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

$GWW {{ '2016-04-18T13:12:44+0000' | timeago}} • Webcast

$GWW's 1Q16 sales rose 3% and the company had 64 selling days in the quarter, one more than the previous year. On a daily basis, sales rose 1%. Reported operating earnings fell 10%, while net earnings fell 12%. Gross profit margins dipped 300 BP vs. 1Q15 to 41.8% driven by lower performance in the U.S. and Canada segments.

$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.

$GWW {{ '2017-04-18T13:10:41+0000' | timeago}} • Announcement

For 1Q17, $GWW posted a moderate 1% rise in sales to $2.5Bil. Net earnings for the quarter was $175MM, down 6% from $187MM a year ago. Diluted EPS declined 2% to $2.93 from $2.98 a share. "Overall, the first quarter clearly fell short of our expectations," said CEO DG Macpherson.

$NLSN {{ '2017-02-10T14:17:54+0000' | timeago}} • Announcement

$NLSN announced the recent addition of David Rawlinson as a member of its BoD and a member of the audit committee, effective Feb. 8, 2017. He currently serves as President of Online Business for $GWW.

$GWW {{ '2017-01-25T16:17:06+0000' | timeago}} • Announcement

$GWW's BoD declared a quarterly cash dividend of $1.22 per share. The dividend is payable on March 1, 2017 to shareholders of record on Feb. 13, 2017.

$GWW {{ '2017-01-25T16:13:04+0000' | timeago}} • Webcast

$GWW said that 4Q16 was in line with expectations both from a sales and earnings perspective. The company's US business also performed better than expected, driven by strong sales performance in Dec. 2016 and better expense management. Canada, which has been underperforming, also made progress with better than expected sales in Dec. 2016.

$GWW {{ '2017-01-25T13:06:48+0000' | timeago}} • Announcement

For 4Q16, sales from U.S. and Canada fell 1% and 11%, respectively, while other businesses grew 11% YoverY. In addition, $GWW generated operating cash flow of $333MM for the quarter, up 31% YoverY. Also during the quarter, the company returned $259MM to shareholders through dividends and buy back.

$GWW {{ '2017-01-25T12:57:56+0000' | timeago}} • Announcement

$GWW reiterated its 2017 sales and EPS guidance, and continues to expect 2% to 6% sales growth and EPS of $11.30 to $12.40.

$GWW {{ '2017-01-25T12:52:43+0000' | timeago}} • Announcement

$GWW posted a 58% YoverY drop in 4Q16 earnings, hurt by the restructuring actions in the U.S. and Canada and other charges. Net earnings fell to $61MM, or $1.01 per diluted share. Excluding charges, earnings were $2.45, down 2% YoverY. Sales were flat at $2.5Bil.

$GWW {{ '2016-11-11T17:08:08+0000' | timeago}} • Announcement

$GWW reported daily sales for the month of October 2016 were flat from last year, driven by a 1 percentage point increase in volume offset by a 1% decline in price. There were 21 selling days in the month of October 2016, one fewer than the previous year.

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