10-KPeriod: FY2010

W.W. GRAINGER, INC. Annual Report, Year Ended Dec 31, 2010

Filed February 28, 2011For Securities:GWW

Summary

W.W. Grainger, Inc. (GWW) filed its 2010 10-K on February 27, 2011, reporting on its operations for the fiscal year ending December 30, 2010. The filing provides a comprehensive overview of the company's business segments, including its significant presence in the United States and Canada, along with other international operations. Investors can gain insights into Grainger's competitive landscape, strategic initiatives, and the inherent risks associated with its business, such as economic downturns and competitive pressures. The Management's Discussion and Analysis (MD&A) section is crucial for understanding the company's financial performance and condition. It details the results of operations, financial condition, and liquidity, offering management's perspective on the factors influencing the company's financial health. The Selected Financial Data and Financial Statements provide the quantitative basis for this analysis. Investors should pay close attention to the risk factors outlined, as they highlight potential challenges that could impact future profitability and growth.

Financial Highlights

53 data points
Beta

Revenue

$7.18B

41.8% Gross Margin

Net Income

$510.87M

7.1% Net Margin

EPS (Diluted)

$6.93

Total Assets

$3.90B

Cash & Equivalents

$313.45M

Free Cash Flow

$469.32M

Financial Statements
Beta
Revenue$7.18B
Cost of Revenue$4.18B
Gross Profit$3.01B
SG&A Expenses$2.15B
Operating Income$860.48M
Interest Expense$8.19M
Net Income$510.87M
EPS (Basic)$7.05
EPS (Diluted)$6.93
Shares Outstanding (Basic)70.84M
Shares Outstanding (Diluted)72.14M

Key Highlights

  • 1W.W. Grainger operates primarily as a distributor of maintenance, repair, and operating (MRO) products and services for businesses and institutions, with a strong U.S. and Canadian presence.
  • 2The company's business is subject to seasonality, with potential fluctuations in demand throughout the year.
  • 3Key risks identified include economic conditions, competitive pressures in the distribution industry, and the company's ability to maintain its market position.
  • 4The MD&A section provides management's perspective on the company's financial condition, results of operations, and liquidity for the fiscal year 2010.
  • 5The filing includes selected financial data and detailed financial statements, offering a quantitative overview of the company's performance.
  • 6Grainger offers website access to company reports, indicating a commitment to transparency and accessibility for investors.

Frequently Asked Questions

W.W. Grainger's primary business is the distribution of maintenance, repair, and operating (MRO) products and services. The company has a significant presence in the United States and Canada, and also operates other businesses internationally.

Key risks include the impact of economic conditions on business spending, intense competition within the MRO distribution market, and the company's ability to adapt to changing market dynamics and maintain its competitive advantage.

Detailed financial performance information can be found in Part II of the 10-K, specifically in Item 6 (Selected Financial Data) and Item 8 (Financial Statements and Supplementary Data). Item 7 (Management's Discussion and Analysis) provides management's qualitative and quantitative analysis of the company's financial condition and results of operations.

Yes, the filing indicates that the company's business is subject to seasonality, which can lead to fluctuations in sales and earnings throughout the fiscal year.