Grainger Earnings Fall 18% in Quarter

Posted on by Chief Marketer Staff

W.W. Grainger posted net earnings of to $92 million for the second quarter, an 18% decrease from $113 million in the prior year.

The direct marketer of maintenance supplies reported sales of $1.5 billion for the quarter ended June 30, a 13%decrease from $1.7 billion last year.

The Chicago-based firm reported that sales declined in all customer end markets except government, which was up slightly. Specifically: heavy manufacturing declined almost 30%; commercial declined about 9% and most other segments declined in the low to mid teens.

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