Grainger (GWW) reported earnings on Wed 18 July 18 (b/o)

** charts after earnings **

 

 

Grainger beats by $0.63, beats on revs; raises FY18 EPS above consensus, raises revs slightly 

• Reports Q2 (Jun) earnings of $4.37 per share, excluding non-recurring items, $0.63 better than the Capital IQ Consensus of $3.74; revenues rose 9.4% year/year to $2.86 bln vs the $2.82 bln Capital IQ Consensus, driven by a 9 percentage point increase from volume and 1 percentage point from foreign exchange, partially offset by a 1 percentage point decline from the divestiture of a specialty business.
• Co issues guidance for FY18, raises EPS to $15.05-16.05 from $14.30-15.30, excluding non-recurring items, vs. $15.00 Capital IQ Consensus Estimate; raises FY18 revs to $11.0-11.3 bln from $10.9-11.3 bln vs. $11.19 bln Capital IQ Consensus Estimate; Op. margin to 11.5-11.9% from 11.1-11.5%,