Grainger (NYSE: GWW), Chicago, broad line distributor in North America, Japan and the United Kingdom, reported sales for its 2023 first quarter were $4.1 billion, up 12.2% from the prior-year period.
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Net income for the quarter was $680 million, up 27% from the prior-year period.
The High-Touch Solutions N.A. segment daily sales were up 14.5% compared to the prior year. The Endless Assortment segment daily sales were up 3.8% or 14.0% on a daily, constant currency basis.
“The team continues to perform well amidst a resilient demand environment. Both segments delivered strong growth and expanded margins while we continued to invest in our growth engines and provide exceptional customer service,” said D.G. Macpherson, Chairman and CEO.
