Grainger, Chicago, IL, reported sales grew 9% in the third quarter ended Sept. 30, 2007, to $1.9 billion. Net earnings increased 4%.
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For the nine months ended Sept. 30, sales were $4.8 billion, up 9% and net earnings were up 11%.
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We are pleased with our solid sales and earnings growth in the quarter. Going forward, we continue to look for ways of improving productivity and efficiency,” said CEO Richard L. Keyser. “In the fourth quarter, for example, we have identified up to 125 positions we can eliminate in information technology. As a result, we anticipate & hellip; savings of up to $12 million in 2008.”
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Daily sales improved throughout the quarter versus the prior year: up 7% in July, 9% in August and 11% in September.
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Grainger Sales Up 9% in 3Q
Grainger, Chicago, IL, reported sales grew 9% in the third quarter ended Sept. 30, 2007, to $1.9 billion. Net earnings increased 4%.
  ;
For the nine months ended Sept. 30, sales were $4.8 billion, up 9% and net earnings were up 11%.
  ;
We are pleased with our solid sales and earnings growth in the quarter. Going forward, we continue to look for ways of improving productivity and efficiency,” said CEO Richard L. Keyser. “In the fourth quarter, for example, we have identified up to 125 positions we can eliminate in information technology. As a result, we anticipate & hellip; savings of up to $12 million in 2008.”
  ;
Daily sales improved throughout the quarter versus the prior year: up 7% in July, 9% in August and 11% in September.
  ; …
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