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|Grainger Provides Outlook at Analyst Meeting|
As part of the meeting, Grainger provided the following outlook for sales and earnings in 2011 and 2012:
The company also reviewed its longer term operating margin objectives. Grainger reiterated its operating margin expansion target of approximately 50 basis points per year when organic sales grow in the mid to high single digits, and raised its long term operating margin target to a range of 15% to 17%, up from the previous objective of 14% to 16%.
Information presented at the Annual Analyst Meeting, including details supporting the company's guidance and longer term expectations, can be found in the archived web cast from the meeting available on Grainger's Investor Relations Web site at www.grainger.com/investor.
This document contains forward-looking statements under the federal securities law. Forward-looking statements relate to the company's expected future financial results and business plans, strategies and objectives and are not historical facts. They are generally identified by qualifiers such as "outlook", "EPS guidance", "range", "forecasting", "forecast", "expects", "intends", "objectives", "target", "goal" or similar expressions. There are risks and uncertainties, the outcome of which could cause the company's results to differ materially from what is projected. The forward-looking statements should be read in conjunction with the company's most recent annual report, as well as the company's Form 10-K, Form 10-Q and other reports filed with the
Media, Jan Tratnik, Director, Corp. Communications & Public Affairs, +1-847-535-4339, or Robb Kristopher, Director, Media Relations, +1-847-535-0879; or Investors, Laura Brown, Senior Vice President, Communications & Investor Relations, +1-847-535-0409; or William Chapman, Director, Investor Relations, +1-847-535-0881