W.W. Grainger Inc Reaffirms FY 2013 EPS Guidance; Raises FY 2013 Revenue Guidance

W.W. Grainger Inc announced that it has reiterated fiscal 2013 earnings per share(EPS) guidance of $10.85 to $12.00 and raised fiscal 2013 sales guidance to a new range of 3% to 9% growth. The Company's previous fiscal 2013 sales guidance was 2% to 8 % growth issued on November 14, 2012. The increase in sales guidance reflects the December 31, 2012, acquisition of Techni-Tool, Inc. which had sales in 2011 of $88 million. The Company reported revenues of $8.950 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $9.532 billion and EPS of $11.76 for fiscal 2013.