Grainger Reports Record 2Q
Sales of $2.4 billion in the quarter were 6 percent higher than a year ago, and earnings rose 14 percent to $218 million, the company announced July 17.
Grainger reported record results for the 2013 second quarter, which ended June 30, announcing that its sales were $2.4 billion, 6 percent above $2.2 billion a year earlier, and net earnings increased 14 percent to $218 million from $191 million in 2012.
"Our solid performance reflects the continued focus, dedication, and hard work of our Grainger team," said Chairman, President, and CEO Jim Ryan. "We will continue to invest in helping our customers be successful by adding more products, sales people, inventory management solutions, and eCommerce capabilities to further our leading position in the MRO industry. Given our strong execution and the additional perspective provided by our first half performance, we are able to further refine our expectations for 2013 sales and earnings per share."
U.S. sales rose 7 percent during this year's second quarter, and Canadian sales rose by 3 percent. Overseas, sales rose by 5 percent, according to the company's announcement.