Company profile

Ticker
GWW
Exchange
CEO
Donald G. Macpherson
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Grainger W W Inc
SEC CIK
IRS number
361150280

GWW stock data

(
)

Calendar

23 Apr 20
5 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 3B 2.85B 2.95B 2.89B
Net income 173M 103M 233M 260M
Diluted EPS 3.19 1.88 4.25 4.67
Net profit margin 5.76% 3.62% 7.91% 8.99%
Operating income 159M 181M 338M 380M
Net change in cash 1.13B 74M -29M -77M
Cash on hand 1.49B 360M 286M 315M
Cost of revenue 1.88B 1.77B 1.85B 1.77B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 11.49B 11.22B 10.43B 10.14B
Net income 849M 782M 586M 606M
Diluted EPS 15.32 13.73 10.02 9.87
Net profit margin 7.39% 6.97% 5.62% 5.98%
Operating income 1.26B 1.16B 1.04B 1.11B
Net change in cash -178M 211M 53M -16M
Cash on hand 360M 538M 327M 274M
Cost of revenue 7.09B 6.87B 6.33B 6.02B

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
1 Jun 20 V Ann Hailey Deferred Stock Units Common Stock Grant Aquire A No 309.62 63 19.51K 13,510
1 Jun 20 Brian P Anderson Deferred Stock Units Common Stock Grant Aquire A No 309.62 91 28.18K 19,592
1 Jun 20 Rodney C Adkins Deferred Stock Units Common Stock Grant Aquire A No 309.62 21 6.5K 4,364
1 Jun 20 Neil S Novich Deferred Stock Units Common Stock Grant Aquire A No 309.62 135 41.8K 29,179
1 Jun 20 Stuart L Levenick Deferred Stock Units Common Stock Grant Aquire A No 309.62 93 28.79K 20,107
70.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 626 692 -9.5%
Opened positions 58 118 -50.8%
Closed positions 124 47 +163.8%
Increased positions 202 196 +3.1%
Reduced positions 242 231 +4.8%
13F shares
Current Prev Q Change
Total value 162.41B 174.87B -7.1%
Total shares 37.65M 38.92M -3.3%
Total puts 398.3K 548.6K -27.4%
Total calls 292.9K 571K -48.7%
Total put/call ratio 1.4 1.0 +41.5%
Largest owners
Shares Value Change
Vanguard 5.94M $1.48B +1.2%
Longview Partners 4.08M $1.01B -0.6%
BLK BlackRock 3.25M $807.08M +2.0%
STT State Street 2.35M $583.65M -5.5%
Clearbridge Advisors 2.01M $499.08M -13.8%
NTRS Northern Trust 1.14M $282.88M -0.4%
Geode Capital Management 789.28K $195.8M +2.6%
BAC Bank of America 731.67K $181.82M -3.6%
Nuveen Asset Management 725.61K $180.32M -2.8%
BK Bank Of New York Mellon 710.26K $176.5M +10.8%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -502.87K EXIT
Alyeska Investment 1.75K -333.56K -99.5%
Clearbridge Advisors 2.01M -320.48K -13.8%
Eagle Asset Management 445.01K +259.08K +139.3%
Citadel Advisors 530.61K +228.42K +75.6%
Millennium Management 1.48K -218.73K -99.3%
IVZ Invesco 293.73K -215.16K -42.3%
MKFCF Mackenzie Financial 641.22K -196.17K -23.4%
First Trust Advisors 188.83K +169.1K +857.4%
Two Sigma Investments 28.5K -163.14K -85.1%

