The 2020 Mid-Year Economic Update_long

Grainger’s 2018 Sales Up 8%

Distributor reports solid fourth quarter and full year, as 2018 sales rise to $11.2 billion.

Grainger (NYSE: GWW), Chicago, IL, reported 2018 sales of $11.2 billion, up 8 percent compared to 2017, and profit of $1.2 billion, up 12 percent compared with a year ago.

The distributor’s fourth-quarter sales rose 5 percent to $2.8 billion, and profit was $782 million.

Grainger cited solid growth in the United States, a profitable fourth quarter for its Canadian business, and double-digit revenue growth for its single channel businesses as some of the year’s key accomplishments.

"2018 was a year of focus and achievement for Grainger. Across the business, we executed on our long-term strategy and enhanced our relationships with customers …” Grainger’s Chairman and CEO DG Macpherson said in a statement announcing the results.

 

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