NEW YORK (TheStreet) -- W.W. Grainger (GWW) had a strong first quarter performance, according to the earnings report filed today.
The maintenance, repair and operating supplies distributor posted a first quarter EPS of $3.07, a 4% year over year quarterly increase. Analysts consensus EPS estimate for the quarter was $2.96.
Revenue for the quarter was up 4.6% to 2.37 billion, narrowly missing Thomson Reuters analysts consensus estimates of $2.393 billion in revenue.
The company kept its yearly guidance in-line with previous estimates with a range of $9.9 billion to $10.29 billion in sales, and a full year EPS estimate range of $12.10 to $12.85.
TheStreet Ratings team rates GRAINGER (W W) INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate GRAINGER (W W) INC (GWW) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, increase in stock price during the past year and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."