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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.
