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W.W. Grainger, Inc.

Q2 FY26Trading Companies and Distributors

W.W. Grainger, Inc. Q2 FY26 Results — Earnings Call Analysis

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹1,247

Market cap₹58.9K Cr

P/E33.6

Updated29 May 2026

Read3 min read

W.W. Grainger, Inc. Q2 FY26 key numbers

Revenue: Preliminary April sales for Q2 up over 13% daily organic constant currency, supporting expectations for Q2 sales north of $4.9 billion (~12% growth).

As stated in W.W. Grainger, Inc.'s Q2 FY26 earnings call transcript · published 29 May 2026. Reported figures, not investment advice.

The short version

- Full-year 2026 guidance raised with expected daily organic constant currency sales growth between 9.5% and 12%, reflecting strong Q1 and improved MRO market demand. - Full year 2026 sales growth guidance raised, expecting daily organic constant currency sales growth between 9.5% and 12%.

From W.W. Grainger, Inc.'s Q2 FY26 earnings-call transcript · updated 29 May 2026.

Revenue & Sales Performance

Moderate growth

Full-year 2026 guidance raised with expected daily organic constant currency sales growth between 9.5% and 12%, reflecting strong Q1 and improved MRO market demand. (Page 4)
Preliminary April sales for Q2 up over 13% daily organic constant currency, supporting expectations for Q2 sales north of $4.9 billion (~12% growth). (Page 4)
Market outlook for volume growth is positive, estimated between 0% to 1%. (Page 12)
Pricing growth is expected to moderate from ~5% in Q1 to ~4% for the full year. (Page 12)

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Profitability & Margins

Full year 2026 sales growth guidance raised, expecting daily organic constant currency sales growth between 9.5% and 12%.
Operating margin expectations slightly up at the midpoint, despite headwinds from higher incentive compensation and increased fuel costs.
EPS projected between $44.25 and $46.25, representing nearly 15% year-over-year growth at the midpoint, a $1.75 increase versus prior guidance.
Operating cash flow guidance also increased relative to prior expectations.
Second quarter sales expected to be north of $4.9 billion, approaching 12% daily organic growth.

2 more points from W.W. Grainger, Inc.'s call on margins

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See what W.W. Grainger, Inc. said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned

Portland facility is going live in 2026 and currently ramping up.
Houston facility, a very big building expanding capacity in the Texas market, will go live in 2028.
Future investments likely to focus on adding to existing positions or scaling from midsized to larger footprints rather than fully new greenfield builds.

2 more points from W.W. Grainger, Inc.'s call on capex

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Fundraising & Capital Structure

Key points relevant to capital and financial plans include: - Operating cash flow was strong, with $739 million generated in the quarter. - The company returned $345 million to shareholders via dividends and share repurchases.

2 more points from W.W. Grainger, Inc.'s call on fundraising

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Order Book & Pipeline

Some relevant points indicating business momentum and demand include: - Strong sales growth: Total company sales up 10.1% (12.2% daily organic constant currency) in Q1. - Continued momentum in April with preliminary sales up over 13% daily organic constant currency. - Second quarter sales expected north of $4.9 billion, ~12% growth daily organic constant currency.

2 more points from W.W. Grainger, Inc.'s call on order book

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What the Q2 FY26 call signalled

1 of 3 strong

RevenueModerate growth

MarginMargins slightly down

CapexCapex planned

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Frequently Asked Questions

What were W.W. Grainger, Inc. Q2 FY26 results?

- Full-year 2026 guidance raised with expected daily organic constant currency sales growth between 9.5% and 12%, reflecting strong Q1 and improved MRO market demand. - Full year 2026 sales growth guidance raised, expecting daily organic constant currency sales growth between 9.5% and 12%.

What is W.W. Grainger, Inc. share price analysis?

W.W. Grainger, Inc. currently shows a below-average growth signal. The stock trades at a P/E of 33.6 with a market cap of $58,894. Investors should review the full earnings analysis for detailed insights.

Is W.W. Grainger, Inc. planning capital expenditure?

- Portland facility is going live in 2026 and currently ramping up.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.