Grainger (GWW) Tops Q3 EPS by 7c; Trims FY16 Outlook

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Go back to Grainger (GWW) Tops Q3 EPS by 7c; Trims FY16 Outlook

Grainger Reports Results For The 2016 Third Quarter

October 18, 2016 7:30 AM EDT

CHICAGO, Oct. 18, 2016 /PRNewswire/ -- Grainger (NYSE: GWW) today reported results for the 2016 third quarter ended September 30, 2016.  Sales of $2.6 billion increased 3 percent versus $2.5 billion in the third quarter of 2015.  There were 64 selling days in the 2016 third quarter, the same as the 2015 third quarter.  Net earnings for the quarter of $186 million were down 3 percent versus $192 million in 2015.  Earnings per share of $3.05 increased 4 percent versus $2.92 in 2015. 

Third quarter results contained the following special items that the company believes are not indicative of ongoing operations and have been adjusted to provide better comparability with... More