By Rob Curran
W.W. Grainger logged a 20% increase in fourth-quarter net income as growth in sales of industrial goods outpaced rising costs.
The Chicago distributor of industrial supplies and maintenance services posted earnings of $475 million, or $9.71 a share, up from $395 million, or $7.89 a share, a year earlier, but slightly shy of the average analyst peg of $9.74 a share, per FactSet.
Sales rose 5.9% to $4.23 billion, more or less in line with the average Wall Street target of $4.24 billion. Cost of goods sold rose 5% to $2.56 billion.
For 2025, GWW Grainger forecast earnings in a range between $39 and $41.50 a share. Grainger projected sales of $17.6 billion to $18.1 billion for the year, which would be between 2.7% and 5.2% higher than in 2024.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
January 31, 2025 08:31 ET (13:31 GMT)
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