Grainger Fourth Quarter Profits Rise

W.W. Grainger, Inc. had profits of $168 million for its fourth quarter. This compares with $103 million in last year's fourth quarter. The company's revenue for the quarter rose 3.2 per cent to $2.94 billion from $2.85 billion last year. Its quarterly revenues went up three per cent year-over-year to $2.94 billion. Daily sales for the quarter increased 5.6 per cent compared with the prior-year quarter. This increase in sales primarily resulted from share gains in the U.S. segment and significant growth in the endless assortment businesses, offsetting declines in the Canada segment.