Financial report summary

?
Risks
  • Weakness in the economy, market trends and other conditions affecting the profitability and financial stability of Grainger's customers could negatively impact Grainger's sales growth and results of operations.
  • The facilities maintenance industry is highly competitive, and changes in competition could result in decreased demand for Grainger's products and services.
  • Volatility in commodity prices may adversely affect gross margins.
  • Unexpected product shortages, tariffs, and risks associated with Grainger's suppliers could negatively impact customer relationships or result in an adverse impact on results of operations.
  • Changes in customer base or product mix could cause changes in Grainger's gross margin or affect Grainger's competitive position.
  • Disruptions in Grainger's supply chain could result in an adverse impact on results of operations.
  • Interruptions in the proper functioning of information systems could disrupt operations and cause unanticipated increases in costs and/or decreases in revenues.
  • Cybersecurity incidents, including breaches of information systems security, could damage Grainger's reputation, disrupt operations, increase costs and/or decrease revenues.
  • Grainger's ability to adequately protect its intellectual property or successfully defend against infringement claims by others may have an adverse impact on operations.
  • Fluctuations in foreign currency could have an effect on reported results of operations.
  • An inability to successfully implement Grainger’s strategy or to integrate acquisitions, partnerships, joint ventures and other business combination transactions could result in the benefits anticipated not being realized and could have an adverse effect on results of operations.
  • In order to compete, Grainger must attract, retain and motivate key employees, and the failure to do so could have an adverse effect on results of operations.
  • Grainger’s continued success is substantially dependent on positive perceptions of Grainger’s reputation.
  • Grainger is subject to various domestic and foreign laws, regulations and standards. Failure to comply or unforeseen developments in related contingencies such as litigation could adversely affect Grainger's financial condition, results of operations and cash flows.
  • Grainger is subject to a number of rules and regulations related to its government contracts, which may result in increased compliance costs and potential liabilities.
  • In conducting its business Grainger may become subject to legal proceedings or governmental investigations, including in connection with product liability or product compliance claims if people, property or the environment are harmed by Grainger’s products or services.
  • Tax changes could affect Grainger's effective tax rate and future profitability.
  • Grainger's common stock may be subject to volatility or price declines.
Management Discussion
  • Grainger's net sales of $11,486 million for the year ended 2019 increased $265 million, or 2.5%, compared to the same period in 2018. The increase in net sales was primarily driven by volume increases in the U.S. business from market share gain and continued double-digit growth in the endless assortments businesses, partially offset by lower sales in the Canada business and other businesses. See Note 14 to the Financial Statements and refer to the Segment Analysis below for further details.
  • Gross profit of $4,397 million for the year ended 2019 increased $49 million, or 1% compared with the same period in 2018. The gross profit margin of 38.3% decreased 0.5 percentage points when compared to the same period in 2018, primarily driven by the lower margin endless assortment businesses which are growing at a faster rate than the rest of the Company. Elsewhere, lower gross profit margins in the U.S. were offset by supply chain favorability in Canada.
  • The tables below reconcile reported Selling, general and administrative expenses (SG&A), operating earnings, net earnings attributable to W.W. Grainger, Inc. and diluted earnings per share, determined in accordance with Generally Accepted Accounting Principles (GAAP) in the United States of America to adjusted SG&A, operating earnings, net earnings attributable to W.W. Grainger, Inc. and diluted earnings per share, which are all considered non-GAAP measures. The Company believes that these non-GAAP measures provide meaningful information to assist shareholders in understanding financial results and assessing prospects for future performance as they provide a better baseline for analyzing the ongoing performance of its businesses by excluding items that may not be indicative of core operating results. Because non-GAAP financial measures are not standardized, it may not be possible to compare these measures with other companies' non-GAAP measures having the same or similar names. These non-GAAP measures should not be considered in isolation or as a substitute for reported results. These non-GAAP measures reflect an additional way of viewing aspects of operations that, when viewed with GAAP results, provide a more complete understanding of the business. All tables below are in millions of dollars:
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: accurately, adapt, affirmative, aging, agreement, alleged, allocate, allocated, allocation, amortized, amplified, ancillary, annum, AOCE, assert, assuming, attend, August, back, backdrop, bear, behavior, billion, bolster, British, card, case, charge, chemical, China, clarify, Clarifying, Closely, compensatory, comply, Concurrently, conducted, connection, conserve, consumer, consumption, contemplated, contest, contingency, contractual, Conversely, correct, counterparty, County, Court, customary, damage, declaration, dedicated, deeper, defense, defer, deferred, deferring, delinquency, depreciated, depreciation, depth, designated, disaster, discontinued, discretionary, disease, dismissed, distancing, District, documentation, documented, downturn, drew, economy, emergency, enacted, enter, entered, enterprise, Equity, equivalent, essential, Eurocurrency, evolving, exceeding, exclusively, expand, expansion, experienced, explosion, export, expose, exposure, extent, Fabory, face, Facilitation, facility, facing, factor, factual, faster, fifty, flow, force, foresee, forty, forward, fully, furloughing, gas, geographic, hardship, headcount, health, healthcare, hedge, hedged, hedging, highest, highly, hiring, identification, inability, incurrence, indemnification, infrastructure, inherently, injury, instrument, intraperiod, investigating, Investor, iv, Joint, Journal, judgment, keeper, KMCO, lack, lead, leadership, leading, LIBOR, list, LLC, loan, locate, located, logistic, London, long, longer, loyalty, macroeconomic, mandated, mandatory, match, mature, maturity, methodology, monitor, Moody, navigating, necessitate, network, nonaffiliated, nonperformance, notional, objective, obtain, obtaining, order, originated, outbreak, outlook, overnight, pandemic, partner, partnering, past, pattern, paused, payable, payment, payroll, people, personal, Poor, portion, potential, PPE, preserve, Preserving, pressure, prime, principal, proactive, prolonged, purportedly, qualify, quoted, range, rapidly, recently, recession, recessionary, reclassified, reconciliation, recoverability, recovery, redeem, redemption, refinery, Reform, relationship, relentlessly, relevant, relief, remote, repay, replenish, reputation, request, respond, responded, response, retention, returning, review, revolving, run, safe, salary, scaling, scheduled, scope, sector, seek, sharply, shelter, shift, shifted, short, significantly, silica, situation, slowdown, social, solvency, speculative, speed, stage, statistical, statutory, stay, streamline, Street, succeed, sufficient, supplement, supplier, surge, sustainable, swap, task, temporarily, temporary, thirty, Topic, travel, trusted, type, typically, unable, uncertain, unclaimed, underwriting, unintended, unknown, unpaid, unprecedented, unsecured, vigorously, viral, virtually, visit, vulnerability, Wall, widespread, world, yield, York
Removed: absence, absolute, adjustment, advantage, advantaged, applicable, arrangement, Asia, audit, borrowing, branch, clean, commenced, commencement, Committee, comparability, complex, conformity, creating, deductibility, delayed, delivering, development, differentiated, diluted, discount, Domestic, effort, energy, estate, exact, exercisable, exercised, expire, extend, finance, firm, flawlessly, footprint, GDP, hereinafter, human, immaterial, improved, inception, initial, insight, jurisdiction, Latin, leasing, Likewise, mobile, obligate, offering, office, onsite, optimization, package, pertain, point, portfolio, positively, practical, prepaid, preparation, presence, problem, procurement, Production, productivity, projecting, public, quickly, real, realize, recognized, recording, referred, registered, relate, renewal, residual, restate, restrictive, retrospective, seasonality, shape, simplified, single, solve, subjective, terminate, transition, transparency, twelve, underlying, unfavorable, unique, unparalleled, utilized

