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SECURITY: GWW (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US $
W.W. Grainger, Inc. with
2007 sales of $6.4 billion is the leading broad line supplier of facilities
maintenance products serving businesses and institutions in the United
States, Canada, Mexico and China. Through a highly integrated network including
more than 600 branches, 18 distribution centers and multiple Web sites,
Grainger's employees help customers get the job done.
http://www.grainger.com/
Grainger
Reports August 2008 Sales Results
CHICAGO,
Sept. 11 /PRNewswire-FirstCall/ -- Grainger (NYSE: GWW) today reported
sales results for the month of August 2008. Daily sales grew 7 percent
versus August 2007. Sales benefited by approximately 1 percentage point
due to Lab Safety's acquisition of Highsmith. Sales were negatively affected
by approximately 2 percentage points due to a decline in sales of seasonal
products. There were two less selling days in August 2008 (21) versus August
2007 (23). The 2008 third quarter will have 64 selling days, which is one
more selling day than the 2007 third quarter.
August Daily Sales by Segment
2008 v. 2007
Grainger Branch-based
+6 %
Acklands - Grainger (Canada)
+12 %
Lab Safety Supply
Grainger
Reports July 2008 Sales Results
CHICAGO,
Aug. 12 /PRNewswire-FirstCall/ -- Grainger (NYSE: GWW) today reported sales
results for the month of July 2008. Daily sales grew 11 percent versus
July 2007 including a 1 percentage point benefit from foreign currency
primarily due to the strength of the Canadian dollar. Sales were negatively
affected by approximately 1 percentage point due to softer sales of seasonal
products. Sales were positively affected by approximately 1 percentage
point due to Lab Safety Supply's acquisition of Highsmith, Inc., on July
10th. There was one more selling day in July 2008 (22) versus July 2007
(21). The 2008 third quarter will have 64 selling days versus 63 in the
2007 third quarter
Grainger
Reports Earnings Per Share of $1.17 for the 2007 First Quarter
Company adjusts 2007
EPS forecast to reflect strong first quarter
Highlights
Sales up 9 percent
Net earnings up 18 percent
EPS up 26 percent
Repurchased 1.2 million
shares
Generated pretax ROIC
of 28.8 percent*
Visit http://www.grainger.com/investor
to access a Podcast describing Grainger's performance in more detail.
CHICAGO, April 16 /PRNewswire-FirstCall/
-- Grainger (NYSE: GWW) today reported record first quarter sales and earnings
for the quarter ended March 31, 2007. Sales of $1.5 billion were up 9 percent
versus first quarter 2006. Net earnings for the quarter increased 18 percent
to $102 million as compared to $86 million in 2006. Earnings per share
grew 26 percent to $1.17, a quarterly record, as compared with $0.93 for
the 2006 first quarter.
"We're executing well
on our strategy and our investments in growth are paying off," said Grainger's
Chairman and Chief Executive Officer Richard L. Keyser. "With this strong
start to the year, we are raising the bottom end of our previous guidance
by 10 cents. We now expect 2007 earnings per share to be in the range of
$4.70 to $4.85."
Keyser added, "We continue
to gain share in this fragmented industry by serving our existing customers
well and leveraging our supply chain, branch network and sales resources
to find and serve new customers. We expect to earn more business by helping
customers get the job done."
Daily sales increased
8 percent in January, 10 percent in February and 9 percent in March. The
company's sales were positively affected by 1 percentage point due to strong
sales of seasonal products and negatively affected by 1 percentage point
as the company continues to unwind low margin contracts for automotive
and integrated supply customers.
Grainger Branch-based
segment
Sales in this segment,
which includes branch-based businesses in the United States, Mexico and
China, increased 10 percent in the 2007 first quarter. Daily sales in this
segment grew by 9 percent in January, 11 percent in February and 11 percent
in March.
For the quarter, sales
growth in the segment was reduced by approximately 2 percentage points
due to the continued wind-down of low margin contracts with integrated-supply
and automotive customers. As the remaining contracts are exited throughout
the year, the company expects the wind-down to negatively affect sales
by 1 percentage point for the full year 2007.
During the quarter, the
company opened two new full service branches in the United States, bringing
the total number of branches in the segment to 440:
First Quarter 2007 Branch Summary
12/31/06 Opened
Closed 3/31/07
United
States
Branch
408 2
410
Will Call Express
20
20
Mexico
8
8
China
Branch
1
1
Will Call Express
1
1
Total
438 2
0 440
Sales in the United States
increased 10 percent, with growth coming from all customer end-markets.
The strongest sales growth came from government customers followed by commercial
markets. Another 1 percentage point of growth came from sales of seasonal
products related to the cold weather experienced across much of the country
during the quarter.
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