Earnings summaries and quarterly performance for W.W. GRAINGER.
Executive leadership at W.W. GRAINGER.
Board of directors at W.W. GRAINGER.
BP
Beatriz Perez
Detailed
Director
CK
Christopher Klein
Detailed
Director
CM
Cindy Miller
Detailed
Director
ES
E. Scott Santi
Detailed
Lead Independent Director
GD
George Davis
Detailed
Director
KJ
Katherine Jaspon
Detailed
Director
LW
Lucas Watson
Detailed
Director
NN
Neil Novich
Detailed
Director
RA
Rodney Adkins
Detailed
Director
SW
Steven White
Detailed
Director
SS
Susan Slavik Williams
Detailed
Director
Research analysts who have asked questions during W.W. GRAINGER earnings calls.
David Manthey
Robert W. Baird & Co. Incorporated
7 questions for GWW
Also covers: AIT, BECN, BLDR +13 more
RM
Ryan Merkel
William Blair & Company
7 questions for GWW
Also covers: AAON, AYI, AZEK +15 more
Christopher Glynn
Oppenheimer & Co. Inc.
6 questions for GWW
Also covers: AIT, AME, AYI +16 more
Christopher Snyder
Morgan Stanley
6 questions for GWW
Also covers: ALH, ALLE, AME +21 more
Jacob Levinson
Melius Research
6 questions for GWW
Also covers: CGNX, VLTO
PB
Patrick Baumann
JPMorgan Chase & Co.
5 questions for GWW
Also covers: ATS, CNM, FAST +5 more
SA
Sabrina Abrams
Bank of America
5 questions for GWW
Also covers: AIT, ITT, ITW
Deane Dray
RBC Capital Markets
4 questions for GWW
Also covers: AME, ATKR, CARR +21 more
Tommy Moll
Stephens Inc.
4 questions for GWW
Also covers: CARR, CGNX, DGII +12 more
Christopher Dankert
Loop Capital Markets
3 questions for GWW
Also covers: AIT, ATKR, BDC +10 more
Kenneth Newman
KeyBanc Capital Markets
3 questions for GWW
Also covers: AIT, BOOM, CGNX +10 more
Thomas Moll
Stephens Inc.
3 questions for GWW
Also covers: CARR, CGNX, DGII +13 more
CD
Chris Dankert
Loop Capital
2 questions for GWW
Also covers: AIT, ATKR, MSM +1 more
CL
Connor Lynagh
Bernstein
2 questions for GWW
GH
Guy Hardwick
Freedom Capital Markets
2 questions for GWW
Also covers: APH, MANH, PI +7 more
SV
Stephen Volkmann
Jefferies
2 questions for GWW
Also covers: AGCO, CARR, CAT +21 more
JL
Jake Levinson
Melius Research LLC
1 question for GWW
Also covers: XYL
Katie Fleischer
KeyBanc Capital Markets
1 question for GWW
Also covers: CGNX, DSGR, EMR +3 more
RC
Ryan Cooke
William Blair & Company
1 question for GWW
Also covers: FAST, FERG, MSM
Recent press releases and 8-K filings for GWW.
Grainger reports Q4 2025 earnings and 2026 outlook
GWW
Earnings
Guidance Update
- Grainger delivered 4.5% reported sales growth (4.9% daily organic constant currency) to $17.9 billion in 2025, with 15% operating margin, $39.48 adjusted EPS, $2 billion operating cash flow, and $1.5 billion returned to shareholders.
- In Q4 2025, total daily sales grew 4.5% reported (4.6% organic), gross margin was 39.5%, operating margin declined 70 bps, and diluted EPS was $9.44. High-Touch Solutions sales rose 2.2% (42.3% gross margin; 15.8% operating margin), while Endless Assortment grew 14.3% (15.7% organic) with operating margin up 200 bps to 10.6%.
- For 2026, Grainger expects revenue of $18.7–$19.1 billion, daily organic constant currency growth of 6.5–9%, High-Touch Solutions growth of 5–7.5%, Endless Assortment growth of 12.5–15%, and total operating margin of 15.4–15.9%.
- Capital allocation plans include $2.1–$2.3 billion in operating cash flow, $550–$650 million in CapEx, ~$1 billion in share repurchases, and a high-single to low-double digit dividend increase.