Patents

GRANT
Utility
System and method for using an image to obtain search results
30 Jun 20
A system and method compares an image of an object of interest captured by an image capturing device from a first positional view relative to the object of interest against each of a plurality of images of each of a plurality of reference objects wherein each of the plurality of images of each of the plurality of reference objects is reflective of a unique positional view of the corresponding one of the plurality of reference objects to determine a second positional view relative to the object of interest at which the image capturing device is to be positioned to capture a further image of the product of interest.
GRANT
Utility
System and method for using geographical locations to provide access to product information
16 Jun 20
A current geographic location of a mobile device, such as a smart phone, tablet computer, or the like, is used to customize a selection guide that is used to retrieve product related information.
GRANT
Utility
System and method for using a mobile device to access inventory
2 Jun 20
A system and method for using a mobile device to cause a vending machine to provide access to a product.
GRANT
Utility
Manufacture for providing access to product information and related functionalities
24 Mar 20
A system and method for allowing a user to quickly access product information and/or commerce functionalities as related to one or more products that are associated with an electronic document, such as a web page, that is currently being viewed by the user in an electronic document viewing program, such as an Internet browser.
APP
Utility
System and Method for Using an Image to Obtain Search Results
27 Feb 20
A system and method compares an image of an object of interest captured by an image capturing device from a first positional view relative to the object of interest against each of a plurality of images of each of a plurality of reference objects wherein each of the plurality of images of each of the plurality of reference objects is reflective of a unique positional view of the corresponding one of the plurality of reference objects to determine a second positional view relative to the object of interest at which the image capturing device is to be positioned to capture a further image of the product of interest.