WW Grainger hits three-month high on Q1 profit beat

WW Grainger

01/05/2025 14:53

** Shares of industrial toolmaker WW Grainger GWW.N rise more than 5% to $1,080.07 per share, highest since January 30

** GWW marks its biggest intraday pct jump since April 9

** GWW posts Q1 earnings per share of $9.86, ahead of analysts' estimates of $9.49, per LSEG data

** Reiterates FY25 outlook; says it is confident in ability to weather tariff impact

** Sales at online-only "Endless Assortment" unit rise 10%, while daily sales at High-Touch Solutions segment grow 1.9%

** Announces quarterly dividend of $2.26 per share, 10% higher than what it paid in previous quarter

** Q1 sales of $4.31 billion vs estimates of $4.32 billion

** GWW down ~3% so far this year, as of last close

(Reporting by Sameer Manekar in Bengaluru)

((Sameer.Manekar@thomsonreuters.com;))