Stephen Simpson, CFA
Tue, Jul. 19, 7:46 AM
- W.W. Grainger (NYSE:GWW) reports organic sales fell 2% in Q2
- U.S. business sales dropped 2.6% to $1.98B.
- Canada business sales squeezed 18.8% to $194.42M due to weak economic environment.
- Other businesses sales rose 48.7% to $474.17M.
- Gross margin rate decreased 200 bps to 40.6%
- Adjusted operating margin rate slipped 160 bps to 12.6%.
- FY2016 Guidance: Sales: +1% to +4%; Diluted EPS: $11.20 to $12.20; Tax rate: 36.8% to 37.8%.
Mon, Apr. 18, 7:47 AM
- W.W. Grainger (NYSE:GWW) reports organic sales declined 2% in Q1
- U.S. business sales fell 0.3% to $1.97B.
- Canada business sales decreased 23.8% to $178.77M due to weak oil and gas prices and lower commodity prices.
- Other businesses sales grew 49.5% to $445.33M.
- Gross margin rate dropped 310 bps to 41.7%
- Adjusted operating margin rate squeezed 110 bps to 13.4%.
- FY2016 Guidance: Sales: 0% to +6%; Diluted EPS: $11 to $12.80.
Tue, Jan. 26, 8:09 AM
- W.W. Grainger (NYSE:GWW) reports U.S. business sales declined 3% to $1.92B in Q4.
- Canada business sales dropped 27% to $203.40M due to weakness in the oil and gas industries.
- Other businesses sales rose 41% to $434.36M for the quarter.
- Gross margin rate fell 160 bps to 40.4%
- Adjusted operating margin rate squeezed 130 bps to 11.4%.
- FY2016 Guidance: Sales: -1% to +7%; Diluted EPS: $10.80 to $13.00.
Nov. 12, 2015, 2:44 PM
- Grainger (GWW -4.7%) sinks after its analyst day presentation includes a warning of a "tough industrial economy" with more of the same ahead for 2016, citing short-term changes in customer behavior and a "competitive landscape [that] continues to evolve."
- GWW says its October daily sales fell 1% Y/Y with organic daily sales declining 2%, driven by a drop in pricing and lower sales of safety products.
- GWW issues in-line guidance for Q4, seeing EPS of $2.20-$2.40 vs. $2.29 analyst consensus estimate on revenues of between -3% and zero to $2.434B-$2.51B vs. $2.46B consensus; for FY 2016, GWW forecasts EPS of $10.70-$12.90 vs. $12.10 consensus with sales growth between -1% and +7%.
- Peers include HD Supply Holdings (HDS -4%), Fastenal (FAST -2.7%) and MSC Industrial (MSM -1.9%).
Oct. 16, 2015, 7:50 AM
- W.W. Grainger (NYSE:GWW) reports organic sales were flat Y/Y in Q3.
- U.S. business sales were almost constant at $2.04B.
- Canada business sales declined 23.4% to $213.13M due to weak oil and gas prices and lower commodity prices.
- Gross margin rate dropped 110 bps to 41.9%
- Adjsuted operating margin rate fell 110 bps to 13.9%.
- FY2015 Guidance: Sales: -0.5% to +0.5%; Tax rate: 37.2% to 37.6%; Diluted EPS: $11.60 to $11.80.
Jul. 17, 2015, 7:49 AM
- W.W. Grainger (NYSE:GWW) reports organic sales increased 3% driven by 4% rise in volume.
- U.S. business sales rose 1.89% to $2.03B.
- Canada business sales fell 9.31% to $239.47M.
- Gross margin rate declined 57 bps to 42.55%
- Adjsuted operating margin rate grew 10 bps to 14.2%.
- FY2015 Guidance: Sales: +0% to +2%; Tax rate: 36.6% to 37.2%; Diluted EPS: $12.00 to $12.50.
- Q2 results
Apr. 16, 2015, 7:59 AM
- W.W. Grainger (NYSE:GWW) reports sales for its U.S. business rose 3.91% to $1.97B in Q1.
- Sales in Canada fell 7.77% during the period to $234.53M.
- Gross margin rate -27 bps to 44.83%
- Operating margin rate declined 45 bps to 14.40%..
- The company's results were affected by continued headwinds from the strong U.S. dollar and weakness in the oil and gas sector in North America.
- FY2015 Guidance: Sales: +1% to +4%; Diluted EPS: $12.25 to $12.95.
- GWW +0.69% premarket.
Jan. 26, 2015, 8:05 AM
- Grainger (NYSE:GWW) reports 6 percentage points of growth from volume in Q4.
- Price increases added a percentage point of growth as did sales from Ebola safety products.
- Currency swings and the loss of E&E Industrial business were negative factors.
- The company expects sales growth of 3% to 7% in 2015, a downward revision from prior guidance of 5% to 9%.
- Previously: W.W. Grainger misses by $0.03, beats on revenue
- GWW -1.2% premarket.
Dec. 12, 2013, 8:10 AM
- Grainger (GWW) reports daily sales increase 5% Y/Y in November.
- Organic sales were up 3% after the impact of acquisitions and foreign exchange are backed out.
- The comparable this month was influenced greatly by last year's response to Hurricane Sandy.
- GWW -3.5% premarket.
Oct. 16, 2013, 8:23 AM
- W.W. Grainger (GWW) says Q3 results were clipped by a weak macroeconomic environment and unfavorable foreign exchange rates during the period.
- Sales growth of 6% in the U.S. was led by five percentage points from volume gains and one percentage point from acquisitions.
- The company lowers FY13 EPS to a narrowed range of $11.45-$11.65, from $11.40-$12.00 prior and $11.70 consensus.
- GWW -2.2% premarket.
Apr. 16, 2013, 11:07 AMShares of W.W. Grainger (GWW +7.2%) are up handily after this morning's earnings beat as the company guides higher on the low end for FY2013 revenue and EPS. GWW "now expects 5-9% sales growth and EPS of $11.30-12.00," as daily sales growth should be 5-10% and gross margins should expand by 20-30 basis points going forward. The company also sees a $.05-.07 hit to FY2013 EPS from movements in the yen. (See earnings transcript) | Apr. 16, 2013, 11:07 AM
Mar. 12, 2013, 2:37 PM
WW Grainger (GWW -2.2%) slips despite reporting solid February sales growth of 6% Y/Y. Investors and analysts were looking for growth closer to 10%, but the industrial supply distributor's organic sales growth, largely driven from higher prices, was essentially unchanged from January. Additionally, the company reports that early March sales are also tracking slightly behind February.| Mar. 12, 2013, 2:37 PM
Nov. 14, 2012, 3:53 PM
W.W. Grainger (GWW -2.5%) issues Q4 guidance, seeing EPS of $2.55-$2.75 excluding non-recurring items vs. $2.55 analyst consensus, and revenues rising 7%-9% Y/Y to $2.22B-$2.26B vs. $2.25B consensus. GWW sees FY 2013 EPS of $10.85-$12.00 vs. $12.04 consensus, and revenues of $9.19M-$9.73M vs. $9.69B consensus.| Nov. 14, 2012, 3:53 PM
Oct. 16, 2012, 9:10 AM
Oct. 16, 2012, 8:10 AMW.W. Grainger (GWW): Q3 EPS of $2.81 misses by $0.08. Revenue of $2.28B (+8% Y/Y) misses by $40M. Shares -4.1% premarket. (PR) | Oct. 16, 2012, 8:10 AM | 1 Comment
Jul. 18, 2012, 9:40 AM