Grainger Merging Lab Safety Supply with Grainger Industrial Supply

Lake Forest, Ill.-based distributor Grainger is combining its Lab Safety Supply unit with the Grainger Industrial Supply business. At the company's annual analyst conference held Nov. 19, the company's chairman and its CEO said the merger will cut costs and enable faster growth. It slims from two U.S. supply chains to a single supply chain, President and CEO James T. Ryan said.

The company's presentation is available as an audio webcast at Grainger's investor relations page. Ryan started his portion of the presentation by talking about the economic uncertainty company officials see and the sharp drop of U.S. employment and industrial production recently. He said MRO, which is Grainger's business, is resilient during downturns. The company's size enables it to pick up market share, which means its results will grow strongly coming out of a downturn, Ryan said.

The global MRO market is worth about $600 billion, he said, and small distributors still account for more than 70 percent of the total U.S. MRO market. "Our Lab Safety business has underperformed. We've hit a wall with the products in their highly profitable core," he said.

Ryan also said, "Grainger is in a strong position entering this down cycle, and we have no intention of just hunkering down."

As part of the meeting, Grainger reiterated its 2008 earnings per share guidance of $6.00 to $6.20. The company expects 2008 fourth quarter sales to range from down 2 percent to up 2 percent and fourth quarter earnings per share to range from $1.35 to $1.55, while 2009 earnings per share are expected to be between $5.30 and $6.70.

Download Center

HTML - No Current Item Deck
  • Get the Ultimate Guide to OSHA Recordkeeping

    OSHA’s Form 300A posting deadline is February 1! Are you prepared? To help answer your key recordkeeping questions, IndustrySafe put together this guide with critical compliance information.

  • Steps to Conduct a JSA

    We've put together a comprehensive step-by-step guide to help you perform a job safety analysis (JSA), which includes a pre-built, JSA checklist and template, steps of a JSA, list of potential job hazards, and an overview of hazard control hierarchy.

  • Everything You Need to Know about Incident investigations

    Need some tips for conducting an incident investigation at work after there’s been an occupational injury or illness, or maybe even a near miss? This guide presents a comprehensive overview of methods of performing incident investigations to lead you through your next steps.

  • Free Safety Management Software Demo

    IndustrySafe Safety Management Software helps organizations to improve safety by providing a comprehensive toolset of software modules to help businesses identify trouble spots; reduce claims, lost days, OSHA fines; and more.

  • Industry Safe

OH&S Digital Edition

  • OHS Magazine Digital Edition - November December 2020

    November December 2020

    Featuring:

    • COLD STRESS
      Managing Cold Stress
    • TRAINING: FALL PROTECTION
      Providing Training for Fall Protection
    • PPE: HEARING PROTECTION
      Eight Tips for Hearing Testing Day
    • FACILITY SECURITY
      Incorporating COVID-19 Protections into Safety Programs
    View This Issue