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|Grainger Provides Outlook At Analyst Meeting|
"We serve the needs of customers who are committed to keeping their facilities running and their people safe. The MRO market is large, highly fragmented and offers tremendous opportunity for growth," said Chairman, President and Chief Executive Officer
As part of the meeting, Grainger provided the following outlook for sales and earnings in 2015 and 2016, adjusted for charges and unusual items as reported by the company in its quarterly earnings releases:
Grainger also updated its longer term financial objectives. The company now expects operating margins of 14 to 15 percent by the year 2020. This improvement is expected to come from organic sales growth in the mid-single digits and long term operating margin expansion of approximately 30 basis points per year. For reference, Grainger's operating margin in 2015 is expected to be 13.2 to 13.3 percent excluding restructuring charges and unusual items as reported by the company in its quarterly earnings releases.
Information presented at the Annual Analyst Meeting, including details supporting the company's guidance and longer term expectations, can be found in the News and Events section of the Investor Relations web site, www.grainger.com/investor.
Important factors that could cause actual results to differ materially from our expectations include, among others: higher product costs or other expenses; a major loss of customers; loss or disruption of source of supply; increased competitive pricing pressures; failure to develop or implement new technologies or business strategies; the outcome of pending and future litigation or governmental or regulatory proceedings; investigations, inquiries, audits and changes in laws and regulations; disruption of information technology or data security systems; general industry or market conditions; general global economic conditions; currency exchange rate fluctuations; market volatility; commodity price volatility; labor shortages; facilities disruptions or shutdowns; higher fuel costs or disruptions in transportation services; natural and other catastrophes; unanticipated weather conditions; loss of key members of management; our ability to operate, integrate and leverage acquired businesses; and other factors which can be found in our filings with the
Forward-looking statements are given only as of the date of this release and we disclaim any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/grainger-provides-outlook-at-analyst-meeting-300177800.html
Media: Joseph Micucci, Director, Media Relations, O: 847-535-0879, M: 847-830-5328; Grainger Media Relations Hotline, 847-535-5678; Investors: Laura Brown, SVP, Communications & Investor Relations, O: 847-535-0409, M: 847-804-1383, William Chapman, Sr. Director, Investor Relations, O: 847-535-0881, M: 847-456-8647, Casey Darby, Sr. Manager, Investor Relations, O: 847-535-0099, M: 847-964-3281