Grainger (NYSE: GWW), Chicago, IL, reported sales for April increased 4 percent compared to the same period a year ago. Results for the month included a 4 percentage point contribution from Cromwell Group (Holdings) Ltd, acquired Sept. 1.
Excluding acquisitions, organic daily sales were flat driven by a 1 percentage point increase in volume and a 1 percentage point benefit from the timing of the Easter holiday, offset by a 2 percentage point decline in price.
U.S. segment sales were down 1 percent year-over-year and Canadian segment sales were down 14 percent, 13 percent in local currency. Other businesses segment sales increased 56 percent compared to April 2015, or 54 percent in local currency.
