Fastener Shanghai
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->Grainger Reaffirms 2017 Outlook, Expects 5% MRO Gr...You are the 340421 visitors
Views:517   |   recommendation:   |   Votes:0   |   Discuss:0
Grainger Reaffirms 2017 Outlook, Expects 5% MRO Growth In 2018


Grainger held its annual analyst meeting this past Friday in Lake Forest, IL, where CEO DG Macpherson and CFO Ron Jadin presented a reaffirmation of the company's full year 2017 outlook, as well as a forecast for solid growth in 2018.

As part of the meeting, Grainger provided the following 2017 and 2018 outlook for sales and earnings, adjusted for items that the company believes are not indicative of ongoing operations:

--For the full year 2017, the company noted favorable sales and earnings per share trends. It reiterated its sales guidance of 1.5 to 2.5 percent growth and earnings per share guidance of $10.40 to $10.90. Grainger had 2016 full year sales growth of 1.7 percent.

--For the full year 2018, the company is forecasting sales growth of 3 to 7 percent and earnings per share of $10.60 to $11.80, with gross profit declines of 40 to 80 base points. It is expecting 2018 daily sales to grow 5.5 percent, following an estimated 3 percent growth in 2017.

"Accelerating growth with large and medium customers in the United States remains our top priority," Macpherson stated in a press release. "Removing the pricing barrier has allowed us to provide value to our customers, and we are very encouraged by the volume response we're seeing. In Canada, we are facing into a significant business model reset that should increase profitability in a shorter time frame. Our single-channel businesses continue their strong revenue growth while expanding operating margin."

In medium customers, Grainger had a 7 percent decline in Q1 of this year and 3 percent growth in Q2, and then after it accelerated its pricing actions, it had Q3 growth of 15 percent and an estimated 15 to 20 percent growth in Q4.

Grainger also reiterated its longer term operating margin target of 12 to 13 percent in 2019, excluding items that the company believes are not indicative of ongoing operations.

Grainger's presentation showed it values the worldwide MRO market at $560 billion, with $148 billion of that in North America, $41 billion in Japan and $16 billion in the U.K. — the three geographies the company is focused on. Grainger said it has 6 percent market share in the U.S., where it does 76 percent of its sales. It said it has 7 percent market share in Canada (7 percent of sales); 2 percent in Japan (7 percent of sales); 2 percent in the U.K. (3 percent of sales); 1 percent in Mexico (1 percent of sales); and less than 1 percent in other (5 percent of sales).

In the U.S., Grainger expects full year 2017 MRO market value growth of 2.5 percent, followed by 2-3 percent growth in 2018 and 2019.

Source: Industrial Distribution

2017/11/15 14:42:00

Previous:    The Hillman Group Acquires Specialty Fastener Company
        Next:    China's new energy vehicle sales double in October

Recent Related News
Anderson Metals Privately Acquired By Wynnchurch Capital--2018-02-23
Hatebur Integrates Subsidiary--2018-02-23
Fastenal Sees Daily Sales Rise 12% In January, Promotes Blue Team--2018-02-07
Bossard Announces Pending CEO Transition--2018-01-31
Würth Industry North America Announces Senior Leadership Appointments--2018-01-25
Stanley B&D Grows Sales 17% In Q4, Acquires Nelson Fastener Systems--2018-01-25
Fastenal Sales And Profits Soared In 2017 On Vending, Onsite--2018-01-22
Midwest Wholesale Hardware Acquires Strauss Lock Distributors--2018-01-22
Fairmont Supply Acquires Fastener Distributor THB Inc.--2018-01-16
Bossard US Sales Jumped More Than 18% In 2017--2018-01-15
WüRTH GROUP ACHIEVES RECORDS IN SALES AND OPERATING RESULT--2018-01-10
Threaded Fasteners Inc. Expands Again in Florida Market with Addition of Tampa-based Bolt & Nut Inc.--2018-01-09

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener3fastener

Fastener Shanghai


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

• WIN EURASIA Metalworking, Mar 15-18, 2018, Turkey

•Taiwan International Fastener Show, Apr 10-12, 2018, Taiwan

•Fastener Fair USA, Apr 11-12, 2018, USA

•M-Tech Nagoya, Apr 11-13, 2018, Japan

•wire & Tube Düsseldorf, Apr 16-20, 2018, Germany



Show Room



Offer Product

Latest News
• China's auto sales post double-digit growth in January

• Anderson Metals Privately Acquired By Wynnchurch Capital

Buyers' Guide
Company News

• Donglong Metal Mold Machinery: Focus on Quality, Talents and Brand

• Shanghai Minmetals–Fasteners, A Specialized Fastener Company with Over Six Decades of History

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener