Grainger reported sales, including fasteners, increased 5.1% to a record $4 billion in the fourth quarter of 2023.

In the High-Touch Solutions N.A. segment, sales rose 4.7%, driven by continued volume growth across all geographies.

In the Endless Assortment segment, sales grew 6%, driven by B2B customers across the segment as well as enterprise customer growth at MonotaRO, which was partially offset by declining sales to non-core, consumer-like customers at Zoro.

Full-year sales increased 8.2% to $16.5 billion, with gross profit gaining 3.8% to $1.56 billion and operating margin up 110 basis points to 15.6%. Web: grainger.com