April 24, 2024
GWW, W. W. Grainger

CHICAGO, April 24, 2024 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) held its annual meeting of shareholders in Lake Forest, Ill., today.

Key Points: 
  • CHICAGO, April 24, 2024 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) held its annual meeting of shareholders in Lake Forest, Ill., today.
  • Chairman and CEO D.G.
  • Macpherson provided a company update, which included financial and operational highlights from 2023.
  • Shareholders elected the following 13 directors:

GRAINGER INCREASES QUARTERLY DIVIDEND BY 10%; REFRESHES SHARE REPURCHASE AUTHORIZATION

Retrieved on: 
Wednesday, April 24, 2024
Share repurchase, GWW, Grainger, W. W. Grainger, Security (finance)

CHICAGO, April 24, 2024 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) announced today that its board of directors approved a quarterly cash dividend of $2.05 per share, an increase of 10% from the most recent company dividend.

Key Points: 
  • CHICAGO, April 24, 2024 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) announced today that its board of directors approved a quarterly cash dividend of $2.05 per share, an increase of 10% from the most recent company dividend.
  • The dividend is payable on June 1, 2024, to shareholders of record on May 13, 2024.
  • In addition, the board approved the repurchase of up to 5 million shares of the company's outstanding common stock, replacing the company's existing repurchase authorization.
  • This increase, together with our updated share repurchase authorization, reinforces our ability to continue investing in the business while also returning excess cash to shareholders," said D.G.

W.W. Grainger, Inc. Adds Cindy J. Miller as a Nominee to its Board of Directors to be Voted on at the Company's Annual Meeting on April 24, 2024

Retrieved on: 
Thursday, March 7, 2024
Senior, Grainger, GWW, Transport, Female, Corporate America, Gold, Safety, Woman, UPS, Pennsylvania State University, United Parcel Service, Miller, Management

CHICAGO, March 7, 2024 /PRNewswire/ -- Grainger (NYSE: GWW), today announced that the Board of Directors has selected a new nominee, Cindy J. Miller, to serve for the 2024-2025 period. This announcement is an update to the slate of nominees published on February 21, 2024 via a Company press release. With this nomination, Grainger now has 13 nominees for service on its Board of Directors.

Key Points: 
  • This announcement is an update to the slate of nominees published on February 21, 2024 via a Company press release.
  • With this nomination, Grainger now has 13 nominees for service on its Board of Directors.
  • She also has deep knowledge and experience in the healthcare industry, business transformation and change management, operations management, strategy, safety and international business.
  • "Cindy's extensive strategy and operations background make her an excellent fit to join our Board of Directors," said D.G.

TWELVE DIRECTORS SLATED FOR GRAINGER'S BOARD TO BE VOTED ON AT THE COMPANY'S ANNUAL MEETING ON APRIL 24, 2024

Retrieved on: 
Wednesday, February 21, 2024
Audit committee, Retirement, Grainger, Committee

After 18 years of service, V. Ann Hailey will not stand for re-election.

Key Points: 
  • After 18 years of service, V. Ann Hailey will not stand for re-election.
  • Ms. Hailey has been a Board member since 2006 and served as a member of the Board Affairs and Nominating Committee, as well as Chair of the Audit Committee.
  • Macpherson said, "On behalf of our team members and the Board of Directors, I would like to thank Ann for her leadership, service, strategic counsel and the significant contributions she provided to Grainger over the last 18 years.
  • It has been a true privilege to serve alongside her, and I wish her the best in retirement."

GRAINGER REPORTS RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2023

Retrieved on: 
Friday, February 2, 2024
EPS, Growth, Oliver Cromwell, B2B, Zoro, Monotaro, Public expenditure, Video game

CHICAGO, Feb. 2, 2024 /PRNewswire/ -- Grainger (NYSE: GWW) today reported results for the fourth quarter and full year 2023. Sales of $4.0 billion in the fourth quarter 2023 increased 5.1%, or 5.5% on a daily, organic constant currency basis versus the fourth quarter of 2022. For the full year, sales of $16.5 billion increased 8.2%, or 9.5% on a daily, organic constant currency basis compared to the prior year.

Key Points: 
  • For the fourth quarter of 2023, total Company sales on a reported and daily basis increased 5.1% compared to the fourth quarter of 2022.
  • For the fourth quarter of 2023, total Company gross profit margin was 39.1%, down 50 basis points compared to the fourth quarter of 2022.
  • Diluted EPS for the fourth quarter of 2023 was $7.89 on a reported basis, up 4.7% versus the fourth quarter of 2022.
  • For the fourth quarter of 2023, the reported effective tax rate was 23.8% compared to 24.3% in the fourth quarter of 2022.

