Key Developments: W.W. Grainger Inc (GWW)
263.35USD
17 May 2013
$4.89 (+1.89%)
$258.46
$258.46
$263.41
$258.46
199,357
359,047
$263.41
$172.50
Latest Key Developments (Source: Significant Developments)
W.W. Grainger Inc Increases Quarterly Dividend By 16%
W.W. Grainger Inc announced that Board Of Directors raised the quarterly cash dividend by 16% to 93 cents per share payable on June 1, 2013, to shareholders of record on May 13, 2013. Full Article
W.W. Grainger Inc Raises Low End of Prior FY 2013 Revenue And EPS Guidance
W.W. Grainger Inc now expects fiscal 2013 sales growth of 5%-9% and earnings per share (EPS) of $11.30 to $12.00. The previous fiscal 2013 guidance issued on January 24, 2013, was sales growth of 3%-9% and EPS of $10.85 to $12.00. The Company reported revenues of $8.95 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $9.60 billion and EPS of $11.74 for fiscal 2013. Full Article
W.W. Grainger Inc Reiterates FY 2013 Guidance-Conference Call
W.W. Grainger Inc reiterated its fiscal 2013 guidance and announced that it expects revenue of $9.3 billion to $9.8 billion and EPS of $10.85 to $12.00 for fiscal 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $9.6 billion and EPS of $11.75 for fiscal 2013. Full Article
W.W. Grainger Inc Declares Quarterly Dividend
W.W. Grainger Inc announced that The board of directors has declared a cash dividend of $0.80 per share payable on March 1, 2013, to shareholders of record on February 11, 2013. Full Article
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. Full Article
W.W. Grainger Inc Settles Government Contract Dispute
W.W. Grainger Inc announced that it has settled its long-standing contract dispute with the federal government. As announced October 16, the discrepancy centered on disclosure language in the General Services Administration (GSA) and United States Postal Service (USPS) contracts, which were implemented more than 10 years ago. Grainger maintains it complied with the disclosure requirements and the contracts in all material respects, and the settlement does not contain any admission of wrongdoing by the company. The GSA and USPS remain long-standing and important Grainger customers. These contracts account for a portion of the company's overall government business, which represented 17% of its total U.S. 2011 revenue. Full Article
W.W. Grainger Inc Announces Intent To Acquire Techni-Tool, Inc.
W.W. Grainger Inc announced its intent to acquire Techni-Tool, Inc., and its affiliate Wassco Inc., specialist distributors serving manufacturing customers with 2011 sales of $88 million. Grainger expects the transaction to close by December 31, 2012, subject to standard conditions, and be neutral to 2013 earnings per share. Terms of the agreement were not disclosed. Full Article
W.W. Grainger Inc Issues Q4 2012 Guidance; Reaffirms FY 2012 Revenue Guidance; Narrows FY 2012 EPS Guidance; Comments On FY 2013 Revenue Guidance; Issues FY 2013 EPS Guidance In Line With Estimates
W.W. Grainger Inc announced that for the fourth quarter of 2012, it expects sales to increase 7%-9% and expects earnings per share of $2.55 to $2.75. For fiscal 2012, the Company reiterated its sales growth forecast of 11% to 12%, and narrowed its earnings per share guidance to a new range of $10.55 to $10.75, excluding the reserve adjustment related to the expected settlement with the Department of Justice announced on October 16, 2012. For fiscal 2013, the Company is forecasting sales growth of 2% to 8% and expects earnings per share of $10.85 to $12.00. The Company reported revenues of $8.078 billion in fiscal 2011 and revenues of $2.281 million in the third quarter of 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $2.238 billion and EPS of $2.55 for the fourth quarter of 2012; revenue of $8.965 billion and EPS of $10.56 for fiscal 2012; revenues of $9.676 billion and EPS of $12.00 for fiscal 2013. Full Article
W.W. Grainger Inc Declares Quarterly Dividend
W.W. Grainger Inc announced that it declared a cash dividend of $0.80 per share payable on December 1, 2012, to shareholders of record on November 12, 2012. Full Article
W.W. Grainger Inc Lowers FY 2012 Revenue Guidance; Reaffirms FY 2012 EPS Guidance
W.W. Grainger Inc announced that in light of the sluggish global economy, it is slightly revising fiscal 2012 sales guidance to 11% to 12% growth. EPS guidance for fiscal 2012 remains unchanged at $10.50 to $10.80. The Company reported EPS of $9.04 and revenues of $8.078 billion in fiscal 2011. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $9.021 billion and EPS of $10.62 for fiscal 2012. Full Article
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