Grainger says January had strong sales rebound The company said, "As we look forward to 2013, we remain confident in our strategy and our ability to provide the best service and gain share in the MRO industry. While we were disappointed in our earnings leverage for the quarter, we are encouraged by the strong sales rebound we've seen thus far in January, despite a very difficult comparison with 2012."
News For GWW From The Last 14 Days
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Grainger repeats forecast for FY13 EPS $11.30-$12.00, consensus $11.96 Sees FY13 sales $9.4B-$9.8B, consensus $9.6B. Sees 1/3 of operating cash flow invested in business and 2/3 returned to shareholders to 2013. Repeats forecast for 2013 growth program spending of about $160M. Information from slides for Electrical Products Group conference.