Grainger reported sales, including fasteners, increased 18.2% to $3.6 billion in the first quarter of 2022, driven by strong performance in the High-Touch Solutions N.A. and Endless Assortment segments.

Operating earnings climbed 49.2% to $534 million in Q1, while net earnings gained 54% to $366 million.

“The Grainger team performed extremely well in the first quarter, with strong financial results supported by a robust demand environment,” stated CEO DG Macpherson. “Despite the ongoing inflationary and supply chain challenges, we are well positioned for a successful year.” Web: Grainger.com