$GWW (W.W. Grainger, Inc.)

$GWW {{ '2015-11-12T20:11:58+0000' | timeago}} • Announcement

Industrial machinery and equipment supplier $GWW said its October month's daily sales fell 1% YoverY with organic daily sales declining 2%, driven by a drop in pricing and lower sales of safety products. Further, it also reported sales declines in U.S. and Canada of 3% and 25% respectively compared to last year same month.

$GWW {{ '2017-12-15T21:44:02+0000' | timeago}} • Announcement

$GWW announced the appointment of Mark Lohman to the role of Chief Information Security Officer (CISO).

$GWW {{ '2017-10-25T20:19:12+0000' | timeago}} • Announcement

$GWW declared a cash dividend of $1.28 per share payable on Dec. 1, 2017, to shareholders of record on Nov. 13, 2017.

$GWW {{ '2017-10-18T13:18:39+0000' | timeago}} • Infographic

$GWW W.W. Grainger, Inc. Earnings AlphaGraphic: Q3 2017 Highlights

$GWW {{ '2017-10-18T12:21:01+0000' | timeago}} • Announcement

$GWW now expects FY17 sales growth of 1.5 - 2.5% and EPS of $10.40 - 10.90. The midpoint of the EPS guidance remains unchanged at $10.65.

$GWW {{ '2017-10-18T12:15:24+0000' | timeago}} • Announcement

Industrial supply company $GWW's sales in 3Q17 inched up 2% to $2.6Bil, driven by volume growth in its US business. But higher costs during the quarter weighed on its earnings, which fell 13% to  $186MM, or $2.79 per share. Excluding special costs, $GWW's earnings slid 5% to $2.90 per share during the quarter.

$GWW {{ '2017-08-02T15:17:49+0000' | timeago}} • Announcement

$GWW said its CEO D G Macpherson will assume the additional role of Chairman of the BoD, effective October 1, 2017, upon the retirement of Jim Ryan. Macpherson joined Grainger in 2008 after working on behalf of the company at Boston Consulting Group as a partner and managing director for six years.

$GWW {{ '2017-07-26T17:21:48+0000' | timeago}} • Announcement

The BoD of $GWW declared a cash dividend of $1.28 per share, payable on Sept 1, 2017, to shareholders as on Aug 14, 2017.

$GWW {{ '2017-07-25T21:44:58+0000' | timeago}} • Announcement

$GWW has appointed Beatriz R. Perez, SVP & Chief Public Affairs, Communications and Sustainability Officer of $KO, to its Board of Directors.

$GWW {{ '2017-07-19T19:32:05+0000' | timeago}} • Webcast

In the US segment, $GWW said it expects volume growth of 6-8% in the back half of the year, based on price changes. The company, meanwhile, did not give a month-wise update on volume growth.

$GWW {{ '2017-07-19T18:59:11+0000' | timeago}} • Webcast

$GWW said its mid-size customer volume continued to accelerate throughout 2Q17 and was positive for the first time in five years during the quarter. The company added that currently, about 50% of the mid-size customer volume is on more competitive pricing.

$GWW {{ '2017-07-19T14:00:08+0000' | timeago}} • Infographic

$GWW W.W. Grainger, Inc. Earnings AlphaGraphic: Q2 2017 Highlights

$GWW {{ '2017-07-19T12:44:44+0000' | timeago}} • Announcement

$GWW's sales for the US segment were up 1% YoY in 2Q17, driven by a 5 percentage point increase from volume. Canada segment sales fell 3% in US dollars, while sales for the Other Businesses increased 11% during this period.

$GWW {{ '2017-07-19T12:41:24+0000' | timeago}} • Announcement

In the US segment, $GWW's gains from the sale of assets in 2Q17 were offset by restructuring costs. The Canadian business announced plans to close 59 branches in 2017 as part of restructuring. $GWW also announced the wind-down of its business in Colombia. Restructuring items represented $1.07 per share in charges.  Excluding them, EPS decreased 5%.

$GWW {{ '2017-07-19T12:37:57+0000' | timeago}} • Announcement

$GWW CFO Ron Jadin announced that he will be retiring at 2017-end. Jadin joined Grainger in 1998 and has served in various financial roles including as CFO since 2008.

$GWW {{ '2017-07-19T12:34:09+0000' | timeago}} • Announcement

Despite a drastic fall in earnings in 2Q17, $GWW reiterated its 2017 sales and EPS guidance of sales growth of 1-4% and adjusted EPS of $10-11.30. CEO DG Macpherson said, "Outside the US, we took aggressive action to streamline our portfolio and focus on profitable businesses. Based on what we are seeing, we are reiterating our 2017 guidance."

$GWW {{ '2017-07-19T12:26:52+0000' | timeago}} • Announcement

Industrial supplies company $GWW saw 43% fall in net earnings in 2Q17, even as sales increased 2% to $2.61Bil. The sales growth during the quarter was spurred by its continued volume growth from the pricing initiatives in the US. Net earnings were $98MM, or $1.67 per share, compared to $173MM, or $2.79 per share in the year-over period.

$GWW {{ '2017-04-26T18:11:23+0000' | timeago}} • Announcement

$GWW BoD voted to raise the quarterly cash dividend by 5% to $1.28 per share, payable on June 1, 2017, to shareholders as on May 8, 2017.

$GWW {{ '2017-04-18T16:55:59+0000' | timeago}} • Webcast

Regarding competitive pricing dynamics, $GWW said that its need to reset price is not based on the competitive changes on the marketplace. The company said it has cut pricing based on its own pricing model and customers' request.

$GWW {{ '2017-04-18T16:26:51+0000' | timeago}} • Webcast

In terms of boosting investors' confidence, $GWW said it will overcommunicate on the efforts it is making on fronts like volume growth, expense to COGS, customer satisfaction and customer acquisition. The company said it has not been able to acquire customer into Grainger brand for years, and it has planned to acquire customers beginning in 3Q17.

$GWW {{ '2017-04-18T13:15:49+0000' | timeago}} • Announcement

$GWW lowered its FY17 sales and EPS guidance and now expects sales growth of 1-4% and EPS of $10.00-11.30. The downgrade in outlook incorporates the effect of the pricing acceleration and a 1% reduction in sales from forex.

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