9/24/2012 1:24:00 PM
HEADLINES
Grainger Reports Double-Digit Sales Growth
August figures point to gains in both volume and price, while September has delivered surprising results so far
Grainger reported sales in August grew 10%, including a 4 percentage point contribution from acquisitions and a 1 percentage point decline from foreign exchange.
Organic sales increased 7%, boosted by 4 percentage points from volume and 4 percentage points from price.
Sales to the U.S. gained 4% in August. Grainger said sales to manufacturing customers improved “in the high single digits,” while commercial and government revenue rose to the “mid single digits.”
Sales in Canada increased 12%, boosted by “strong growth” in commercial, construction, oil & gas, forestry and utilities end markets.
Sales in the company’s “Other Businesses” segment jumped 85%, driven by contributions from acquisition and “strong” revenue growth in Japan and Mexico.
Celebrating the anniversary of its Fabory acquisition, Grainger said Fabory revenue has contributed about 4 percentage points to overall Grainger sales growth in the last 12 months.
Grainger said sales growth in September is “running ahead” of the company’s growth rate in August, boosting by “stronger” sales to the government.
“Beyond government, each of the remaining customer end-markets in the United States is showing improvement versus August.” ©2012 GlobalFastenerNews.com
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