Grainger Reports Results for The 2014 Third Quarter

Grainger reported results for the 2014 third quarter ended September 30, 2014.  Sales of $2.6 billion increased 7 percent versus $2.4 billion in the 2013 third quarter. There were 64 selling days in the quarter, the same as in 2013. Net earnings for the third quarter increased 9 percent to $230 million versus $211 million in 2013. Earnings per share of $3.30 increased 12 percent versus $2.95
in 2013. "Strong volume growth and positive operating leverage in the U.S. business were the primary drivers of our results,” said Chairman, President and Chief Executive Officer Jim Ryan. With three quarters complete, the company lowered the top end of its sales and earnings per share guidance for 2014.  For 2014, the company now expects 5.0 to 5.5 percent sales growth and earnings per share of $12.20 to $12.30