GWW · 10-Q · 2026Q2

W.W. GRAINGER, INC.

Filed 2026-08-04 · Consumer · View original filing on EDGAR

Ranked Events

• 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,…
• 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…
• 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…
• 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…
• 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…
• 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,…
• 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…
• 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…
• 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…

Revenue by Product (in millions)

Revenue by Geography (in millions)