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Grainger Reports Record Results For Second Quarter

W.W. Grainger Inc. recently reported record results for its 2013 second quarter ended June 30, 2013. Sales of $2.4 billion increased 6% versus $2.2 billion in the second quarter of 2012. Net earnings for the quarter increased 14% to $218 million versus $191 million in 2012. Earnings per share of $3.03 increased 15% versus $2.63 in 2012.  

Sales for the company’s United States segment increased 7% in the 2013 second quarter versus the prior year. Sales in the 2013 second quarter in Canada increased 3% versus the prior year. Sales for its other businesses segment, which includes operations primarily in Asia, Europe and Latin America, increased 5% for the 2013 second quarter versus the prior year. 

For the six months ended June 30, 2013, sales of $4.7 billion increased 5% versus $4.4 billion in the six months ended June 30, 2012. Net earnings increased 14% to $429 million versus $378 million in the first half of 2012.


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