Sales excluded revenue from Netherlands-based Fabory, which Grainger sold to a Dutch capital equity firm during the third quarter.
Tag "Grainger"
July 23
14:43
2020
During the second quarter, the company recorded a $109 million pretax loss from the sale of the Fabory business, which it agreed in June to sell to Dutch capital firm Torqx Capital Partners for an undisclosed sum.
January 29
22:37
2020
“Our sales growth in the U.S. outperformed the market throughout the year, and our share gain accelerated in the fourth quarter, as our growth initiatives began to take hold,” stated CEO DG Macpherson.
July 24
23:56
2019
“Despite slower than expected global economic growth and our significant investment in the endless assortment model, we drove strong operating results and cash flow,” stated CEO DG Macpherson.
May 20
22:40
2019
In June 2020 Grainger agreed to sell Fabory and its subsidiaries to Dutch capital firm Torqx Capital Partners for an undisclosed sum. Grainger acquired Netherlands-based Fabory in 2011 for $346 million.
February 04
00:19
2019
“Key accomplishments included U.S. segment volume growth of 8%, a profitable fourth quarter for the Canadian business and double-digit revenue growth for our single channel businesses,” stated CEO DG Macpherson.
January 03
17:51
2019
Carroll comes to Grainger from First Midwest Bank, where she served as Executive Vice President and CHRO. Prior to that, he held leadership positions with Aon Corp., Sprint, and PricewaterhouseCoopers.
October 22
01:09
2018
Volume and price increased partially offset by a decline from foreign exchange and the impact of hurricanes.
July 19
23:22
2018
"The second quarter exceeded our expectations, with strong growth from U.S. large and medium customers, gross profit that was better than anticipated and meaningful operating expense leverage,” said CEO DG Macpherson.
January 25
18:05
2018
“We made progress by removing the pricing barrier and improving service for customers while improving our cost structure,” stated CEO DG Macpherson.
December 16
10:45
2017
Mark Lohman joined Grainger in 2014 as senior director of information security and business continuity.
October 17
14:11
2017
“Our U.S. business had strong volume in the quarter driven by our strategic pricing initiatives and an improving demand environment,” stated CEO DG Macpherson.
July 19
11:10
2017
“The second quarter was in line with our expectations, as we saw continued volume growth from our strategic pricing initiatives in the United States,” stated CEO DG Macpherson.
June 05
10:40
2017
Gamut.com uses a proprietary information system that manages a list of product attributes, application-specific imagery and technical data.
April 18
12:21
2017
Company accelerating lower pricing structure "to accelerate growth with existing customers and attract new customers sooner than planned."
March 07
09:01
2017
Kentucky officials estimate the distribution center, slated for completion in 2020, will create 431 jobs with an hourly wage of $14.89, according to Industrial Distribution.
January 26
00:04
2017
"In 2016 we faced a challenging demand environment compounded by a lack of inflation, which put pressure on revenue and gross margins,” stated CEO DG Macpherson.
December 15
00:08
2016
Daily sales in the U.S. declined 3% in November, while sales in Canada fell 17% and sales in Europe, Asia and Latin America grew 6% during the month.
August 30
23:48
2016
"This was a challenging year for us and for most industrial companies, with an unprecedented combination of declining oil and commodity prices, low inflation and a strong U.S. dollar," stated CEO Jim Ryan.
