W.W. Grainger reported in July a 24 percent increase in earnings per share for the second quarter ended June 30, 2005. Earnings per share of 89 cents versus 72 cents in the 2004 quarter set an all-time, second-quarter high, according to the company. Net earnings were up 22 percent to $82 million.

"Our performance in the second quarter reflects our disciplined customer-service approach. It also demonstrates the true earnings potential of this business," said Richard L. Keyser, chairman and CEO of the $5 billion general-line distribution company. "Given our strong performance to date, we've raised the range of our 2005 earnings per share guidance from $3.20 to $3.45, to $3.40 to $3.60."

Grainger reported strong results in its branch-based distribution segment and Lab Safety Supply division, and noted that much of its metro-market expansion plan (announced last year) is complete.

Sales for the six months ended June 30 were $2.7 billion, up 9 percent versus the first six months of 2004. Net earnings increased 20 percent to $154 million versus $129 million in 2004. Earnings per share increased 19 percent to $1.68 from $1.41.