Grainger Announces Plans for New Distribution Center Near Houston

Retrieved on: 
Thursday, February 1, 2024
Grainger, HVAC, GWW, MRO, Hand, Ventilation, Air conditioning, Heat, Lighting, Warehouse

CHICAGO, Feb. 1, 2024 /PRNewswire/ -- Grainger (NYSE: GWW), a leading broad line distributor of maintenance, repair and operating (MRO) products serving businesses and institutions, today announced plans to open a 1.2 million-square-foot distribution center (DC) in Hockley, Texas in 2026. The new "Houston Texas Distribution Center" will provide additional capacity for the company to continue delivering best-in-class, next-day complete orders to customers. Grainger plans to break ground this spring.

Key Points: 
  • The new "Houston Texas Distribution Center" will provide additional capacity for the company to continue delivering best-in-class, next-day complete orders to customers.
  • Grainger plans to break ground this spring.
  • This distribution center is just one of the company's major construction projects currently underway.
  • Grainger already operates more than 45 locations in the state of Texas, including six branches within the city of Houston, plus a 374,000-square-foot distribution center and 441,000-square-foot bulk warehouse both outside of Dallas.

GRAINGER DECLARES QUARTERLY DIVIDEND

Retrieved on: 
Wednesday, January 31, 2024
GWW, W. W. Grainger

CHICAGO, Jan. 31, 2024 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) announced today that its board of directors approved a quarterly cash dividend of $1.86 per share. The dividend is payable on March 1, 2024, to shareholders of record on February 12, 2024.

Key Points: 

CHICAGO, Jan. 31, 2024 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) announced today that its board of directors approved a quarterly cash dividend of $1.86 per share. The dividend is payable on March 1, 2024, to shareholders of record on February 12, 2024.

W.W. Grainger, Inc. Names Chris Klein to its Board of Directors

Retrieved on: 
Wednesday, December 13, 2023
MRO, NYSE, Fortune Brands, Organization, Bank One Corporation, Actua Corporation, University, Grainger, Marketing, Business administration, Chris Klein, Security, McKinsey & Company, GWW, Capital Group Companies, Master of Business Administration, Management, Northwestern University

CHICAGO, Dec. 13, 2023 /PRNewswire/ -- Grainger (NYSE: GWW), a leading broad line distributor of maintenance, repair and operating (MRO) products serving businesses and institutions, today announced the appointment of Chris Klein to its Board of Directors, effective December 13, 2023.

Key Points: 
  • CHICAGO, Dec. 13, 2023 /PRNewswire/ -- Grainger (NYSE: GWW), a leading broad line distributor of maintenance, repair and operating (MRO) products serving businesses and institutions, today announced the appointment of Chris Klein to its Board of Directors, effective December 13, 2023.
  • "Chris is a committed, high-caliber leader with a proven track record of successfully running complex organizations," said D.G.
  • Mr. Klein holds a Bachelor of Business Administration in Finance from the University of Iowa and a Master of Business Administration from Northwestern University.
  • With this appointment, Grainger now has 13 members on its Board of Directors.

Grainger Announces Agreement to Sell E&R Industrial Sales, Inc.

Retrieved on: 
Tuesday, December 12, 2023
Sale, Grainger, GWW, Growth, R, MRO, NYSE

E&R Industrial became a subsidiary of W.W. Grainger, Inc. in 2013.

Key Points: 
  • E&R Industrial became a subsidiary of W.W. Grainger, Inc. in 2013.
  • "We are excited about this next stage of growth with Paradigm Equity Partners," said Jason D'Souza, President, E&R Industrial Sales, Inc. "E&R Industrial is firmly committed to a smooth transition for our customers, suppliers and team members."
  • Grainger will continue to serve customers with maintenance metalworking products, services and expertise while focusing on its core business of maintenance, repair and operating (MRO) products and services.
  • Customers will continue to have access to E&R's assortment when purchasing through Grainger, while E&R customers will have access to Grainger's MRO-leading assortment when purchasing through E&R.

Grainger Hires Tech Industry Leader Cecelia Myers as Vice President, Group Product Manager

Retrieved on: 
Tuesday, November 14, 2023
GWW, CDW, MRO, AI, Digital, NYSE, Groupon, Management, Grainger, Walker

CHICAGO, Nov. 14, 2023 /PRNewswire/ -- Grainger (NYSE: GWW), the leading broad line distributor of maintenance, repair and operating (MRO) products serving businesses and institutions, today announced Cecelia Myers joined the company as Vice President, Group Product Manager.

Key Points: 
  • CHICAGO, Nov. 14, 2023 /PRNewswire/ -- Grainger (NYSE: GWW), the leading broad line distributor of maintenance, repair and operating (MRO) products serving businesses and institutions, today announced Cecelia Myers joined the company as Vice President, Group Product Manager.
  • In this role, she will be responsible for leading Grainger's strategy to custom build technology capabilities aimed at improving the customer and team member experience.
  • "I am thrilled to welcome Cecelia to Grainger as we continue to unlock new ways to create competitive advantage and support our customers' needs," said Brian Walker, Chief Product Officer.
  • Myers comes to Grainger with broad experience, most recently she served as Vice President, Digital, at CDW where she led its digital channel and oversaw product management, digital integrations, demand generation and product design.