Grainger's Management Presents At BAML 2011 Global Industrials Conference (Transcript)

W.W. Grainger Inc. (GWW)

BAML 2011 Global Industrials Conference

December 6, 2011; 09:05 am ET

Executives

Ron Jadin - Chief Financial Officer, Senior Vice President

Laura Brown - Senior Vice President, Communications & Investor Relations

John Inch - Analyst, Bank of America Merrill Lynch

Presentation

John Inch

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So just as a quick reminder, for those of you who haven’t seen the agenda. Tonight, starting 4:30 we are going to have a cocktail session. I believe it’s on this floor. So this the chance to get free drinks from Bank of America, which I’m always up for that. Hopefully everyone appreciates the format of this year’s conference. I think the age of the obnoxious fireside chat hopefully is going to be put to rest with an analyst drawing on about themselves mostly. So this is your chance to talk to the companies and ask them questions, not listen to analysts take about their own agendas.

With that, it gives me great please to introduce management team of Grainger. If there’s one stock one could own forever, it’s probably this one, at least forever as in a Wall Street context. So I’ll put those brackets around it. Lets call it my lifetime if anyone is listening.

And I would like to introduce both Ron Jadin and Laura Brown. Ron has been the CFO now for a number of years. He stirred this company I think in a direction that we would all agree has been completely and squarely in the interest of creating shareholder value. This is the management team on everyone’s side. So with that, let me introduce Ron.

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