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Grainger

GWW Q1 2025 Earnings

Reported May 1, 2025 at 8:22 AM ET · SEC Source

Q1 25 EPS

$9.86

BEAT +3.70%

Est. $9.51

Q1 25 Revenue

$4.31B

MISS 0.27%

Est. $4.32B

vs S&P Since Q1 25

-16.0%

TRAILING MARKET

GWW +11.1% vs S&P +27.2%

Market Reaction

Did GWW Beat Earnings? Q1 2025 Results

W.W. Grainger delivered a solid first quarter, beating profit expectations even as revenue came in fractionally light, painting a picture of a resilient industrial distributor navigating a muted demand environment with disciplined execution. The comp… Read more W.W. Grainger delivered a solid first quarter, beating profit expectations even as revenue came in fractionally light, painting a picture of a resilient industrial distributor navigating a muted demand environment with disciplined execution. The company posted diluted EPS of $9.86, clearing the $9.51 consensus estimate by 3.70%, while revenue of $4.31 billion grew 1.7% year over year but edged just 0.27% below the $4.32 billion analysts had expected. The standout driver was Grainger's Endless Assortment segment, which logged 10.3% reported sales growth as both MonotaRO in Japan and Zoro in the U.S. Contributed meaningfully, offsetting softer momentum in the larger High-Touch Solutions business. Gross margin expanded 30 basis points to 39.7%, though operating margin contracted slightly to 15.6% on SG&A deleverage. Grainger reaffirmed its full-year 2025 guidance, projecting net sales of $17.60 billion to $18.10 billion and diluted EPS of $39.00 to $41.50, while noting that known tariff impacts and mitigating actions have been factored into those targets. Shares have risen 3.7% this quarter, though they remain down 2.8% year-to-date.

Key Takeaways

  • • Daily, constant currency sales growth of 4.4% despite one fewer selling day
  • • Gross profit margin expansion of 30 basis points to 39.7% driven by favorable product mix and supplier funding benefit
  • • Strong Endless Assortment segment growth of 15.3% on daily, constant currency basis driven by both MonotaRO and Zoro
  • • Diluted EPS growth of 2.5% driven primarily by fewer shares outstanding
  • • Favorable working capital contributed to strong operating cash flow generation
24/7 Wall St

GWW YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings

“Across both segments, our team kicked off 2025 by excelling at what we do best: delivering exceptional service, advancing our capabilities and being a trusted partner for our customers. This focus on what truly matters has led to solid performance despite the continued muted demand environment. Looking ahead, we will remain committed to our purpose, We Keep the World Working®, while providing an outstanding customer experience and delivering on our commitments to our stakeholders.”

— D.G. Macpherson, Q1 2025 Earnings Press Release

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