Grainger reports record sales, earnings for third quarter

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Chicago—Industrial supply company Grainger Tuesday reported record sales and earnings for the third quarter. Sales of $1.8 billion were up 11% from the third quarter of 2007. Net earnings increased 28% to $140 million.

“Going forward, the credit crisis and its effect on the economy create uncertainty; however, our national scale and local inventory availability help customers be more efficient as they maintain their facilities during these challenging times,” James T. Ryan, Grainger’s president-CEO, said in a statement.

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