Grainger Reports Results For The First Quarter 2021
Company delivers strong revenue and earnings growth and provides full year guidance as economic trends improve
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First Quarter Financial Highlights
Delivered sales of $3.1 billion, up 2.8%, and up 5.9% on an organic, daily, constant currency basis compared to the first quarter 2020 (excluding divestitures and foreign exchange)
Expanded reported and adjusted operating margins by 630 and 20 basis points, respectively
Generated $294 million in operating cash flow and returned $256 million to shareholders through dividends and share repurchases
Provides full year guidance: Total company daily revenue growth of 8.5-11.0% and earnings per share of $19.00-20.50 (growth of 17.5% to 26.5%)