W.W. Grainger (GWW) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared with both the immediately preceding quarter and the same period a year earlier. The growth rate year over year, while still positive, moderated from the pace seen in earlier quarters of the trailing twelve months.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased compared with both the immediately preceding quarter and the same period a year earlier. The growth rate year over year, while still positive, moderated from the pace seen in earlier quarters of the trailing twelve months.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.2B
Revenue reported for this quarter.
Quarter-over-quarter
+0.6%
Change from the immediately preceding quarter.
Year-over-year
+6.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $3.8B | +13.2% |
| Mar 31, 2023 | $4.1B | +12.2% |
| Jun 30, 2023 | $4.2B | +9.0% |
| Sep 30, 2023 | $4.2B | +6.7% |
Revenue performance
The sequential revenue increase was modest, reflecting a deceleration from the prior quarter's rate of change. Year-over-year revenue growth remained solid, supported by broad-based demand.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was slightly higher. Compared with the same quarter one year earlier, revenue was substantially higher, maintaining the upward trajectory.
What to watch
The company noted that operating cash flow improved due to higher net earnings and favorable working capital; continued strength in cash generation will be a key focus.