Categories Earnings, Industrials, LATEST

W.W. Grainger (NYSE: GWW): Q3 2019 Earnings Snapshot

— W.W. Grainger (NYSE: GWW) reported third-quarter 2019 adjusted earnings of $4.26 per share versus $4.40 per share expected. The results were driven by sales performance and strong expense management despite the slower macroeconomic environment.

— Net sales increased by 4% to $2.95 billion versus $2.95 billion expected.

W.W. Grainger (GWW) Q3 2019 Earnings Snapshot

— Daily sales rose 2.5%. Sales were primarily composed of a 2.5 percentage point increase in volume. Price inflation and the impact of foreign exchange were both flat.

— Looking ahead into the full year 2019, the company reiterated its net sales growth outlook in the range of 2% to 5%. The street consensus for revenue growth is 2.60%.

— The earnings guidance is reiterated in the range of $17.10 to $18.70 per share for the full year. The market analysts expect earnings of $17.54 per share.

— Gross margin is still predicted to be 38.1% to 38.7% for 2019 and the operating margin is still projected to be 12.2% to 13%.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Leave a Reply

Your email address will not be published. Required fields are marked *

Add Comment
Loading...

Cancel
Viewing Highlight
Loading...
Highlight
Close
Top