Grainger in October, 2014, reported results for the 2014 third quarter ended September 30, 2014. Sales of $2.6 billion increased 7 percent versus $2.4 billion in the 2013 third quarter. There were 64 selling days in the quarter, the same as in 2013. Net earnings for the third quarter increased 9 percent to $230 million versus $211 million in 2013. Earnings per share of $3.30 increased 12 percent versus $2.95 in 2013.
“We were pleased with the overall performance of the business in the quarter,” said Chairman, President and Chief Executive Officer Jim Ryan. “Strong volume growth and positive operating leverage in the U.S. business were the primary drivers of our results. We were encouraged by better top line growth in Canada this quarter, but margins remain under pressure due to currency and additional investments. Outside of North America, we were disappointed with the performance of several multichannel businesses and are committed to improving or exiting those operations,” Ryan added.