Grainger expects 4Q sales growth of 7% to 9%
Grainger expects sales for the 2012 fourth quarter to increase 7 percent to 9 percent and expects earnings per share of $2.55 to $2.75.
At its annual annual analyst meeting in Lake Forest, Illinois, the company reiterated its sales growth forecast of 11 percent to 12 percent for the full year, and narrowed its earnings per share guidance to a new range of $10.55 to $10.75.
For the full year 2013, the company is forecasting sales growth of 2 percent to 8 percent and expects earnings per share of $10.85 to $12.00.
"Grainger is well positioned to meet the needs of businesses and institutions as they look to manage the MRO products used to maintain their facilities. We continue to see significant potential to gain share in the global MRO market. We have a strong, deliberate strategy and are managing the business for the long-term, generating solid returns for our shareholders and running a healthy business regardless of the economic conditions," said chairman, president and chief executive officer, Jim Ryan.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
