Grainger (W.W.) Bottom Line Climbs In Q1, Beats Estimates; Lifts Outlook Above View - Update

(Adds Outlook)

Grainger (W.W.) Inc. (GWW) announced a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $366 million, or $7.07 per share. This compares with $238 million, or $4.48 per share, in last year's first quarter.

Analysts on average had expected the company to earn $6.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.5% to $3.65 billion from $3.08 billion last year.

Looking forward, Grainger has lifted its full-year sales and earnings outlook above the Street view, citing a strong start to the year.

It now expects earnings of $25.00 - $27.00 per share , up from its earlier expectation of $23.50 - $25.50 per share.

Sales are now expected to be $14.5 billion - $14.9 billion compared with its previous outlook of $14.1 billion - $14.5 billion.

Analysts on average surveyed by Thomson-Reuters expect the company to report earnigns of $24.71 for the year on revenue of $14.31 billion.

Grainger (W.W.) Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $366 Mln. vs. $238 Mln. last year.
-EPS (Q1): $7.07 vs. $4.48 last year.
-Analyst Estimate: $6.12
-Revenue (Q1): $3.65 Bln vs. $3.08 Bln last year.

Full year EPS guidance: $25.00 - $27.00
Full year revenue guidance: $14.5 - $14.9 Bln

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