Grainger (NYSE: GWW), Chicago, broad line distributor in North America, Japan and the United Kingdom, reported sales for its fiscal 2022 year were $15.2 billion, up 16.9% from the prior-year period. Net income was $1.55 billion, up 48.4% from 2021.
Don’t miss any content from Distribution Strategy Group. Join our list.
Grainger reported sales for its fiscal fourth quarter were $3.8 billion, up 13.2% from the prior-year period. Net income for the quarter was $384 million, up 36% from the prior-year period.
In the High-Touch Solutions N.A. segment, sales were up 16.8%, or 17.2% on a daily, constant currency basis versus the fourth quarter of 2021 driven by strong price realization and continued volume growth.
Read more: The 5 Growth Engines of Grainger’s High-Touch Solutions Division
In the Endless Assortment segment, sales were up 0.9%, or 18.2% on a daily, constant currency basis versus the fourth quarter of 2021. Growth in the segment was driven by strong new customer acquisition and repeat business for the segment, as well as enterprise customer growth at MonotaRO.