2/13/2013 2:09:00 PM
NEWS BRIEF
Grainger daily sales in January increased 8%, including 3 percentage points from volume, 3 percentage points from price, 1 percentage point from sales of seasonal products and 1 percentage point from acquisitions.
Daily sales for the U.S. segment grew 7%, consisting of 3 percentage points from price, 2 percentage points from volume, 1 percentage point from sales of seasonal products and 1 percentage point from acquisitions. January marked the first month of sales from Techni-Tool Inc., which was acquired on December 31, 2012.
For U.S. customer end markets, heavy and light manufacturing, commercial, contractor and natural resources were up in the high single digits; government and retail were up in the mid-single digits; and reseller was down in the mid-single digits.
In Grainger’s Canadian segment, daily sales increased 10% in U.S. currency, consisting of 8 percentage point contribution from volume and a 2 percentage point contribution from foreign exchange. “Strong growth to customers in the Construction, Oil and Gas, Light Manufacturing and Commercial end markets contributed to this performance,” the company stated.
Daily sales for the company’s Other Businesses segment, which includes operations primarily in Asia, Europe and Latin America, increased 7% in January. This growth consisted of 6 percentage points from volume and price, 3 percentage points from acquisitions, partially offset by a 2 percentage point decline from unfavorable foreign exchange. ©2013 GlobalFastenerNews.com
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