W.W. Grainger, Inc., with 2020 sales of $11.8 billion, is North America's leading broad line supplier of maintenance, repair and operating (MRO) products, with operations primarily in North America, Japan and Europe.

Company profile
Ticker
GWW
Exchange
Website
CEO
Donald Macpherson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
GRAINGER W W INC
SEC CIK
Corporate docs
Subsidiaries
Acklands - Grainger Inc. • Apex Industrial Limited • Bogle and Timms Limited • C.J. Bent & Son Limited • Cromwell Czech Republic s.r.o. • Cromwell Group (Holdings) Limited • Cromwell Group (International) Limited • Cromwell Industrial Supplies Private Limited • Cromwell Logistics Limited • Cromwell SAS ...
IRS number
361150280
GWW stock data
News

Here's How Much $1000 Invested In W.W. Grainger 15 Years Ago Would Be Worth Today
2 Jun 22
Where W.W. Grainger Stands With Analysts
31 May 22
Morgan Stanley Maintains Underweight on W.W. Grainger, Lowers Price Target to $449
31 May 22
Morgan Stanley Maintains Underweight on W.W. Grainger, Lowers Price Target to $474
29 Apr 22
RBC Capital Maintains Underperform on W.W. Grainger, Raises Price Target to $450
29 Apr 22
Press releases
Grainger Releases Its 2022 Environmental, Social and Governance (ESG) Report
20 Jun 22
GRAINGER'S SHAREHOLDERS ELECT 12 DIRECTORS AND OTHER ANNUAL MEETING HIGHLIGHTS
27 Apr 22
GRAINGER INCREASES QUARTERLY DIVIDEND BY 6%
27 Apr 22
Grainger Named to Fortune 100 Best Companies to Work For® in 2022
11 Apr 22
Analyst ratings and price targets
Current price
Average target
$458.00
Low target
$449.00
High target
$475.00
Morgan Stanley
Maintains
$449.00
RBC Capital
Maintains
$450.00
Wells Fargo
Maintains
$475.00
Calendar
28 Apr 22
26 Jun 22
31 Dec 22
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 364M | 364M | 364M | 364M | 364M | 364M |
Cash burn (monthly) | (no burn) | 16.5M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 47.42M | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 316.58M | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 19.2 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Jun 22 | Rodney C Adkins | Deferred Stock Units Common Stock | Grant | Acquire A | No | No | 487.07 | 19 | 9.25K | 5,190 |
1 Jun 22 | V Ann Hailey | Deferred Stock Units Common Stock | Grant | Acquire A | No | No | 487.07 | 51 | 24.84K | 14,609 |
1 Jun 22 | Jaspon Katherine D. | Deferred Stock Units Common Stock | Grant | Acquire A | No | No | 487.07 | 2 | 974.14 | 696 |
1 Jun 22 | Stuart L Levenick | Deferred Stock Units Common Stock | Grant | Acquire A | No | No | 487.07 | 75 | 36.53K | 21,403 |
1 Jun 22 | Neil S Novich | Deferred Stock Units Common Stock | Grant | Acquire A | No | No | 487.07 | 110 | 53.58K | 31,190 |
Institutional ownership, Q1 2022
74.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 842 |
Opened positions | 94 |
Closed positions | 79 |
Increased positions | 290 |
Reduced positions | 295 |
13F shares | Current |
---|---|
Total value | 18.17B |
Total shares | 37.83M |
Total puts | 287.9K |
Total calls | 185.7K |
Total put/call ratio | 1.6 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 5.18M | $2.67B |
BLK Blackrock | 3.92M | $2.02B |
CFS Investment Advisory Services | 2.47M | $5K |
STT State Street | 2.19M | $1.13B |
Clearbridge Advisors | 1.85M | $956.46M |
Longview Partners | 1.53M | $787.12M |
NTRS Northern Trust | 859.41K | $443.28M |
BAC Bank Of America | 841.24K | $433.9M |
Geode Capital Management | 835.73K | $430.03M |
BEN Franklin Resources | 684.81K | $353.22M |
Financial report summary
?Risks
- Disruptions in Grainger’s supply chain could result in an adverse impact on results of operations.
Management Discussion
- Noted in the table above for the twelve months ended December 31, 2020, the Company recorded a $177 million Fabory impairment charge and $109 million loss on the divestiture of the Fabory business in SG&A in the first and second quarters, respectively.
- Excluding restructuring, net, impairment charges and business divestitures for the twelve months ended December 31, 2020, adjusted SG&A and operating earnings for the full year 2021 were $3,173 and $1,547, an increase of $262 million and $220 million, or 9% and 17%, respectively, compared to the same period in 2020.
