6/14/2016 1:25:00 AM
NEWS BRIEFS
Grainger Sales Boosted By Acquisitions

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Grainger reported daily sales, including fasteners, increased 1% in May. The sales growth included a 4 percentage point contribution from Cromwell Group (Holdings) Limited, acquired September 1, 2015.  

Excluding acquisitions, organic daily sales declined 3%, driven by a 1 percentage point decrease in volume, a 1 percentage point decline in price, and a 1 percentage point negative impact from the wildfires in Alberta.  

During May, sales in the U.S. dropped 3%, while sales in Canada fell 20% and sales in Grainger’s Other Businesses segment (Europe, Asia and Latin America) jumped 44%.

In the opening quarter of 2016, Grainger sales increased 3% to $2.5 billion. Web: grainger.com

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