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15:00
Aug 04 ◎

GWW FY2026 Q2 Watch

W.W. Grainger, Inc. (GWW) FY2026 Q2 Earnings Call

GWW ▾

D. Jimmy Fiersen

Management is raising full-year guidance due to strong momentum, broad-based demand acceleration, and better-than-expected top-line leverage, indicating confidence in continued profitable growth despite fluid external conditions.

"Building on our momentum from the start of the year, we delivered strong performance in the second quarter by executing well and delivering exceptional service to customers."

GWW WATCH

HIGH

15:00
May 07 ◎

GWW FY2026 Q1 Watch

W.W. Grainger, Inc. (GWW) FY2026 Q1 Earnings Call

GWW ▾

DJ McPherson

Management is confident in the demand environment and its ability to execute, raising full-year guidance on strong Q1 results and sustained momentum into April.

"we are increasing our 2026 guidance to reflect the strong start and continued momentum we are seeing"

GWW WATCH

HIGH

16:00
Feb 03 ◎

GWW FY2025 Q4 Watch

W.W. Grainger, Inc. (GWW) FY2025 Q4 Earnings Call

NJ FAST BA ▾

D.J. McPherson

Grainger indicates that demand is bifurcating: some manufacturing areas (like aerospace and data centers) are strong, while others are weak. This suggests companies feeding those specific robust end-markets may be outperforming.

"From an in-market perspective, our indicators suggest the MRO market gained momentum sequentially but remained muted in the period. For Grainger specifically, we saw strong performance with contractor and manufacturing customers..."

NJ WATCH

Dean Merriweather

Grainger's comparison to peer set (which includes Fastenal) suggests its gross margin performance is strong relative to those that do not have the LIFO headwind; Fastenal may be facing similar tariff/LIFO issues, but Grainger highlights that its FIFO margins are expanding.

"Similar to last quarter, if we excluded the LIFO headwind and we wanted to compare ourselves to our peer set which report on LIFO, on FIFO, our implied FIFO gross margin rate would have increased year over year with price costs roughly"

FAST WATCH

Dean Merriweather

Grainger highlights strong tailwinds in aircraft manufacturing and data center build-outs, two areas where Boeing and large tech companies are key customers, suggesting strong MRO demand from these sectors.

"These dynamics are driving bifurcation across industries where tariffs are impacting demand in some industries while others are experiencing a tailwind, notably those tied to aircraft manufacturing and data center build-outs."

BA WATCH

HIGH

15:00
Oct 31 ◎

GWW FY2025 Q3 Watch

W.W. Grainger, Inc. (GWW) FY2025 Q3 Earnings Call

GWW FAST MSM ▾

D. Merriweather

Management maintains a stable outlook, emphasizing underlying performance despite near-term headwinds from tariffs, LIFO, the government shutdown, and the UK exit, expecting gross margins to stabilize around 39%.

"While we will experience continued segment mix headwinds and some pressure within a subset of our private label assortment, these will be offset as price cost normalizes back to neutral and the LIFO impact subsides."

GWW WATCH

D. Merriweather

LIFO inventory accounting is amplifying reported gross margin headwinds by roughly 70bps vs FIFO peers; as inflation cools, Grainger expects margins to recover, potentially leaving peers (on FIFO) facing tougher comparisons. — Peers using FIFO may face margin pressure as they work through higher-cost inventory layers, potentially making Grainger's margin trajectory appear stronger.

"if we excluded our LIFO headwind and wanted to compare across our peer set, which report on FIFO, our implied FIFO gross margin rate would have increased year over year."

FAST WATCH MSM WATCH

HIGH

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