W.W. Grainger: 4Q Earnings Snapshot
LAKE FOREST, Ill. (AP) _ W.W. Grainger Inc. (GWW) on Thursday reported fourth-quarter earnings of $209 million.
On a per-share basis, the Lake Forest, Illinois-based company said it had net income of $3.68. Earnings, adjusted for restructuring costs, came to $3.96 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.60 per share.
The seller of maintenance and other supplies posted revenue of $2.76 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $2.79 billion.
For the year, the company reported profit of $782 million, or $13.73 per share. Revenue was reported as $11.22 billion.
W.W. Grainger expects full-year earnings to be $17.10 to $18.70 per share.
W.W. Grainger shares have risen 5 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen slightly more than 5 percent. The stock has increased 30 percent in the last 12 months.