Grainger (GWW) Provides Guidance
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Price: $1,371.07 -1.48%
EPS Growth %: +13.1%
Financial Fact:
Cost of merchandise sold: 1.56B
Today's EPS Names:
CCEL, FNGR, FAST, More
EPS Growth %: +13.1%
Financial Fact:
Cost of merchandise sold: 1.56B
Today's EPS Names:
CCEL, FNGR, FAST, More
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Grainger (NYSE: GWW) today held its Annual Analyst Meeting in Lake Forest, Illinois. Chairman, President and Chief Executive Officer, Jim Ryan hosted the event. The meeting also included presentations from other Grainger leaders.
"Grainger is well positioned to meet the needs of businesses and institutions as they look to manage the MRO products used to maintain their facilities. We continue to see significant potential to gain share in the global MRO market. We have a strong, deliberate strategy and are managing the business for the long-term, generating solid returns for our shareholders and running a healthy business regardless of the economic conditions," said Mr. Ryan.
As part of the meeting, Grainger provided the following outlook for sales and earnings in 2012 and 2013:
For the 2012 fourth quarter, the company is forecasting sales to increase 7 percent to 9 percent and expects earnings per share of $2.55 to $2.75.
The street sees EPS of $2.55.
For the full year 2012, the company reiterated its sales growth forecast of 11 percent to 12 percent, and narrowed its earnings per share guidance to a new range of $10.55 to $10.75*, excluding the reserve adjustment related to the expected settlement with the Department of Justice announced on October 16, 2012. This replaces the company's previous earnings per share guidance of $10.50 to $10.80 issued on July 18, 2012.
For the full year 2013, the company is forecasting sales growth of 2 percent to 8 percent and expects earnings per share of $10.85 to $12.00.
The street is at $12.01.
*Earnings per share guidance of $10.55 to $10.75 excludes $0.66 reserve adjustment related to the expected settlement with the Department of Justice announced on October 16, 2012.
"Grainger is well positioned to meet the needs of businesses and institutions as they look to manage the MRO products used to maintain their facilities. We continue to see significant potential to gain share in the global MRO market. We have a strong, deliberate strategy and are managing the business for the long-term, generating solid returns for our shareholders and running a healthy business regardless of the economic conditions," said Mr. Ryan.
As part of the meeting, Grainger provided the following outlook for sales and earnings in 2012 and 2013:
For the 2012 fourth quarter, the company is forecasting sales to increase 7 percent to 9 percent and expects earnings per share of $2.55 to $2.75.
The street sees EPS of $2.55.
For the full year 2012, the company reiterated its sales growth forecast of 11 percent to 12 percent, and narrowed its earnings per share guidance to a new range of $10.55 to $10.75*, excluding the reserve adjustment related to the expected settlement with the Department of Justice announced on October 16, 2012. This replaces the company's previous earnings per share guidance of $10.50 to $10.80 issued on July 18, 2012.
For the full year 2013, the company is forecasting sales growth of 2 percent to 8 percent and expects earnings per share of $10.85 to $12.00.
The street is at $12.01.
*Earnings per share guidance of $10.55 to $10.75 excludes $0.66 reserve adjustment related to the expected settlement with the Department of Justice announced on October 16, 2012.
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