Pomerantz LLP is investigating claims on behalf of investors of W.W. Grainger, Inc. ("Grainger" or the "Company") (NYSE: GWW). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether Grainger and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On October 16, 2018, W.W. Grainger reported the Company's financial and operating results for the third quarter of 2018. Among other results, W.W. Grainger reported earnings of $104.4 million, or $1.82 per share, down 36% from a year earlier, citing a $139 million impairment charge related to its Cromwell business in the U.K., reflecting a slower growth trajectory and structural issues.
Following this news, W.W. Grainger's stock price fell $38.00 per share, or 11.95%, to close at $280.01 per share on October 16, 2018.