---
schema_version: "secwatch.filing_event.v1"
accession: "0000277135-23-000051"
form_type: "8-K"
ticker: "GWW"
cik: "0000277135"
company_name: "W.W. GRAINGER, INC."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:02:33.033953+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Grainger Q2 EPS $9.28, sales +9%; raises FY 2023 guidance midpoint

## Summary
- Diluted EPS $9.28, up 29.1% YoY; operating earnings $661M, up 23.5%.
- Sales $4.18B, up 9.0% reported, 10.1% daily constant currency.
- Gross margin 39.3% (+170 bps); operating margin 15.8% (+190 bps).
- FY 2023 guidance raised: revenue $16.4-16.8B, EPS $35.00-36.75, daily sales growth 8.5-11%.
- Generated $450M operating cash flow; returned $265M via dividends/buybacks.

## SEC filing metadata
- accession: 0000277135-23-000051
- form_type: 8-K
- ticker: GWW
- cik: 0000277135
- company_name: W.W. GRAINGER, INC.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/277135/000027713523000051/0000277135-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/277135/000027713523000051/gww-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000277135-23-000051
- JSON: https://secwatch.observer/filing/0000277135-23-000051.json
- Plain text: https://secwatch.observer/filing/0000277135-23-000051.txt

## Key facts
- Earnings Releases
  W.W. GRAINGER, INC. reported the second quarter ended June 30, 2023 results: revenue $4,182, net income $470, EPS $9.28.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $4,182
  - Net income: $470
  - EPS: $9.28
  - Result: reported results
  source text: Net Sales $4,182 $3,837 9.0% Gross Profit $1,644 $1,441 14.0% Operating Earnings $661 $534 23.5% Net Earnings Attributable to W.W. Grainger, Inc. $470 $371 26.5% Diluted Earnings Per Share $9.28 $7.19 29.1% Gross Profit Margin 39.3% 37.6% 170 bps Operating Margin 15.8% 13.9% 190 bps Effective Tax Rate 24.0% 24.8% 80 bps
  evidence_url: https://www.sec.gov/Archives/edgar/data/277135/000027713523000051/0000277135-23-000051-index.htm
- Earnings Releases
  W.W. GRAINGER, INC. updated its full year 2023 guidance (raised).
  - Period: full year 2023
  - Guidance: raised
  - Result: guidance update
  source text: Raising midpoint of full year 2023 total Company revenue and EPS guidance ranges, including daily sales growth of 8.5% to 11% and diluted EPS of $35.00 to $36.75 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/277135/000027713523000051/0000277135-23-000051-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.