Industrial supply company W.W. Grainger Inc. said Thursday that first-quarter net income soared 59 percent, causing the company to raise its full-year revenue and earnings forecasts. Get the full story »
W.W. Grainger
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Grainger January sales rise 10%
Industrial maintenance and safety products supplier WW Grainger Inc. reported January daily sales growth of 10 percent, mainly driven by strong sales at its heavy manufacturing and reseller end markets in the United States.
The United States, which is the Lake Forest-based company’s largest market, posted sales growth of 6 percent, while sales in Canada were up 24 percent. Get the full story »
Oil spill boosts Grainger 4Q profit
Selling products used to help clean up oil spills enabled Chicago-based W.W. Grainger Inc. to report a double-digit sales gain and a 36 percent increase in fourth-quarter net earnings, the company said Tuesday. Get the full story »
Grainger sells library supplies brand to DEMCO
Industrial products supplier WW Grainger Inc. said it sold its library supplies brand Highsmith to DEMCO Inc and is considering the sale of four more specialty brands.
The company, which offers almost everything from abrasives to refrigerants, said it may sell Professional Equipment, Construction Book Express, McFeely’s and Rand — which along with Highsmith accounted for one percent of its revenue.
Chicago-based Grainger said it will continue to invest in the remaining brands including Lab Safety Supply, Imperial, Gempler’s, Ben Meadows and AW Direct, and look for acquisitions. Get the full story »
Grainger 3Q earnings up 4%, topping estimates
WW Grainger Inc. posted better-than-expected quarterly results and raised its full-year outlook for the second time this year, but its shares fell 3 percent as the industrial distributor forecast a moderation in fourth-quarter organic revenue growth. Get the full story »
Analyst downgrades W.W. Grainger
An FBR Capital Markets analyst on Tuesday cut his rating on shares of W.W. Grainger Inc., saying the facilities maintenance company’s stock is too expensive in light of slowing economic growth and an expectation for tougher sales comparisons for the rest of the year.
Oil spill drives Grainger August sales up 20%
W.W. Grainger Inc.’s August daily sales rose 20 percent as it continued to benefit from the oil spill clean up in the Gulf of Mexico, but the industrial distributor said sales for the first week of September were slowing sequentially. Get the full story »
Currency, acquisitions boost Grainger sales in July
W.W. Grainger reported a large increase in daily sales for last month, with some of the gain attributed to acquisitions and foreign exchange rates. Get the full story »
Grainger beats 2Q estimates, raises outlook
Industrial distributor W.W. Grainger Inc. posted better-than-expected quarterly results, helped by strong sales growth in the United States and Canada, and raised its outlook for 2010. The company expects full-year earnings of $6.10 to $6.40 a share, excluding special items, on sales growth of 12 percent to 14 percent. Get the full story »
Grainger makes move into Colombia
W.W. Grainger Inc. has formed a joint venture with an affiliate of Torhefe S.A. to expand in Latin America, the industrial maintenance company said Monday.
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