Grainger sales up 1 percent
Grainger reported sales of $2.9 billion in the second quarter increased 1 percent versus the 2018 second quarter.
On a constant currency basis, sales were up 2 percent.
Net earnings of $260 million, or $4.67 per diluted share, compared to $237 million, or $4.16, in the second quarter of 2018.
"We continued to demonstrate our ability to generate profitable growth in the second quarter of 2019. Despite slower than expected global economic growth and our significant investment in the endless assortment model, we drove strong operating results and cash flow," said DG Macpherson, chairman and chief executive officer. "We gained share in the first half of the year at a modest pace, and we remain confident in our ability to accelerate our growth versus the market for the remainder of the year as our top line initiatives continue to take hold."
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
