Net income for the quarter was $96.4 million, down from $114.2 million in the year-ago quarter, the story stated.
W.W. Grainger President and Chief Executive Jim Ryan said: "We do not believe that we''ve seen the bottom to the sales decline and expect increased pricing pressure throughout the remainder of the year."
Total quarterly revenue fell 11 percent to $1.47 billion, narrowly missing analysts'' expectations of $1.49 billion, the story noted.
