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Stock Market & Financial Investment News

News Breaks
July 21, 2014
07:46 EDTGWWAcklands-Grainger agrees to acquire WFS Enterprises
Acklands-Grainger announced its agreement to acquire WFS Enterprises, a distributor of tools and supplies to industrial markets in Southern Ontario and select U.S. locations. The acquisition is expected to be accretive in the first calendar year of operations. Terms of the transaction were not disclosed. WFS employs approximately 275 people and has 12 locations including 10 branches in Southwest Ontario, and two locations in the U.S., in Michigan and South Carolina. WFS had 2013 sales of approximately $87M. Subject to regulatory approval and certain customary closing conditions, this transaction is expected to close in the third quarter of 2014.
News For GWW From The Last 14 Days
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April 16, 2015
07:33 EDTGWWGrainger cuts FY15 EPS to $12.25-$12.95 from $12.60-$13.60, consensus $12.89
Cuts FY15 sales growth to 1%-4% from 3%-7%, consensus $10.31B. The updated guidance reflects changes in new sales representatives and slower macroeconomic growth.
07:32 EDTGWWGrainger expects to add 400 new sales representatives in 2015
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07:32 EDTGWWGrainger CEO Jim Ryan: This was a challenging quarter
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07:31 EDTGWWGrainger reports Q1 adjusted EPS $3.10, consensus $3.11
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07:16 EDTGWWGrainger intends to buy back $3B in common stock, increase dividend
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April 12, 2015
16:30 EDTGWWGrainger may be 10%-20% undervalued, Barron's says
Grainger could be 10%-20% undervalued and may be worth close to $290, Barron's contends in its "The Trader" column. Analysts call the company a "high-quality, dominant business" whose stock price has been impacted by negative perceptions of the distribution sector. Reference Link
April 9, 2015
10:00 EDTGWWOn The Fly: Analyst Downgrade Summary
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07:31 EDTGWWGrainger downgraded to Perform from Outperform at Oppenheimer
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