Chicago-based Grainger (NYSE: GWW), No. 3 on MDM's list of the top 40 industrial distributors, reported daily sales for the month of July 2011 were up 10 percent from July 2010. Results for the month included a 1 percentage point positive contribution from acquisitions and a 2 percentage point contribution from foreign exchange.
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Excluding acquisitions and foreign exchange, organic sales increased 7 percent, including 8 percentage points from volume and 2 percentage points from price, partially offset by a 3 percentage point decline from oil spill-related sales in 2010. In 2010, Grainger provided safety and related products used to clean up the oil spill in the Gulf of Mexico, which contributed 1 percentage point to total company sales for the full year. July 2011 had 20 selling days, one less than July 2010.
Daily sales in the U.S. were up 5 percent from the year-ago period; in Canada sales were up 18 percent in local currency. Other Businesses sales were up 59 percent from July 2010.
