MRO distribution giant names Deidra “Dee” Merriwether as CFO and Paige Robbins as SVP and president of the Grainger Business Unit.
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Distributor appoints Robert O'Keef to interim CFO following the decision by Tom Okray to step down and join another publicly traded company.
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After Grainger posted a moderate improvement in the third quarter, company executives dished on the distributor’s approach to acquiring new customers and how it is bolstering the company. Here's what they shared.
Industrial distributor Grainger says its U.S. segment sales were up 3.1%, outgrowing the U.S. MRO market which declined an estimated 5% to 6%.
Grainger’s sales dipped 2% last quarter as pandemic-related sales (e.g., PPE) again offset softness in its traditional product line, but non-pandemic sales are showing signs of life.
Industrial distributor estimates that MRO market declined 14% to 15% during the quarter even as company gained share in the U.S.
Mergers and acquisitions among distributors and manufacturers picked up last month after an especially slow April and May, due to concerns over the coronavirus.
Company says divestment will help remained focused on profitable growth in key geographies.
The new CRx software is designed in compliance with The Joint Commission Life Safety, Environment of Care and Emergency Management standards.
Gyro will support Graingers U.S. marketing strategy aimed at awareness of the brand.
The company reported a profit of $253 million for the quarter, up 9% over 2018.
Distributor reports solid fourth quarter and full year, as 2018 sales rise to $11.2 billion.
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Kathleen Carroll will succeed Joseph High who retired from Grainger earlier this year.