Grainger (GWW) Tops Q4 EPS by 37c, Revenues Miss; Offers FY19 EPS Outlook

Grainger (NYSE: GWW) reported Q4 EPS of $3.96, $0.37 better than the analyst estimate of $3.59. Revenue for the quarter came in at $2.76 billion versus the consensus estimate of $2.81 billion.

"2018 was a year of focus and achievement for Grainger. Across the business, we executed on our long-term strategy and enhanced our relationships with customers. Our key accomplishments included U.S. segment volume growth of 8 percent, a profitable fourth quarter for the Canadian business and double-digit revenue growth for our single channel businesses, all while reducing our cost structure across the organization. In addition, we delivered 12 percent company operating margin a year earlier than anticipated. I'm extremely proud of our team members and what they have accomplished," said DG Macpherson, Chairman and Chief Executive Officer. "We remain confident in our ability to drive volume growth above the market and generate operating expense leverage in 2019 and beyond. Consistent with our previous projections, we expect 12.2 to 13.0 percent operating margin for the company in 2019."

GUIDANCE:

Grainger sees FY2019 EPS of $17.10-$18.70, versus the consensus of $18.07.

For earnings history and earnings-related data on Grainger (GWW) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Sinda raises $331M in IPO, reports Q2 net loss of $16.6M
• Reading (RDI) Tops Q2 EPS by 4c