Grainger (GWW) Provides Guidance
Tweet
Share
E-mailGet Alerts GWW Hot Sheet
Price: $1,322.64 +0.10%
Financial Fact:
Basic (in dollars per share): 3.07
Today's EPS Names:
SVBT, ZEO, OTLK, More
Financial Fact:
Basic (in dollars per share): 3.07
Today's EPS Names:
SVBT, ZEO, OTLK, More
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- Diana Shipping withdraws bid to acquire Genco Shipping
- Newton Golf Company (NWTG) Reports Q2 Loss of $0.49
Create E-mail Alert Related Categories
GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
