GWW · Consumer

W.W. GRAINGER, INC.

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-08-07

• Competition and Market ShareImportance 23 · Surprise 24
  Grainger operates in a highly fragmented maintenance, repair, and operations product-distribution market. Its High-Touch Solutions business holds a high-single-digit percentage market share in North America, while…

News · 2026-08-06

• Operating Margin DriversImportance 33 · Surprise 50
  Second-quarter operating margin increased 120 basis points year over year to 16.1%. The margin improvement included IEEPA tariff refunds, which provided a material benefit to quarterly profitability. Reports also noted…

News · 2026-08-05

• Revenue Performance and MixImportance 69 · Surprise 40
  Second-quarter 2026 sales reached approximately $5.0 billion, increasing 10.3% year over year and 13.7% on a daily, organic constant-currency basis. Growth was reported across Grainger’s High-Touch Solutions and…
• Operating Margin DriversImportance 33 · Surprise 50
  Second-quarter operating margin increased 120 basis points year over year to 16.1%. The margin improvement included IEEPA tariff refunds, which provided a material benefit to quarterly profitability. Reports also noted…
• Data Center Expansion StrategyImportance 31 · Surprise 42
  Grainger is accelerating investment tied to data-center projects as part of its growth strategy. The company is also emphasizing customer productivity, fulfillment, digital commerce, distribution-network expansion, and…

10-Q · 2026-08-04

• Income Tax Rate ChangesImportance 65 · Surprise 66
  Six-month income tax expense increased $82 million to $392 million, and the effective tax rate rose to 24.9% from 23.5%. Second-quarter income tax expense increased $45 million to $198 million, while the effective tax…
• Operating Income and MarginsImportance 64 · Surprise 56
  Six-month operating earnings increased 18.5% to $1,600 million from $1,350 million, and operating margin expanded to 16.4% from 15.2%. High-Touch Solutions N.A. operating earnings increased 15.6% to $1,374 million,…
• Revenue Performance and MixImportance 54 · Surprise 40
  Six-month net sales increased 10.2% year over year to $9,763 million from $8,860 million, while daily constant-currency sales increased 12.9%. High-Touch Solutions N.A. generated $7,719 million, up 11.2%, and Endless…
• Gross Margin DriversImportance 54 · Surprise 40
  Six-month gross profit increased 12.0% to $3,880 million, and consolidated gross margin expanded 60 basis points to 39.7%. High-Touch Solutions N.A. gross profit rose 12.7% to $3,259 million, with margin increasing 50…
• Operating Cash Flow TrendsImportance 54 · Surprise 40
  Net cash provided by operating activities increased to $1,183 million for the six months ended June 30, 2026 from $1,023 million in the prior-year period. The $160 million increase was primarily attributable to higher…
• End-Market Demand TrendsImportance 54 · Surprise 40
  Grainger’s net sales increased 10% to $5,021 million in the second quarter of 2026 and 10% to $9,763 million for the first six months, with daily organic constant-currency sales rising 14% and 13%, respectively. Both…
• Liquidity and Debt PositionImportance 48 · Surprise 14
  Cash and cash equivalents were $589 million at June 30, 2026, compared with $585 million at December 31, 2025. Grainger reported approximately $1.8 billion of available liquidity at June 30, 2026, including cash,…
• Acquisition / Partnership / DivestitureImportance 47 · Surprise 60
  Grainger exited the U.K. market in the fourth quarter of 2025 by selling the Cromwell business and closing the Zoro U.K. business. The divested and closed businesses were excluded from organic constant-currency…
• Distribution ChannelsImportance 47 · Surprise 22
  Grainger serves customers through a combination of high-touch solutions and endless assortment businesses. High-Touch Solutions N.A. generated $3,967 million of second-quarter sales and $7,719 million for the first six…
• Acquisitions and DivestituresImportance 44 · Surprise 60
  Grainger exited the U.K. market in the fourth quarter of 2025 by selling its Cromwell business and closing the Zoro U.K. business. The divestiture and closure are reflected in the company’s organic constant-currency…
• Geographic Market CommentaryImportance 43 · Surprise 32
  Grainger’s operations are primarily concentrated in North America and Japan. In Japan, MonotaRO’s enterprise customer growth contributed to Endless Assortment sales growth, while unfavorable changes in the U.S.…
• Operating Expense TrendsImportance 42 · Surprise 14
  Six-month SG&A expense increased $165 million, or 7.8%, to $2,280 million, while SG&A declined to 23.3% of sales from 23.9%. High-Touch Solutions N.A. SG&A rose 10.6% to $1,885 million, primarily because of higher…
• Trade Policy and TariffsImportance 40 · Surprise 42
  Recent changes in U.S. and foreign tariff and trade policies are causing intermittent disruptions in global capital markets and supply chains. Grainger is assessing changes to product sourcing, cost management, and…
• Supply Chain ConstraintsImportance 37 · Surprise 42
  Grainger reported intermittent disruptions in global supply chains and stated that it was evaluating sourcing strategies, cost management and customer pricing in response. In High-Touch Solutions N.A., second-quarter…
• Macroeconomic Factors ImpactImportance 29 · Surprise 24
  Grainger reports continued volatility and uncertainty in commodity, labor, transportation, and global capital markets, driven by geopolitical developments and macroeconomic factors. Management is monitoring U.S. and…

