Grainger Sales Rise 6% in 3Q
Grainger, Chicago, IL, sales rose 6% for the third quarter ended Sept. 30, 2006, to $1.5 billion versus $1.4 billion in the 2005 third quarter. Daily sales increased by 8%. Net earnings were up 19% to $104.5 million.
Sales for the nine months ended Sept. 30, 2006, were $4.4 billion, up 7% versus the first nine months of 2005. Net earnings increased to $284.5 million versus $242.5 million in 2005.
Grainger Branch-based segment
Sales in this segment, which includes branch-based businesses in the U.S., Mexico and China, increased 6% in the 2006 third quarter ﾖ 7% on a daily basis for the quarter. Of the 7% growth, an estimated 4 percentage points came from the ...