Grainger (GWW) Tops Q3 EPS by 25c
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Grainger Reports Results For The 2018 Third Quarter
October 16, 2018 8:00 AM EDTCHICAGO, Oct. 16, 2018 /PRNewswire/ -- Grainger (NYSE: GWW) today reported results for the third quarter ended September 30, 2018. Sales of $2.8 billion increased 7.4Â percent versus $2.6 billion in the third quarter of 2017. Normalizing for foreign exchange and the impact of hurricanes, sales increased 8.2 percent versus the third quarter of 2017.
Reported earnings contained $139 million in non-cash impairment charges relating to the Cromwell business in the U.K., reflecting a slower growth trajectory and structural issues. These issues include prolonged Brexit uncertainty that impacted the market outlook and higher discount rates, which together account... More