- Excluding the tax benefit related to Fabory, as well as the restructuring, net, impairment charges and business divestitures for the twelve months ended December 31, 2020, Grainger's adjusted effective tax rates were 25.0% and 25.3% for the twelve months ended December 31, 2021 and 2020, respectively. The Company's adjusted net earnings attributable to W.W. Grainger Inc. for the full year 2021 was $1,043 million, an increase of $166 million, or 19%, compared to the same period in 2020. Adjusted diluted earnings per share of $19.84 increased 23% compared to $16.18 for the twelve months ended December 31, 2020.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
7th grade Avg
|
New words:
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Removed:
absence, account, adding, addressing, adjusted, agriculture, allocation, amending, analyzing, application, assessing, baseline, bifurcated, build, calculating, Canadian, carried, Clarifying, codification, commenced, comparable, compare, consistency, consistent, consisting, Conversely, correcting, deductibility, deep, deferred, detail, determine, determined, disaggregated, divested, divestiture, elevated, eliminating, Euro, Europe, excluding, exist, expand, expertise, Fabory, facility, focused, Germany, impacted, Index, inherently, Joint, knowledge, liquidation, mature, meaningful, mining, noted, October, offer, operate, paused, people, performed, perspective, portfolio, PPE, predominately, Puerto, realize, recognition, redeem, redemption, reduction, refer, referencing, refining, reflective, relentlessly, remained, repay, replacing, restructuring, resuming, Rico, rooted, serving, shop, significantly, simple, Simplifying, soften, space, stage, standardized, statutory, streamlined, structure, substantially, supporting, swap, terminology, test, transition, transparent, unaudited, unpaid, variable, yield, Zoro, ZTE
Financial reports
Current reports
8-K
Submission of Matters to a Vote of Security Holders
29 Apr 22
8-K
Grainger Reports Results for the First Quarter 2022
28 Apr 22
8-K
Departure of Directors or Certain Officers
16 Feb 22
8-K
Grainger Reports Results for the Fourth Quarter and Full Year 2021
3 Feb 22
8-K
Grainger Reports Results for the Third Quarter 2021
29 Oct 21
8-K
Grainger Reports Results for the Second Quarter 2021
30 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
30 Apr 21
8-K
Grainger Reports Results for the First Quarter 2021
30 Apr 21
8-K
Departure of Directors or Certain Officers
19 Apr 21
8-K
Other Events
8 Mar 21
Registration and prospectus
S-8
Registration of securities for employees
27 Apr 22
424B2
Prospectus for primary offering
25 Feb 20
FWP
Free writing prospectus
21 Feb 20
424B5
Prospectus supplement for primary offering
21 Feb 20
S-3ASR
Automatic shelf registration
20 Feb 20
424B5
Prospectus supplement for primary offering
16 May 17
424B5
Prospectus supplement for primary offering
14 May 17
FWP
Free writing prospectus
14 May 17
424B5
Prospectus supplement for primary offering
9 May 16
424B5
Prospectus supplement for primary offering
8 May 16
Proxies
DEFA14A
Additional proxy soliciting materials
17 Mar 22
DEFA14A
Additional proxy soliciting materials
18 Mar 21
DEFA14A
Additional proxy soliciting materials
9 Apr 20
DEFA14A
Additional proxy soliciting materials
19 Mar 20
DEFA14A
Additional proxy soliciting materials
19 Mar 20
DEFA14A
Additional proxy soliciting materials
14 Mar 19
DEF 14A
Definitive proxy
14 Mar 19
Other
UPLOAD
Letter from SEC
4 Jul 18
CORRESP
Correspondence with SEC
24 Jun 18
UPLOAD
Letter from SEC
11 Jun 18
UPLOAD
Letter from SEC
25 Sep 16
CORRESP
Correspondence with SEC
15 Sep 16
UPLOAD
Letter from SEC
31 Aug 16
UPLOAD
Letter from SEC
4 Oct 15
CORRESP
Correspondence with SEC
24 Sep 15
UPLOAD
Letter from SEC
14 Sep 15
UPLOAD
Letter from SEC
15 May 13
Ownership
4
W.W. GRAINGER / Steven Andrew White ownership change
3 Jun 22
4
W.W. GRAINGER / Lucas E Watson ownership change
3 Jun 22
4
W.W. GRAINGER / Susan Slavik Williams ownership change
3 Jun 22
4
W.W. GRAINGER / ERNEST SCOTT SANTI ownership change
3 Jun 22
4
W.W. GRAINGER / MICHAEL JAMES ROBERTS ownership change
3 Jun 22
4
W.W. GRAINGER / Beatriz R Perez ownership change
3 Jun 22
4
W.W. GRAINGER / NEIL S NOVICH ownership change
3 Jun 22
4
W.W. GRAINGER / STUART L LEVENICK ownership change
3 Jun 22
4
W.W. GRAINGER / Katherine D. Jaspon ownership change
3 Jun 22
4
W.W. GRAINGER / V ANN HAILEY ownership change
3 Jun 22
Patents
Design
Computer display screen or portion thereof with graphical user interface
7 Jun 22
Inventors: Rahul Rahate, Matt Leigh
Design
Computer display screen or portion thereof with graphical user interface
7 Jun 22
Inventors: Rahul Rahate, Matt Leigh
Design
Computer display screen or portion thereof with graphical user interface
7 Jun 22
Inventors: Rahul Rahate, Matt Leigh
Design
Computer display screen or portion thereof with graphical user interface
7 Jun 22
Inventors: Rahul Rahate, Matt Leigh
Utility
System and Method for Providing Real-time Visual Search
13 Jan 22
A visual search uses information for identifying a product of interest to determine if the product of interest is present within a video being provided to the visual search engine.
Transcripts
2022 Q1
Earnings call transcript
28 Apr 22
2021 Q4
Earnings call transcript
3 Feb 22
2021 Q3
Earnings call transcript
29 Oct 21
2021 Q2
Earnings call transcript
30 Jul 21
2021 Q1
Earnings call transcript
30 Apr 21
2020 Q4
Earnings call transcript
3 Feb 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
23 Apr 20
2019 Q4
Earnings call transcript
30 Jan 20
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