4 days ago
Grainger reports Q4 2025 results
GWW
Earnings
Guidance Update
- Grainger reported Q4 2025 sales of $4.425 billion, a 4.5% increase year-over-year, with daily sales up to 69.1 (4.5% growth).
- Q4 operating margin declined to 14.3% (down 70 bps), gross profit margin was 39.5%, SG&A at 25.2% of sales, delivering diluted EPS of $9.44, down 2.8%.
- Full-year 2025 sales grew 4.5% (4.9% in daily, organic constant currency), operating margin held at 15.0%, ROIC at 39.1%, operating cash flow was $2.0 billion, returning $1.5 billion to shareholders.
- 2026 guidance includes net sales of $18.7–19.1 billion, daily organic constant currency growth of 6.5–9.0%, operating margin of 15.4–15.9%, and operating cash flow of $2.125–2.325 billion.
4 days ago
W.W. Grainger reports Q4 2025 results and 2026 outlook
GWW
Earnings
Guidance Update
New Projects/Investments
- For full year 2025, Grainger delivered 4.5% sales growth to $17.9 billion, 15% operating margin, $39.48 adjusted EPS, 39.1% ROIC, and generated $2 billion operating cash flow, returning $1.5 billion to shareholders.
- In Q4 2025, daily organic constant currency sales rose 4.6% (normalized to ~6.5%), with $9.44 diluted EPS; High-Touch Solutions grew 2.1% organic (42.3% gross margin) while Endless Assortment grew 15.7% organic with segment margin of 10.6%.
- 2026 guidance targets $18.7–$19.1 billion revenue (6.5–9.0% organic growth), 15.4–15.9% operating margin, and $42.25–$44.75 EPS, supported by $550–650 million CapEx and ~$1 billion of share repurchases.
- Continued strategic investments include net 85,000 SKU additions in merchandising, adding 110 new sellers, expanding KeepStock services, and advancing AI/ML capabilities across channels, alongside supply chain capacity expansions in the U.S. and Japan.
4 days ago
Grainger reports Q4 and FY 2025 results
GWW
Earnings
Guidance Update
- Full-year 2025 sales reached $17.9 B, up 4.5% reported (4.9% daily organic constant currency); operating margin was 15%, EPS $39.48, and operating cash flow was $2 B, returning $1.5 B to shareholders.
- In Q4 2025, daily sales grew 4.5% (4.6% organic constant currency) and EPS was $9.44, down 2.8% year-over-year.
- High-Touch Solutions Q4 sales rose 2.1% organic constant currency with operating margin at 15.8% (down 120 bp), while Endless Assortment sales grew 15.7% organic constant currency and margin improved 200 bp to 10.6%.
- For 2026, Grainger forecasts revenue of $18.7 B–$19.1 B (6.5%–9% daily organic constant currency growth), operating margin of 15.4%–15.9%, and EPS of $42.25–$44.75.
4 days ago
Grainger reports Q4 and full-year 2025 results
GWW
Earnings
Guidance Update
Share Buyback
- Delivered Q4 2025 sales of $4.4 billion, up 4.5% (4.6% daily, organic constant currency) and FY 2025 sales of $17.9 billion, up 4.5% (4.9% daily, organic constant currency)
- Reported Q4 diluted EPS of $9.44, down 2.8%; FY 2025 EPS of $35.40 (reported, down 8.6%) and $39.48 (adjusted, up 1.3%)
- Generated $2.0 billion in full-year operating cash flow and returned $1.5 billion to shareholders through dividends and share repurchases
- Issued 2026 guidance of $18.7–$19.1 billion in net sales, 6.5%–9.0% daily organic constant currency sales growth, $42.25–$44.75 diluted EPS, and $2.125–$2.325 billion in operating cash flow
4 days ago
Grainger reports Q4 and full year 2025 results
GWW
Earnings
Guidance Update
Share Buyback
- Net sales of $4.4 billion in Q4, up 4.5% (4.6% daily organic constant currency); full year sales of $17.9 billion, up 4.5% (4.9% daily organic constant currency).
- Operating margin of 14.3% in Q4, down 70 bps; diluted EPS of $9.44, down 2.8%. For FY, margin was 13.9% (15.0% adjusted) and EPS was $35.40 (adjusted $39.48).
- Generated $2.0 billion of operating cash flow and $1.3 billion of free cash flow in 2025; $1.5 billion returned to shareholders through dividends and share repurchases.
