Summary
This 10-Q filing for W.W. Grainger, Inc. (GWW) for the period ending June 29, 2001, primarily provides the detailed computations for earnings per share (EPS) for both the six-month and three-month periods. Notably, the report indicates a significant decrease in EPS compared to the prior year, with basic EPS for the six months ended June 30, 2001, at $0.61, down from $1.04 in the same period of 2000. The diluted EPS also shows a similar downward trend. The filing also lists significant exhibits, including amended bylaws and an agreement and release related to company executives Donald E. Bielinski and Laura A. Bielinski. While the report itself does not contain broad financial statements or management discussion, the EPS figures presented are crucial for investors assessing the company's profitability and performance trends during the first half of 2001. The decline in EPS suggests potential headwinds or increased expenses impacting earnings.
Key Highlights
- 1Basic EPS for the six months ended June 30, 2001, was $0.61, a significant decrease from $1.04 reported for the same period in 2000.
- 2Diluted EPS for the six months ended June 30, 2001, was $0.60, compared to $1.03 in the prior year's comparable period.
- 3EPS for the three months ended June 30, 2001, was $0.16 (basic) and $0.15 (diluted), showing a substantial decline from the $0.60 (basic) and $0.59 (diluted) reported for the three months ended June 30, 2000.
- 4The weighted average number of basic shares outstanding increased slightly in 2001 to 93,391,830 from 92,985,940 in 2000 for the six-month period.
- 5Potential dilutive shares from outstanding options increased in 2001, though the net dilutive effect was reduced compared to the prior year due to market value purchases.
- 6The filing includes amendments to the company's bylaws and an Agreement and Release dated July 1, 2001, involving company executives.
- 7No reports on Form 8-K were filed during the period.