Revises 2015 Guidance
- Sales of $2.4 billion, up 2 percent
- Operating earnings of $351 million, down 1 percent
- EPS of $3.07, flat to prior year
- Adjusted EPS of $3.10, up 1 percent excluding $0.03 per share restructuring costs
- Repurchased 634,000 shares
CHICAGO, April 16, 2015 /PRNewswire/ -- Grainger (NYSE: GWW) today reported results for the 2015 first quarter ended March 31, 2015. Sales of $2.4 billion increased 2 percent versus $2.4 billion in the first quarter of 2014. There were 63 selling days in the 2015 first quarter, the same number as the 2014 first quarter. Net earnings for the quarter declined 3 percent to $211 million versus $217...
CHICAGO, April 16, 2015 /PRNewswire/ -- Grainger (NYSE:GWW) announced today that its Board of Directors has approved the purchase of $3 billion of its common stock over the next three years. The share repurchase will be financed with a combination of cash and the issuance of new, permanent debt. In addition, the Board increased the repurchase authorization to 15 million shares. This replaces a prior program of 10 million shares approved in April 2014.
"This program reflects our confidence in the business and future prospects of the company and better optimizes our balance sheet," said Chairman, President and Chief Executive Officer Jim Ryan. "We are committed to creating shareholder...
CHICAGO, March 12, 2015 /PRNewswire/ -- Grainger (NYSE: GWW) today reported sales results for the month of February 2015. Sales increased 2 percent versus February 2014. Results for the month included 1 percentage point from acquisitions and a 3 percentage point decline from unfavorable foreign exchange. Excluding acquisitions and foreign exchange, organic sales increased 4 percent driven by 4 percentage points from volume and a 2 percentage point benefit from favorable comparability to the business disruptions in February 2014 due to extreme weather. This increase was partially offset by a 1 percentage point decline in price and a 1 percentage point decline from winter storms in Februar...
CHICAGO, March 4, 2015 /PRNewswire/ -- Grainger (NYSE: GWW), the leading broad line supplier of maintenance, repair and operating (MRO) products serving businesses and institutions, today announced it earned the number one ranking on FORTUNE magazine's 2015 List of World's Most Admired Companies in the category of Wholesalers: Diversified. This ranking is consistent with 2014, when the company also earned the top spot in this category.
"At Grainger, we are committed to building a workplace where dedicated, talented people can thrive and serve customers, colleagues and business partners with excellence," said Grainger's Senior Vice President and Chief People Officer, Joseph High. "This r...
W.W. Grainger, Inc., with 2014 sales of $10 billion, is North America's leading broad line supplier of maintenance, repair and operating products, with operations also in Asia, Europe and Latin America.. Learn more about the company or view our fact sheet.