Grainger issues guidance for Q4 and beyond

|By:, SA News Editor

Grainger (GWW -1.6%) forecasts sales will increase 6% to 8% in Q4 as it strikes an optimistic tone on its near future during an analyst meeting.

The company sees Q4 EPS of $2.53-$2.73 which has a midpoint below the consensus estimate of analysts of $2.66.

A longer view from Grainger has operatings margins rising to 16%-17% by 2019.