Reiterates 2016 guidance and issues 2017 EPS guidance of $11.30 to $12.40
Grainger (NYSE: GWW), the leading broad line supplier of maintenance, repair and operating products (MRO) serving businesses and institutions, in November held its Annual Analyst Meeting in Lake Forest, Illinois. DG Macpherson, Grainger Chief Executive Officer, hosted the event. The meeting also included presentations from other Grainger leaders.
“Over the past several years, we have invested to position our business for long-term success and meet the evolving needs of our customers,” said Macpherson. He added, “We are leveraging these investments to provide unique value to customers of all types and sizes. And, we expect to enhance our industry-leading customer experience by making our pricing simpler and more relevant to drive faster growth and stronger share gain in our U.S. business for a broader set of customers. We expect that these actions, along with continued reductions in our cost structure and a turnaround of our business in Canada, will improve our financial performance and strengthen returns to shareholders,” Macpherson concluded.