Financial Data and Key Metrics Changes - The company reported a sales growth of 12.2%, or 14.5% on a daily constant currency basis for the first quarter of 2023 [10] - Total company operating margins increased to 16.6%, a rise of 200 basis points year-over-year, driven by improved gross margin performance [11] - Earnings per share (EPS) reached $9.61, reflecting a 36% increase compared to the first quarter of 2022 [39] Business Line Data and Key Metrics Changes - The High-Tech Solutions segment experienced daily sales growth of 14.5%, with gross profit margin finishing at 42.4%, up 195 basis points year-over-year [14][15] - The Endless Assortment segment saw sales increase by 3.8%, or 14% on a daily constant currency basis, with MonotaRO achieving 12% growth in local currency [43] - Zoro's sales were impacted by a slower start than anticipated, particularly in non-core B2C business, which was down in the mid-teens year-over-year [43][78] Market Data and Key Metrics Changes - The US MRO market is estimated to have grown between 7% and 8%, with the company achieving approximately 750 basis points of outgrowth in the quarter [42] - Canadian daily sales increased by 11% in local currency, indicating stable economic conditions in Canada [40] Company Strategy and Development Direction - The company is focused on enhancing customer service and inventory management capabilities, aiming to consistently outgrow the US MRO market by 400 to 500 basis points in any economic cycle [17] - Continued investments in marketing and technology are expected to drive customer acquisition and assortment expansion [19] Management's Comments on Operating Environment and Future Outlook - Management noted that while industrial customers are experiencing solid demand, consumer-facing sectors are entering a softer demand cycle [8] - The company raised its full-year 2023 guidance based on strong Q1 performance and positive trends observed in April [12][22] Other Important Information - The company generated record operating cash flow of $454 million and free cash flow of $356 million, returning $229 million to shareholders through dividends and share repurchases [36] - Grainger was recognized as one of the Fortune 100 Best Companies to Work For for the second consecutive year [24] Q&A Session Summary Question: Can you discuss the price cost dynamic and customer response? - Management indicated that share gains have primarily been on volume rather than price, maintaining competitive pricing [54] Question: What is the outlook for gross margin performance for the full year? - Management expressed confidence in maintaining gross margins above the long-term target of 40%, despite expected price/cost negativity in the coming quarters [57] Question: How is the Canadian business performing? - The Canadian business is on track with growth and profitability improvements, with management feeling positive about its trajectory [63] Question: What are the expectations for Zoro's performance moving forward? - Management expects Zoro to achieve low double-digit growth for the year, despite some challenges in non-core areas [78] Question: How is the company managing logistics and freight costs? - Management noted improvements in supply chain performance and reduced freight expenses due to better product availability and shipping efficiencies [81][92] Question: What is the company's stance on M&A opportunities? - While M&A remains a consideration, management does not see significant opportunities on the horizon at this time [108]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _______ Commission file number 1-5684 W.W. Grainger, Inc. (Exact name of registrant as specified in its charter) Illinois 36-1150280 (I.R.S. Employer Ide ...

W.W. Grainger, Inc. (NYSE:GWW) Q4 2022 Results Conference Call February 2, 2023 11:00 AM ET Company Participants Kyle Bland - Vice President, Investor Relations D.G. Macpherson - Chairman & Chief Executive Officer Dee Merriwether - Senior Vice President & Chief Financial Officer Conference Call Participants Tommy Moll - Stephens Ryan Merkel - William Blair Deane Dray - RBC Capital Markets Chris Snyder - UBS Jake Levinson - Melius Research Christopher Glynn - Oppenheimer David Manthey - Baird Ken Newman - Ke ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _______ Commission file number 1-5684 W.W. Grainger, Inc. (Exact name of registrant as specified in its charter) Illinois 36-1150280 (State or o ...

NYSE: GWW Q3 2022 Earnings Call October 28, 2022 A Safe Harbor Statement and Non-GAAP Financial Measures | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

W.W. Grainger, Inc. (NYSE:GWW) Q3 2022 Earnings Conference Call October 28, 2022 11:00 AM ET Company Participants Kyle Bland - Vice President, Investor Relations D.G. Macpherson - Chairman & Chief Executive Officer Dee Merriwether - Senior Vice President & Chief Financial Officer Conference Call Participants Tommy Moll - Stephens David Manthey - Baird Josh Pokrzywinski - Morgan Stanley Jake Levinson - Melius Research Deane Dray - RBC Capital Markets Ryan Merkel - William Blair Chris Snyder - UBS Christopher ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _______ Commission file number 1-5684 W.W. Grainger, Inc. (Exact name of registrant as specified in its charter) Illinois 36-1150280 (State or other ...

W.W. Grainger, Inc. (NYSE:GWW) Q2 2022 Earnings Conference Call July 29, 2022 11:00 AM ET Company Participants Kyle Bland - Vice President of Investor Relations D.G. Macpherson - Chairman & Chief Executive Officer Dee Merriwether - Senior Vice President & Chief Financial Officer Conference Call Participants Ryan Merkel - William Blair Tommy Moll - Stephens Deane Dray - RBC Capital Markets David Manthey - Baird Hans Hoffman - Jefferies Nigel Coe - Wolfe Research Christopher Glynn - Oppenheimer Josh Pokrzyw ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _______ Commission file number 1-5684 W.W. Grainger, Inc. (Exact name of registrant as specified in its charter) Illinois 36-1150280 (State or other ...

W.W. Grainger, Inc. (NYSE:GWW) Q1 2022 Earnings Conference Call April 28, 2022 11:00 AM ET Company Participants Kyle Bland - Vice President of Investor Relations Don Macpherson - Chairman & Chief Executive Officer Dee Merriwether - Chief Financial Officer & Senior Vice President Conference Call Participants Jake Levinson - Melius Research Ryan Merkel - William Blair Nigel Coe - Wolfe Research David Manthey - Baird Josh Pokrzywinski - Morgan Stanley Chris Snyder - UBS Hans Hoffman - Jefferies Deane Dray - RB ...