Grainger is refocusing its strategy to drive better customer penetration and win new business.
Pessimism surrounding Grainger’s competitive positioning appears to have moderated (at least temporarily) after Grainger reported third-quarter earnings that beat the consensus estimate and reiterated its full-year earnings guidance (at the midpoint). Total daily sales (which adjusts for one less business day in the third quarter of 2017 versus last year) increased 3% year over year to $2.636 billion (versus $2.646 billion consensus), and although adjusted EPS of $2.90 was down 5% year over year...W.W. Grainger is a distributor of maintenance, repair and operating (MRO) products and services in North America, Japan and Europe. The company's MRO product offering is grouped under material-handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies and metalworking tools categories. The company's segments are the United States, which provides MRO products and services through its eCommerce platform, catalogs, branches and sales and service representatives; and Canada, which serves Canadian customers through its distribution center and branch network as well as sales and service representatives.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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