- 2026 guidance: net sales growth of 4.2%–6.7% (6.5%–9.0% daily organic constant currency), gross margin of 39.2%–39.5%, operating margin of 15.4%–15.9%, and EPS of $42.25–$44.75.
4 days ago
Grainger reports Q3 2025 results
GWW
Earnings
Guidance Update
Share Buyback
- Delivered $4.657 billion in sales, up 6.1% year-over-year, with diluted EPS of $10.21, up 3.4% versus Q3 2024.
- Generated operating cash flow of $597 million and returned $399 million to shareholders through dividends and share repurchases.
- High-Touch Solutions sales grew 3.4% to $3.635 billion, while Endless Assortment sales rose 18.2% to $935 million, with respective margin pressures and gains.
- Narrowed FY 2025 guidance to sales of $17.8 – 18.0 billion (+3.9% – 4.7%), gross margin of 38.9% – 39.1%, and adjusted EPS of $39.00 – 39.75.
- Tariff-related LIFO headwind of 0.8% – 0.9% on gross margin (~$140 – 160 million) expected to normalize by mid-2026, stabilizing run-rate at ~39%.
Oct 31, 2025, 3:00 PM
Grainger reports Q3 2025 results
GWW
Earnings
M&A
Guidance Update
- Q3 sales of $4.7 billion (+6.1% reported, +5.4% constant currency), gross margin 38.6%, operating margin 15.2%, and diluted EPS $10.21 (+3.4%), with $597 million in operating cash flow and $399 million returned to shareholders.
- Agreed to divest UK-based Cromwell business and fully exit the UK market, refocusing on North America and Japan; expects ~$40 million of held-for-sale fourth-quarter revenues and ~20 bp annual operating margin benefit upon exit.
- High-touch Solutions segment sales up 3.4% with a 17.2% operating margin; Endless Assortment segment sales up 18.2% (Zoro U.S. +17.8%, MonotaRO +12.6%) driving operating margin to 9.8%.
- Tariff-related LIFO inventory valuation headwinds drove a 60 bp gross margin decline; company anticipates gross margin recovery to ~39% as LIFO impacts subside and pricing actions normalize.
Oct 31, 2025, 3:00 PM
Grainger reports Q3 2025 results
GWW
Earnings
Guidance Update
M&A
- Grainger delivered Q3 sales of $4.7 billion (up 6.1% reported; 5.4% daily constant currency), with gross margin at 38.6%, operating margin 15.2%, and diluted EPS of $10.21 (up $0.34 or 3.4%).
- Results included tariff-related LIFO inventory valuation headwinds that were lighter than expected; excluding LIFO, operating margin would have risen year-over-year.
- The endless assortment segment achieved 18.2% reported sales growth (14.6% constant currency), with Zoro US up 17.8% and MonotaRO up 12.6%; segment operating margin improved 100 bps to 9.8%.
- Announced agreement to sell UK-based Cromwell business, fully exiting the UK to focus on North America and Japan.
- Updated 2025 outlook: daily organic constant currency sales growth of 4.4–5.1% and adjusted diluted EPS of $39.00–$39.75; Q4 implied organic growth ~4% and operating margin ~14.5% midpoint.
Oct 31, 2025, 3:00 PM
Grainger reports Q3 2025 results
GWW
Earnings
Guidance Update
- Total company sales of $4.7 billion (+6.1% reported; +5.4% daily constant currency), gross margin 38.6%, operating margin 15.2%, and diluted EPS of $10.21 (+$0.34); operating cash flow of $597 million funded $399 million in dividends and share repurchases.
- High-touch solution segment sales +3.4% (driven by volume and price), gross profit margin 41.1% and operating margin 17.2%; endless assortment segment sales +18.2% reported (Zoro US +17.8%; MonotaRO +12.6%), operating margin 9.8%.
- LIFO inventory valuation headwinds totaled ~60 bps drag but were lighter than expected; implied FIFO margin would have grown year over year, and LIFO impacts are forecast to persist into 2026 until inflation cools.
- Updated full-year 2025 guidance: daily organic constant currency sales growth of 4.4–5.1% and adjusted EPS of $39.00–$39.75; Q4 implied sales growth ~4% with operating margin ~14.5%; long-term gross margins expected to stabilize around 39%.
Oct 31, 2025, 3:00 PM
Quarterly earnings call transcripts for W.W. GRAINGER.
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