6/13/2015 1:03:00 PM
NEWS BRIEFS
Grainger Reports “Flat” May Sales
Grainger reported daily sales, including fasteners, were flat in May.
Results for the month included 1 percentage point from acquisitions and a 3 percentage point decline from unfavorable foreign exchange.
Excluding acquisitions and foreign exchange, organic sales increased 2%, driven by 3 percentage points from volume, partially offset by a 1 percentage point decline in price.
During Q1 Grainger reported sales, including fasteners, increased 2% to $2.4 billion, including a 1 percentage point increase from acquisitions and a 3 percentage points reduction from foreign exchange. Excluding acquisitions and foreign exchange, organic sales increased 4% on volume.
Q1 net earned declined 3% to $211 million and EPS was flat at $3.07.
“This was a challenging quarter,” CEO Jim Ryan stated in April. “Our results were affected by continued headwinds from the strong U.S. dollar and weakness in the oil and gas sector in North America.”
Related Stories:
• Fastenal Sales Growth Slows in May
• Fastenal Co. Acquires Cardinal Fastener
• Grainger Names Macpherson as COO
Related Links:
• Grainger
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