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W.W. Grainger, Inc. (GWW) Q1 2026 Earnings Call Transcript
2026-05-08 · via All Articles on Seeking Alpha

W.W. Grainger, Inc. (GWW) Q1 2026 Earnings Call May 7, 2026 11:00 AM EDT

Company Participants

Kyle Bland - Vice President of Investor Relations
Donald Macpherson - Chairman & CEO
Deidra Merriwether - CFO & Senior VP

Conference Call Participants

David Manthey - Robert W. Baird & Co. Incorporated, Research Division
Jacob Levinson - Melius Research LLC
Ryan Merkel - William Blair & Company L.L.C., Research Division
Christopher Snyder - Morgan Stanley, Research Division
Christopher Glynn - Oppenheimer & Co. Inc., Research Division
Andrew Obin - BofA Securities, Research Division
Stephen Volkmann - Jefferies LLC, Research Division
Deane Dray - RBC Capital Markets, Research Division
Guy Drummond Hardwick - Barclays Bank PLC, Research Division
Patrick Baumann - JPMorgan Chase & Co, Research Division
Thomas Moll - Stephens Inc., Research Division

Presentation

Operator

Greetings, and welcome to the W.W. Grainger First Quarter 2026 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce Kyle Bland, Vice President of Investor Relations. Thank you. You may begin.

Kyle Bland
Vice President of Investor Relations

Good morning. Welcome to Grainger's First Quarter 2026 Earnings Call. With me are D.G. Macpherson, Chairman and CEO; and Dee Merriwether, Senior Vice President and CFO.

As a reminder, some of our comments today may include forward-looking statements that are subject to various risks and uncertainties. Additional information regarding factors that could cause actual results to differ materially is included in the company's most recent Form 8-K and other periodic reports filed with the SEC.

This morning's call includes non-GAAP financial measures, which reflect certain adjustments in previous periods as noted in the presentation. There were no adjusting items in the first quarter 2026 period. We have also included organic revenue adjustments in the presentation, which normalized sales growth to reflect our exit from the U.K. market, including the Cromwell divestiture and the closure of