8-K · 2026-08-04

• Capital Return ProgramImportance 80 · Surprise 68
  Grainger returned $341 million to shareholders in Q2 2026 through dividends and share repurchases. Cash dividends paid were $145 million, compared with $110 million in Q2 2025. The company repurchased $224 million of…
• Capital Expenditure OutlookImportance 80 · Surprise 68
  Q2 2026 capital expenditures were $111 million, down from $175 million in Q2 2025. First-half capital expenditures totaled $281 million versus $300 million in the prior-year period. Grainger increased its 2026…
• Guidance and OutlookImportance 80 · Surprise 76
  Grainger raised 2026 net-sales guidance to $19.4 billion-$19.7 billion from $19.2 billion-$19.6 billion, with sales growth guidance of 8.4%-10.0%. Daily, organic constant currency sales-growth guidance increased to…
• Guidance / OutlookImportance 80 · Surprise 76
  On August 4, 2026, Grainger increased its full-year 2026 net sales guidance to $19.4–$19.7 billion from $19.2–$19.6 billion, with daily organic constant-currency sales growth raised to 11.5%–13.0% from 9.5%–12.0%. The…
• Gross Margin DriversImportance 68 · Surprise 58
  Q2 2026 gross profit increased 13.0% year over year to $1.984 billion, while gross margin expanded 100 basis points to 39.5%. IEEPA tariff refunds reduced cost of goods sold by $43 million and, together with the U.K.…
• Income Tax Rate ChangesImportance 67 · Surprise 66
  Q2 2026 income tax provision increased to $198 million from $153 million in Q2 2025. The effective tax rate rose to 24.8% from 23.2%, a 160-basis-point increase. Grainger attributed the increase primarily to decreased…
• Liquidity and Debt PositionImportance 57 · Surprise 38
  Cash and cash equivalents were $589 million at June 30, 2026, compared with $585 million at December 31, 2025. Long-term debt was $2.406 billion at June 30, up from $2.362 billion at year-end 2025, while current…
• Market Demand TrendsImportance 54 · Surprise 40
  Total company sales increased 10.3% year over year in the second quarter of 2026, or 13.7% on a daily, organic constant-currency basis. High-Touch Solutions - N.A. sales increased 11.9%, driven by volume growth and…
• Operating Income and MarginsImportance 52 · Surprise 30
  Q2 2026 operating earnings increased 19.0% year over year to $807 million. Operating margin rose 120 basis points to 16.1%, reflecting gross margin improvement in both segments, improved sales leverage in Endless…
• Revenue Performance and MixImportance 49 · Surprise 22
  Q2 2026 net sales increased 10.3% year over year to $5.021 billion, or 13.7% on a daily, organic constant currency basis. High-Touch Solutions - N.A. sales rose 11.9% reported and 11.7% on a daily, constant currency…
• Operating Cash Flow TrendsImportance 41 · Surprise 22
  Q2 2026 operating cash flow increased to $444 million from $377 million in Q2 2025. Net earnings supported cash generation, but unfavorable working capital included a $207 million accounts-receivable outflow and a $177…

News · 2026-08-04

• Revenue Performance and MixImportance 69 · Surprise 40
  Second-quarter 2026 sales reached approximately $5.0 billion, increasing 10.3% year over year and 13.7% on a daily, organic constant-currency basis. Growth was reported across Grainger’s High-Touch Solutions and…
• Market Demand TrendsImportance 69 · Surprise 40
  Grainger reported broad-based demand improvement across its High-Touch Solutions and Endless Assortment segments in the second quarter. Sales grew 13.7% on a daily, organic constant-currency basis, exceeding the 10%…
• Guidance and OutlookImportance 51 · Surprise 60
  Grainger increased its full-year 2026 outlook following the second-quarter results. The revised adjusted diluted EPS range is $45.50 to $47.25. The company also raised its full-year net-sales outlook, reflecting…
• Operating Margin DriversImportance 33 · Surprise 50
  Second-quarter operating margin increased 120 basis points year over year to 16.1%. The margin improvement included IEEPA tariff refunds, which provided a material benefit to quarterly profitability. Reports also noted…
• Capital Return ProgramImportance 31 · Surprise 6
  Grainger generated $444 million of operating cash flow in the second quarter of 2026. The company returned $341 million to shareholders through dividends and share repurchases during the quarter. A quarterly dividend…
• Competition and Market ShareImportance 23 · Surprise 24
  Grainger operates in a highly fragmented maintenance, repair, and operations product-distribution market. Its High-Touch Solutions business holds a high-single-digit percentage market share in North America, while…