8/10/2012 10:39:00 AM
NEWS BRIEFS
Price Gains Drive Grainger Sales Jump
Grainger reported July sales increased 11%, including a 5 percentage point contribution from acquisitions and a 2 percentage point decline from foreign exchange.
Organic sales on a daily basis increased 8%, boosted by 4 percentage points from volume and 4 percentage points from price.
Grainger reported record results for the second quarter of 2012, with sales gaining 12% to $2.2 billion, operating earnings rising 18% to $314 million and net earnings growing 12% to $191 million.
For the first six months of 2012 Grainger sales grew 14% to $4.4 billion, with net earnings increasing 15% to $378 million. ©2012 GlobalFastenerNews.com
Related Stories:
Share: