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ww grainger inc (GWW) Key Developments

Grainger Reports Sales Results for the Month of August 2014

Grainger reported sales results for the month of August 2014. The company's daily sales increased 7% versus August 2013. Results for the month included 2% points from acquisitions, net of dispositions, and a 1% point decline from unfavorable foreign exchange. Excluding acquisitions and foreign exchange, organic daily sales increased 6% driven by volume.

W.W. Grainger, Inc. Announces New Data Center in Lake Forest

W.W. Grainger, Inc. announced its new data center in Lake Forest, Ill., is certified as the world's first Leadership in Energy and Environmental Design facility of this type. This data center features an advanced cooling system. The energy used for cooling the facility is controlled by strictly managing the air flow, using outside air to cool the facility. As a result, Grainger expects the new data center to consume up to 50% less energy for cooling than similar data centers. Data centers usually run nonstop, which means these facilities can consume up to 200 times more electricity than typical office spaces. Most of this energy is used to cool the building as temperatures from IT equipment housed in a data center can reach more than 100 degrees Fahrenheit. This Grainger data center's air cooling design is anticipated to have a best-in-class PUE rating of 1.2 at full capacity; the industry average is 2.0. Throughout planning and construction, Grainger's project team partnered with the U.S. Green Building Council to provide feedback about the new v4 BD+C standards, which were finalized more than seven months after the project broke ground. The team worked quickly to incorporate the new standards into the certification process. Grainger is committed to operating its business in a way that helps preserve the environment and is continually working to reduce energy use, minimize waste and increase recycling within its operations. The company also partners with customers by offering products and services to help them run more sustainable facilities.

W.W. Grainger, Inc. Announces Executive Appointment

W.W. Grainger, Inc. announced appointment of Gregory S. Irving as the company's Vice President global supply chain and international. Mr. Irving was previously the company's Vice President and Controller (as noted above), a position which he assumed in 2008. Previously, Mr. Irving served as Vice President, Finance, for Acklands - Grainger Inc. since 2004. After joining Grainger in 1999 he served in various management positions including Vice President, Financial Services and Director, Internal Audit. William Lomax as the company's Vice President and Controller, in which capacity he will serve as the company's principal accounting officer. Mr. Lomax was previously the company's Vice President Global Supply Chain and International, a position assumed in 2013; Vice President, Grainger International and Chief Risk Officer, positions assumed in 2010 and 2013, respectively; and Vice President Finance and Chief Financial Officer of Acklands Grainger Inc., a position assumed in 2008. After joining Acklands Grainger Inc. in 2002 as Director, Financial Planning and Analysis, Mr. Lomax has served in increasingly responsible roles including Finance SAP Team Leader, Acklands Grainger Inc.; and Director, Corporate Financial Planning and Analysis, W.W. Grainger, Inc.

W.W. Grainger Reports Sales Results for the Month of July 2014

Grainger reported sales results for the month of July 2014. For the month, the company reported sales increased 6% versus July 2013. Results for the month included 2% points from acquisitions, net of dispositions, and a 1% point decline from unfavorable foreign exchange.

Grainger Declares Quarterly Dividend Payable on September 1, 2014

The board of directors of W.W. Grainger, Inc. declared a cash dividend of $1.08 per share payable on September 1, 2014, to shareholders of record on August 11, 2014.

 

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