Grainger (GWW) Tops Q4 EPS by 9c
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Grainger Reports Results For Year Ended December 31, 2016
January 25, 2017 7:30 AM ESTCHICAGO, Jan. 25, 2017 /PRNewswire/ -- Grainger (NYSE: GWW) today reported results for the year ended December 31, 2016. Sales of $10.1 billion were up 2 percent versus $10 billion in 2015. Reported net earnings of $606 million declined 21 percent versus $769 million in 2015. Reported earnings per share of $9.87 were down 15 percent versus $11.58 in 2015.Â
"In 2016 we faced a challenging demand environment compounded by a lack of inflation, which put pressure on revenue and gross margins. In the face of this pressure, we effectively managed expenses while making moves to improve our long-term competitiveness," said DG Macpherson, Chief Executive Officer. "Our... More
