Grainger (GWW) tops Q1 EPS by 7c, reiterates 2019 guidance

Grainger (NYSE: GWW) reported Q1 EPS of $4.51, $0.07 better than the analyst estimate of $4.44. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.88 billion.

"In the first quarter of 2019, we continued to demonstrate our ability to drive profitable growth. While our sales performance was softer than expected, largely due to a weaker demand environment, our SG&A leverage helped drive strong earnings growth in the quarter," said DG Macpherson, Chairman and Chief Executive Officer. "We remain confident in our ability to gain share and generate SG&A leverage in 2019. We are reiterating our 2019 total company guidance ranges, including sales growth of 4 to 8.5 percent and operating margin of 12.2 percent to 13 percent."

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

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