This website stores data such as cookies to enable important site functionality including analytics, targeting, and personalization. View our privacy policy.
Grainger in July reported results for the 2017 second quarter ended June 30, 2017. Sales of $2.6 billion increased two percent versus $2.6 billion in the second quarter of 2016. Net earnings for the quarter of $98 million were down 43 percent versus $173 million in 2016. Earnings per share of $1.67 declined 40 percent versus $2.79 in 2016.
Fourth quarter revenue was $313 million, increasing 8 percent on a local currency basis, including 4 percent associated with the recent acquisition of Latchways plc, a U.K.-based market leader in highly engineered fall protection systems.
Net sales increased 5% for the three-month period, and 6.8% for the six-month period. Net earnings were up 7.5% for the quarter and 10.5% for the first six months of 2015.
AD, the $31 billion contractor and industrial products wholesale buying / marketing group, reported sales for all AD members, across all seven divisions, grew by 4% in Q2 of 2015 to $16.7 billion.