For Distributors Only

Grainger shuts 25 U.S. branches in 2011

Forecasts 2012 sales growth of 10-14%

Chicago-based Grainger announced it will close 25 branches in the U.S. before year-end at its Annual Analyst Meeting.

The distributor also forecast its sales for the fourth quarter 2011 and for 2012. For the 2011 fourth quarter, Grainger expects sales to grow 12 percent to 13 percent. For the full year 2011, the distributor expects growth of 11 percent to 12 percent.

Grainger forecasts growth will continue at that pace, with sales increasing 10 percent to 14 percent in the full year 2012. Organic sales growth for 2012 is forecasted at 6 percent to 10 percent.

As part of the meeting, Grainger provided the following outlook for sales and earnings in 2011 and 2012: 

• For the 2011 fourth quarter, the company is forecasting sales to increase 12% to 13%, and expects earnings per share for the quarter to be between $1.94 and $2.09, excluding unusual items. The company also announced today that it intends to close 25 branches in the United States before year end, and expects to incur a charge of approximately $14 to $18 million, or $0.12 to $0.15 per share, which is excluded from fourth quarter and 2011 guidance. 

• For the full year 2011, the company reiterated its sales growth forecast of 11% to 12%, and narrowed its earnings per share forecast to be between $8.85 and $9.00, excluding unusual items.  The company’s prior 2011 full year EPS forecast of $8.80 to $9.00 was issued on October 18th in conjunction with its third quarter 2011 earnings release.

• For the full year 2012, the company is forecasting sales to increase 10% to 14%, and expects earnings per share to be between $9.90 and $10.65. Organic sales growth for 2012 is forecasted at 6% to 10%.

Did you enjoy this article? Click here to subscribe to ISHN.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Scenes from the World of Safety

Sights, signs & symbols from the National Safety Congress & Expo held in San Diego, CA, September 15-18

4/21/15 2:00 pm EDT

The Safety Selfie: It’s time to take a “snap shot” of your safety program and contemplate what others see

We all know perception is reality and that people perceive things differently. As a safety manager, your perception of your safety program almost certainly differs from that of your workers and your managers. We will use our “Safety Selfies” to expose weaknesses, real and perceived, and to talk about how best to make improvements.

ISHN Magazine

ISHN0415_cover.jpg

2015 April

Check out ISHN's April issue, which features content about lockout-tagout, heat stress, hearing protection and more!

Table Of Contents Subscribe

THE ISHN STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\ISHN\safetyfourth.jpg
Safety Engineering, 4th Edition

A practical, solutions-driven reference, Safety Engineering, 4th edition, has been completely revised and updated to reflect many of today’s issues in safety.

More Products

For Distributors Only - January 2015

FDO JAN 2015 COVER

 

For Distributors Only is ISHN's niche brand standard-sized magazine supplement aimed at an audience of 2,000 U.S. distributors that sell safety products. Circulation only goes to distributors. 

CHECK OUT THE JANUARY 2015 ISSUE OF FDO HERE

STAY CONNECTED

Facebook logo Twitter YouTubeLinkedIn Google + icon

ishn infographics

2012 US workplace deathsCheck out ISHN's new Infographic page! Learn more about worker safety through these interactive images. CLICK HERE to view the page.