Grainger Provides Outlook At Analyst Meeting

                 Grainger Provides Outlook At Analyst Meeting

Narrows 2012 EPS Guidance of $10.55 to $10.75*

Issues 2013 EPS Guidance of $10.85 to $12.00

PR Newswire

CHICAGO, Nov. 14, 2012

CHICAGO, Nov. 14, 2012 /PRNewswire/ -- Grainger (NYSE: GWW), the leading broad
line supplier of maintenance, repair and operating (MRO) products serving
businesses and institutions, today held its Annual Analyst Meeting in Lake
Forest, Illinois. Chairman, President and Chief Executive Officer, Jim Ryan
hosted the event. The meeting also included presentations from other Grainger
leaders.

"Grainger is well positioned to meet the needs of businesses and institutions
as they look to manage the MRO products used to maintain their facilities. We
continue to see significant potential to gain share in the global MRO market.
We have a strong, deliberate strategy and are managing the business for the
long-term, generating solid returns for our shareholders and running a healthy
business regardless of the economic conditions," said Mr. Ryan.

As part of the meeting, Grainger provided the following outlook for sales and
earnings in 2012 and 2013:

  oFor the 2012 fourth quarter, the company is forecasting sales to increase
    7 percent to 9 percent and expects earnings per share of $2.55 to $2.75. 
  oFor the full year 2012, the company reiterated its sales growth forecast
    of 11 percent to 12 percent, and narrowed its earnings per share guidance
    to a new range of $10.55 to $10.75*, excluding the reserve adjustment
    related to the expected settlement with the Department of Justice
    announced on October 16, 2012. This replaces the company's previous
    earnings per share guidance of $10.50 to $10.80 issued on July 18, 2012.
  oFor the full year 2013, the company is forecasting sales growth of 2
    percent to 8 percent and expects earnings per share of $10.85 to $12.00.

*Earnings per share guidance of $10.55 to $10.75 excludes $0.66 reserve
adjustment related to the expected settlement with the Department of Justice
announced on October 16, 2012.

Information presented at the Annual Analyst Meeting, including details
supporting the company's guidance and longer term expectations, can be found
in the archived webcast from the meeting available on Grainger's Investor
Relations web site at www.grainger.com/investor.

W.W. Grainger, Inc. with 2011 sales of $8.1 billion is North America's leading
broad line supplier of maintenance, repair and operating products, with
expanding global operations.

Forward-Looking Statements
This document contains forward-looking statements under the federal securities
law. Forward-looking statements relate to the company's expected future
financial results and business plans, strategies and objectives and are not
historical facts. They are generally identified by qualifiers such as
"proposed", "continues to expect", "earnings per share guidance", "EPS
guidance", "sales guidance", or similar expressions. There are risks and
uncertainties, the outcome of which could cause the company's results to
differ materially from what is projected. The forward-looking statements
should be read in conjunction with the company's most recent annual report, as
well as the company's Form 10-K, Form 10-Q and other reports filed with the
Securities & Exchange Commission, containing a discussion of the company's
business and various factors that may affect it.

SOURCE W.W. Grainger, Inc.

Website: http://www.grainger.com
Contact: Media - Jan Tratnik , Senior Director, Corp. Communications & Public
Affairs, O: +1-847-535-4339, M: +1-847-456-8807, or Joe Micucci, Director,
Media Relations, O: +1-847-535-0879, M: +1-847-830-5328; Investors - Laura
Brown, Senior Vice President, Communications & Investor Relations, O:
+1-847-535-0409, M: +1-847-804-1383, or William Chapman, Senior Director,
Investor Relations, O: +1-847-535-0881, M: +1-847-456-8647
 
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