W.W. Grainger, Inc. Provides Earnings Guidance for the Year 2019; Announces Impairment Charges for the Fourth Quarter Ended December 31, 2018
January 24, 2019 at 08:00 am EST
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W.W. Grainger, Inc. provided earnings guidance for the year 2019. For the period, the company expected net sales growth in the range of 4.0% to 8.5% and earnings per share in the range of $17.10 to $18.70.
The company announced impairment charges for the fourth quarter ended December 31, 2018. For the period, the company reported impairment of goodwill, intangible and other assets of $14 million compared to $10 million a year ago.
W.W Grainger, Inc. specializes in professional distribution of industrial supplies and equipment. The group supplies businesses and institutions with maintenance equipment, industrial safety supplies, service and maintenance parts, lighting products, ventilation equipment, pumps and plumbing products, etc.
At the end of 2020, products are marketed through a network of 407 branches (of which 287 in the United States and 49 in Canada), 29 distribution centers (of which 17 in the United States and 5 in Canada), through catalogues and the Internet.
Net sales are distributed geographically as follows: the United States (72.6%), Canada (4%) and other (23.4%).
W.W. GRAINGER, INC. 
