Grainger (GWW) Tops Q2 EPS by 65c, Raises Guidance

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Go back to Grainger (GWW) Tops Q2 EPS by 65c, Raises Guidance

Grainger Reports Results For The 2018 Second Quarter

July 18, 2018 8:00 AM EDT

CHICAGO, July 18, 2018 /PRNewswire/ -- Grainger (NYSE: GWW) today reported results for the 2018 second quarter ended June 30, 2018. Sales of $2.9 billion increased 9.4 percent versus $2.6 billion in the second quarter of 2017. Operating earnings for the quarter of $344 million were up 50 percent versus $229 million in the 2017 second quarter. Earnings per share of $4.16 increased 149 percent versus $1.67 in the 2017 second quarter. Adjusted earnings per share of $4.37 increased 59 percent versus $2.74 in the 2017 second quarter. The improvement in earnings was driven mostly by higher sales, operating expense leverage, a lower tax rate and a lower share count.

Quarterly Financial Summary... More