Grainger (GWW) Tops Q2 EPS by 9c

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Go back to Grainger (GWW) Tops Q2 EPS by 9c

Grainger Reports Results For The 2017 Second Quarter

July 19, 2017 8:01 AM EDT

CHICAGO, July 19, 2017 /PRNewswire/ -- Grainger (NYSE: GWW) today reported results for the 2017 second quarter ended June 30, 2017.  Sales of $2.6 billion increased 2 percent versus $2.6 billion in the second quarter of 2016.  There were 64 selling days in the 2017 second quarter, the same as the 2016 second quarter.  Net earnings for the quarter of $98 million were down 43 percent versus $173 million in 2016.  Earnings per share of $1.67 declined 40 percent versus $2.79 in 2016. 

"The second quarter was in line with our expectations, as we saw continued volume growth from our strategic pricing initiatives in the United States.  We... More