Grainger

Grainger | September 26, 2016

In 1927, William W. (Bill) Grainger opened a wholesale electric motor business in Chicago. Early sales grew through a catalog called the MotorBook. A branch was opened in Philadelphia in 1933. By 1936, there were 15 branches. In 1967, Grainger became a public company and in 1976, became the first in the industry to implement optical character recognition equipment. In the 1980s Grainger installed a satellite-based digital communication network and in 1991, introduced the first MRO CD-ROM catalog...

Grainger | October 18, 2016

Another day, another industrial company lowering its earnings guidance. On the heels of cuts by Dover and Honeywell, today's bearer of bad news is Lake Forest-based W.W. Grainger, a $12.3 billion supplier of motors, fasteners and other industrial parts. The company reduced the midpoint of its 2016 earnings-per-share forecast by about 15 cents and called for weaker revenue growth, even as third-quarter results surpassed analysts' estimates. Margins continued to erode as the commodity down...

Elkay Manufacturing | May 25, 2016

Elkay was presented with a 2015 Partners in Performance Award as part of Grainger's annual supplier recognition event held recently in Chicago. Grainger, the leading broad line supplier of maintenance, repair and operating (MRO) products serving businesses and institutions, presents the yearly award to a select group of suppliers for outstanding performance throughout the year. Through this award, suppliers are recognized for excellence in several categories, including responsiveness, inform...

Grainger's | July 19, 2016

Today, W.W. Grainger, a supplier of motors, fasteners and other industrial parts, reported second-quarter profit that missed analysts' estimates by the widest margin since at least 2006. It was by all accounts a dismal showing, as operating margins also came up short and Grainger had to cut its full year sales and earnings guidance....