W.W. Grainger, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 30, 2021 at 08:04 am EDT
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W.W. Grainger, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 3,207 million compared to USD 2,837 million a year ago. Operating income was USD 334 million compared to USD 205 million a year ago. Net income was USD 225 million compared to USD 114 million a year ago. Basic earnings per share from continuing operations was USD 4.3 compared to USD 2.11 a year ago. Diluted earnings per share from continuing operations was USD 4.27 compared to USD 2.1 a year ago. For the half year, sales was USD 6,291 million compared to USD 5,838 million a year ago. Operating income was USD 692 million compared to USD 364 million a year ago. Net income was USD 463 million compared to USD 287 million a year ago. Basic earnings per share from continuing operations was USD 8.8 compared to USD 5.31 a year ago. Diluted earnings per share from continuing operations was USD 8.76 compared to USD 5.29 a year ago.
W.W Grainger, Inc. specializes in professional distribution of industrial supplies and equipment. The group supplies businesses and institutions with maintenance equipment, industrial safety supplies, service and maintenance parts, lighting products, ventilation equipment, pumps and plumbing products, etc.
At the end of 2020, products are marketed through a network of 407 branches (of which 287 in the United States and 49 in Canada), 29 distribution centers (of which 17 in the United States and 5 in Canada), through catalogues and the Internet.
Net sales are distributed geographically as follows: the United States (72.6%), Canada (4%) and other (23.4%).
W.W. GRAINGER, INC. 
