5/13/2014 10:52:00 AM
NEWS BRIEFS
Grainger Reports Organic Volume Gains

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Grainger reported sales, including fasteners, increased 5% in April.  

Results for the month included 1 percentage point from acquisitions, net of dispositions, and a 1 percentage point decline from unfavorable foreign exchange.  Excluding acquisitions and foreign exchange, organic sales increased 5, driven by 7 percentage points from volume, partially offset by 2 percentage points from the timing of the Easter holiday.   

United States

U.S. sales rose 7%, consisting of 7 percentage points from volume and 2 percentage points from acquisitions, net of dispositions, partially offset by 2 percentage points from the timing of the Easter holiday. The volume increase was primarily driven by strong growth to large customers.

Sales to Retail, Government, Heavy Manufacturing, Commercial and Light Manufacturing customers were up in the mid-single digits; Natural Resources and Reseller customer sales were up in the low single digits; and Contractor customer was down in the mid-single digits.

 

Canada

Sales in Canada decreased 12% in U.S. currency and were down 5 percent in local currency. Overall sales volume was flat, a sequential improvement from March which had a 4% volume decline. 

“Canada’s results continue to be affected by unfavorable foreign exchange, macroeconomic weakness and softness in natural resources,” the company stated.

Asia, Europe, and Latin America

Sales in the Other Businesses segment, which includes operations primarily in

Asia, Europe and Latin America, grew 18% in April. This growth consisted of 23 percentage points from volume and price, partially offset by a 4 percentage points decline from unfavorable foreign exchange and a 1 percentage point decline from the timing of the Easter holiday, primarily in Latin America. 

The majority of the growth came from Grainger’s online businesses, MonotaRO in Japan and Zoro in the U.S. ©2014 GlobalFastenerNews.com

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Related Links:

• Grainger