UBS Remains Sidelined on Grainger (GWW) as U.S. and Canada Drive EPS Miss
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Grainger Reports Results For The 2016 Second Quarter
July 19, 2016 7:30 AM EDTCHICAGO, July 19, 2016 /PRNewswire/ -- Grainger (NYSE: GWW) today reported results for the 2016 second quarter ended June 30, 2016. Sales of $2.6 billion increased 2 percent versus $2.5 billion in the second quarter of 2015. There were 64 selling days in the 2016 second quarter, the same as the 2015 second quarter. Net earnings for the quarter of $173 million were down 22 percent versus $221 million in 2015. Earnings per share of $2.79 declined 14 percent versus $3.25 in 2015.Â
Second quarter results contained the following special items that the company believes are not indicative of ongoing operations and have been removed to provide better comparability with... More
