W.W. Grainger, Inc. (GWW) Q1 2025 Earnings Conference Call Transcript


W.W. Grainger, Inc. (NYSE:GWW) Q1 2025 Earnings Conference Call May 1, 2025 11:00 AM ET

Company Participants

Kyle Bland – VP, IR

Donald Macpherson – Chairman & CEO

Deidra Merriwether – CFO & SVP

Conference Call Participants

David Manthey – Baird

Jacob Levenson – Melius Research

Ryan Merkel – William Blair

Christopher Snyder – Morgan Stanley

Tommy Moll – Stephens

Ryan Cooke – Wolfe Research

Deane Dray – RBC Capital Markets

Sabrina Abrams – Bank of America Merrill Lynch

Christopher Glynn – Oppenheimer

Katie Fleischer – KeyBanc Capital Markets

Patrick Baumann – JPMorgan

Operator

Greetings and welcome to the W.W. Grainger First Quarter 2024 Earnings Call. At this time all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded.

I will now turn the conference over to your host, Mr. Kyle Bland, Vice President, Investor Relations. Thank you. You may begin.

Kyle Bland

Good morning. Welcome to Grainger’s First Quarter 2025 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 will focus on results for the first quarter of 2025, which are consistent on both a reported and adjusted basis.

Definitions and full reconciliations of our non-GAAP financial measures with their corresponding GAAP measures are found in the tables at the end of this presentation and in our earnings release, both of which are available on our IR website. We will also share results related to MonotaRO. Please remember that MonotaRO is a public company



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