FX.co ★ Grainger Expects Annual Earnings, Sales To Climb; Aims To Repurchase Up To $1.1 Bln Of Shares

W.W. Grainger Inc., known for supplying industrial equipment and associated products, shared its annual financial outlook alongside its earning reports for the fourth quarter this past Friday. The company also declared its plans to buy back shares worth between $0.9 billion and $1.1 billion in 2024.

The company's yearly forecast anticipates a net income per share ranging from $38 to $40.50, which showcases an increase from the $36.23 per share reported for the entirety of 2023. A poll consisting of 16 analysts, conducted by Thomson Reuters, anticipates an average of $38.65 earnings per share for the year, typically excluding uncommon or non-recurring items.

Grainger projects yearly sales within the ballpark of $17.2 billion to $17.7 billion, consistent with the analysts' average projection of about $17.5 billion. When looking back at the full-year earning of 2023, the company reported sales worth $16.478 billion.