Grainger (NYSE: GWW), Chicago, IL, reported results for the first quarter of 2022 with sales of $3.6 billion, up 18.2% from the prior-year period. Sales results were driven by strong performance in the High-Touch Solutions N.A. and Endless Assortment segments.
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Profit was $366 million, compared with $238 million last year.
“The Grainger team performed extremely well in the first quarter, with strong financial results supported by a robust demand environment. We continued to execute against our key growth initiatives, drive operational excellence and strengthen our culture. Despite the ongoing inflationary and supply chain challenges, we are well-positioned for a successful year,” Grainger Chairman and CEO DG Macpherson says.