Grainger reported sales, including fasteners, grew 2% to $2.63 billion in the third quarter of 2017. Operating earnings fell 13% to $281 million, driven by lower gross profit due to strategic pricing initiatives. Q3 net earnings dropped 13% to $162 million, while earnings per share decreased 9% to $2.79.
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via Grainger Reports Modest Sales Growth | Global Fastener News