W.W. GRAINGER, INC. reported the first quarter ended March 31, 2026 results: revenue $4,742, net income $555, EPS $11.65. Guidance raised.
“Grainger (NYSE: GWW) today reported results for the first quarter of 2026 with sales of $4.7 billion, up 10.1%, or 12.2% on a daily, organic constant currency basis, and diluted EPS of $11.65, up 18.2% compared to the first quarter of 2025. “We delivered great results in the first quarter driven by strong execution across both segments,” said D.G. Macpherson, Chairman and CEO. “Despite ongoing uncertainty with tariffs and the broader geopolitical climate, we’re seeing positive signs with the demand environment and are increasing our 2026 guidance to reflect the strong start and continued momentum.” 1 2026 First Quarter Financial Summary ($ in millions, except per share amounts) Q1 2026 (1) Q1 2025 (1) Q1'26 vs. Q1'25 Fav. / (Unfav.) Net Sales $4,742 $4,306 10.1% Gross Profit $1,896 $1,710 10.9% Operating Earnings $793 $672 18.0% Net Earnings Attributable to W.W. Grainger, Inc. $555 $479 15.9% Diluted Earnings Per Share $11.65 $9.86 18.2%”
Governance Changes
W.W. GRAINGER, INC.: Amendments to By-Laws to modernize provisions relating to virtual annual shareholder meetings and remote communications and to update or remove outdated terminology (effective 2025-12-10).
“On December 10, 2025 (the “Effective Date”), the Board of Directors of W.W. Grainger, Inc. (the “Company”) approved amendments to the Company’s By-Laws (the “By-Laws”), effective as of the Effective Date. The amendments reflect updates to modernize and clarify certain provisions relating to virtual annual shareholder meetings and remote communications and update or remove outdated terminology.”
Governance Changes
W.W. GRAINGER, INC.: Adopted conforming changes to Article II, Section 12 and Article III, Section 14 of the Restated By-laws to reflect the elimination of cumulative voting (effective 2025-05-09).
“The Board has also taken action to adopt certain conforming changes to Article II, Section 12 and Article III, Section 14 of the By-laws (“Restated By-laws”), to reflect the elimination of cumulative voting as described in Proposal 4 of the Company’s Proxy Statement, which amendments became effective as of the effectiveness of the Amendment.”
Governance Changes
W.W. GRAINGER, INC.: Amended Article Ten of the Restated Articles of Incorporation to eliminate cumulative voting (effective 2025-05-09).
“As a result of the shareholders’ approval of the proposal, effective May 9, 2025, the Company has amended Article Ten of the Restated Articles of Incorporation as described in Proposal 4 of the Company’s definitive proxy statement dated March 7, 2025 (the “Proxy Statement) to eliminate cumulative voting.”
Matthew E. Fortin departed as Senior Vice President and Chief Human Resources Officer at W.W. GRAINGER, INC..
“On August 26, 2024, W.W. Grainger, Inc. (the “Company”) announced that Matthew E. Fortin, Senior Vice President and Chief Human Resources Officer of the Company, is no longer with the Company effective August 23, 2024.”
Earnings Releases
W.W. GRAINGER, INC. reported first quarter ended March 31, 2024 results: revenue $4.2 billion, EPS $9.62. Guidance reaffirmed.
“RESULTS FOR THE FIRST QUARTER 2024 Strategic focus driving business forward; Company reaffirms full year 2024 guidance ranges First Quarter Highlights • Delivered sales of $4.2 billion, up 3.5%, or 4.9% on a daily, organic constant currency basis • Achieved operating margin of 15.8%, down 80 basis points • Increased diluted EPS by $0.01 to $9.62 • Generated”
Shareholder Votes
W.W. GRAINGER, INC. shareholders approved Advisory approval of Named Executive Officer compensation at the 2024-04-24 meeting.
“A non-binding advisory proposal to approve the compensation of the Company’s Named Executive Officers was approved. Of the 45,443,055 shares present or represented by proxy at the meeting, 40,153,226 shares were voted for the proposal, 2,407,221 shares were voted against the proposal and 77,131 shares abstained from voting with respect to the proposal. There were 2,805,477 broker non-votes.”
Shareholder Votes
W.W. GRAINGER, INC. shareholders approved Ratification of Ernst & Young LLP as independent auditor at the 2024-04-24 meeting.
“A proposal to ratify the appointment of Ernst & Young LLP as independent auditor of the Company for the year ending December 31, 2024 was approved. Of the 45,443,055 shares present or represented by proxy at the meeting, 44,761,880 shares were voted for the proposal, 652,535 shares were voted against the proposal and 28,640 shares abstained from voting with respect to the proposal.”
Shareholder Votes
W.W. GRAINGER, INC. shareholders approved Election of Directors at the 2024-04-24 meeting.
“Management’s nominees were elected as directors of the Company for the ensuing year. Of the 45,443,055 shares present in person or represented by proxy at the meeting, the number of shares voted for, the number of shares voted against, the number of abstentions, and the number of broker non-votes were as follows with respect to each of the nominees: Name Votes For Votes Against Abstentions Broker Non-Votes R. C. Adkins 40,578,544 2,003,591 55,443 2,805,477 G. S. Davis 42,333,150 249,794 54,634 2,805,477 K. D. Jaspon 41,760,892 824,689 51,997 2,805,477 C. J. Klein 42,333,871 250,380 53,327 2,805,477 S. L. Levenick 39,901,602 2,638,394 97,582 2,805,477 D.G. Macpherson 40,011,413 2,458,708 167,457 2,805,477 C. J. Miller 42,239,911 343,912 53,755 2,805,477 N. S. Novich 40,520,464 2,062,864 54,250 2,805,477 B. R. Perez 39,924,777 2,661,511 51,290 2,805,477 E. S. Santi 40,992,655 1,592,252 52,671 2,805,477 S. Slavik Williams 41,798,083 793,157 46,338 2,805,477 L. E. Watson 41,736,070 843,92”
Earnings Releases
W.W. GRAINGER, INC. reported full year 2023 results: revenue $16.5 billion, net income $1,829, EPS $36.23. Guidance initiated.
“to $8.33 on an adjusted basis • Announced plans to open a new 1.2 million square-foot distribution center near Houston, Texas in 2026 Full Year 2023 Highlights • Grew sales to $16.5 billion, up 8.2%, or 9.5% on a daily, organic constant currency basis • Realized reported operating margin of 15.6%, up 110 basis points, or 15.7% on an adjusted basis, up 130 basis”
Earnings Releases
W.W. GRAINGER, INC. reported the fourth quarter ended December 31, 2023 results: revenue $4.0 billion, net income $395, EPS $7.89.
“execution delivers solid quarter and record full year earnings; Company issues 2024 guidance, including 4% to 7% sales growth Fourth Quarter 2023 Highlights • Delivered sales of $4.0 billion, up 5.1%, or 5.5% on a daily, organic constant currency basis • Achieved reported operating margin of 13.9%, down 40 basis points, or 14.6% on an adjusted basis, up 80 basis”
Christopher Klein was appointed as Director at W.W. GRAINGER, INC..
“appointed Christopher Klein as a director to the Board, effective immediately.”
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