Grainger reported sales, including fasteners, rose 7.2% to $3 billion in the opening quarter of 2020, with volume increases of approximately 7% and price and mix headwinds of 2%.  Operating earnings declined 56% to $159 million, while net earnings down 31% to $173 million.

“In the midst of the uncertainty, we delivered robust top-line growth, solid profitability, and continued to produce strong operating cash flow in the first quarter,” stated CEO DG Macpherson. 

“We also bolstered our already solid financial position, maintaining our flexibility to continue making thoughtful investments for the future.”  Web: Grainger.com