Grainger (GWW) Tops Q1 EPS by 32c

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Go back to Grainger (GWW) Tops Q1 EPS by 32c

Grainger Reports Results For The 2016 First Quarter

April 18, 2016 7:30 AM EDT

CHICAGO, April 18, 2016 /PRNewswire/ -- Grainger (NYSE: GWW) today reported results for the 2016 first quarter ended March 31, 2016.  Sales of $2.5 billion increased 3 percent versus $2.4 billion in the first quarter of 2015.  There were 64 selling days in the 2016 first quarter, one more than the 2015 first quarter.  On a daily basis, sales in the quarter increased 1 percent versus the prior year. Net earnings for the quarter of $187 million were down 12 percent versus $211 million in 2015.  Earnings per share of $2.98 declined 3 percent versus $3.07 in 2015. 

The first quarter contained the following restructuring items:... More