Grainger (GWW) Tops Q3 EPS by 25c

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Go back to Grainger (GWW) Tops Q3 EPS by 25c

Grainger Reports Results For The 2018 Third Quarter

October 16, 2018 8:00 AM EDT

CHICAGO, Oct. 16, 2018 /PRNewswire/ -- Grainger (NYSE: GWW) today reported results for the third quarter ended September 30, 2018. Sales of $2.8 billion increased 7.4 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