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These excerpts taken from the GWW 10-K filed Feb 27, 2009. Volatility
in commodity prices may adversely affect operating margins. Some of
Grainger’s products contain significant amounts of commodity-priced materials,
such as steel, copper, or oil, and are subject to price changes based upon
fluctuations in the commodities market. Grainger’s ability to pass on increases
in costs depends on market conditions. The inability to pass along costs
increases could result in lower operating margins. In addition, higher prices
could impact demand for these products resulting in lower sales
volumes.
Volatility in commodity prices may adversely affect operating margins. Some of Grainger’s products contain significant amounts of commodity-priced materials, such as steel, copper, or oil, and are subject to price changes based upon fluctuations in the commodities market. Grainger’s ability to pass on increases in costs depends on market conditions. The inability to pass along costs increases could result in lower operating margins. In addition, higher prices could impact demand for these products resulting in lower sales volumes. | EXCERPTS ON THIS PAGE:
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