Grainger reported sales, including fasteners, increased 4.3%, or 4% on a daily, organic constant currency basis, to $4.38 billion in a “slow, but steady demand market” during the third quarter of 2024.

“Increased revenue for the segment was driven by growth in all geographies and included broad-based gains across most customer end markets,” the distribution giant stated.

Q3 operating earnings rose 2.8% to $686 million, while operating margin dipped 30 basis points to 15.6%.

Sales during the first nine months gained 3.6% to $12.9 billion. Operating and net earnings were flat. Web: grainger.com