{"schema_version":"secwatch.filing_event.v1","accession":"0000277135-23-000019","form_type":"8-K","ticker":"GWW","cik":"0000277135","company_name":"W.W. GRAINGER, INC.","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.693945+00:00","generated_at":"2026-06-16T09:35:54.518156+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Grainger Q1 EPS $9.61 (+36% YoY); raises FY EPS guidance to $34.25-$36.75","bullets":["Sales $4.1B, up 12.2% YoY; daily constant currency growth 14.5%.","Operating earnings $680M (+27.4%); operating margin 16.6% (+200 bps).","Diluted EPS $9.61, up 36% from $7.07; raised FY EPS to $34.25-$36.75 (from $32-$34.50).","Gross margin 39.9% (+200 bps) driven by freight efficiencies and favorable product mix.","Operating cash flow $454M; returned $229M to shareholders via dividends and buybacks."],"urls":{"canonical":"https://secwatch.observer/filing/0000277135-23-000019","json":"https://secwatch.observer/filing/0000277135-23-000019.json","markdown":"https://secwatch.observer/filing/0000277135-23-000019.md","text":"https://secwatch.observer/filing/0000277135-23-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/277135/000027713523000019/0000277135-23-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/277135/000027713523000019/gww-20230427.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T09:35:54.518156+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b045a7b1e7bf15e295680b646ff2e3335c6a709b","claim":"W.W. GRAINGER, INC. reported first quarter ended March 31, 2023 results: revenue $4.1 billion, net income $488 million, EPS $9.61.","evidence_excerpt":"FOR THE FIRST QUARTER 2023 Continued strong performance amidst resilient demand environment; Company raises full year 2023 guidance First Quarter Highlights • Delivered sales of $4.1 billion, up 12.2%, or 14.5% on a daily, constant currency basis • Generated operating earnings of $680 million, up 27.4%, with operating margin of 16.6%, up 200 basis points • Achieved","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/277135/000027713523000019/0000277135-23-000019-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$4.1 billion"},{"label":"Net income","value":"$488 million"},{"label":"EPS","value":"$9.61"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e3290a49037b8909c35c7ab165ceefee134bbd64","claim":"W.W. GRAINGER, INC. reported full year 2023 results: EPS $34.25 to $36.75. Guidance raised.","evidence_excerpt":"Total Company (1) Previous 2023 Guidance Range (as of February 2, 2023) Updated 2023 Guidance Range (as of April 27, 2023) Net Sales $16.2 - $16.8 billion $16.2 - $16.8 billion Sales Growth 6.6% - 10.6% 6.6% - 10.6% Daily Sales Growth 7.0% - 11.0% 7.0% - 11.0% Gross Profit Margin 38.1% - 38.3% 39.1% - 39.4% Operating Margin 14.4% - 14.9% 15.2% - 15.7% Diluted Earnings per Share $32.00 - $34.50 $34.25 - $36.75 Operating Cash Flow $1.45 - $1.65 billion $1.6 - $1.8 billion CapEx (cash basis) $450 - $525 million $450 - $525 million Share Buyback $550 - $700 million $650 - $800 million Effective Tax Rate ~25.0% ~24.0% Segment Operating Margin High-Touch Solutions N.A. 16.3% - 16.8% 17.3% - 17.8% Endless Assortment 8.6% - 9.0% 7.9% - 8.3% (1) Guidance provided is on an adjusted basis.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/277135/000027713523000019/0000277135-23-000019-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"EPS","value":"$34.25 to $36.75"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}