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GRAINGER (WW) (GWW)
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W.W. Grainger, Inc. : DOJ : WW Grainger Agrees to Pay $70 Million to Settle False-Claims Charges

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12/26/2012 | 10:30pm CEST
   By Tess Stynes 
 

W.W. Grainger Inc. (GWW) agreed to pay $70 million in a settlement of allegations that the hardware distributor submitted false claims under contracts with the U.S. General Services Administration and the U.S. Postal Service, according to the Justice Department.

The settlement resolves issues raised in a post-award General Services Administration audit that apparently showed the Illinois company failed to provide complete and accurate information about its commercial sales practices, including discounts provided to other customers, resulting in the administration paying higher prices, the DOJ said.

The accord also settles allegations that Grainger failed to meet contract requirements to prove "most favored customer" pricing under two Postal Service contracts for sanitation and maintenance supplies, the department said.

A Grainger spokesman wasn't immediately available to comment.

The company is often viewed as a proxy for the U.S. economy because of the its broad product lines and a diverse customer base that includes factories, hospitals and commercial real-estate operators.

Shares were down 56 cents at $198.88 in late trading. The stock is up 6.2% this year.

Write to Tess Stynes at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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Financials ($)
Sales 2018 11 199 M
EBIT 2018 1 279 M
Net income 2018 827 M
Debt 2018 1 722 M
Yield 2018 1,76%
P/E ratio 2018 20,75
P/E ratio 2019 18,77
EV / Sales 2018 1,68x
EV / Sales 2019 1,56x
Capitalization 17 083 M
Chart GRAINGER (WW)
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Grainger (WW) Technical Analysis Chart | GWW | US3848021040 | 4-Traders
Technical analysis trends GRAINGER (WW)
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 291 $
Spread / Average Target -4,5%
EPS Revisions
Managers
NameTitle
Donald G. Macpherson Chairman & Chief Executive Officer
Thomas Okray Chief Financial Officer & Senior Vice President
James D. Slavik Independent Director
Brian P. Anderson Lead Independent Director
Neil S. Novich Independent Director
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