Grainger

GWW Q3 2025 Earnings

Reported Oct 31, 2025 at 8:07 AM ET · SEC Source

Q3 25 EPS

$10.21

BEAT +2.58%

Est. $9.95

Q3 25 Revenue

$4.66B

BEAT +0.30%

Est. $4.64B

vs S&P Since Q3 25

+13.4%

BEATING MARKET

GWW +19.1% vs S&P +5.7%

Market Reaction

Did GWW Beat Earnings? Q3 2025 Results

W.W. Grainger delivered a beat on both the top and bottom lines in Q3 2025, with adjusted diluted EPS of $10.21 clearing the $9.95 consensus estimate by 2.58% and revenue of $4.66 billion edging past expectations by 0.30% on 6.1% year-over-year growt… Read more W.W. Grainger delivered a beat on both the top and bottom lines in Q3 2025, with adjusted diluted EPS of $10.21 clearing the $9.95 consensus estimate by 2.58% and revenue of $4.66 billion edging past expectations by 0.30% on 6.1% year-over-year growth. The headline story, however, was a $196 million asset impairment charge tied to Grainger's planned exit from the U.K. Market via the divestiture of its Cromwell business, which dragged reported operating earnings down 25.5% and sent the effective tax rate spiking to 34.7%; strip out that non-cash hit and adjusted operating earnings grew 3.1% to $707 million. Strength in the Endless Assortment segment, where sales surged 18.2%, powered by MonotaRO and Zoro, helped offset margin pressure in the core North American business from tariff-related cost inflation. Looking ahead, Grainger narrowed its full-year adjusted diluted EPS guidance to $39.00 to $39.75 and trimmed its net sales outlook to $17.80 to $18.00 billion, reflecting a more cautious macro view while absorbing known tariff impacts.

Key Takeaways

  • High-Touch Solutions - N.A. growth driven by volume growth and improving price contribution as tariff costs are passed through
  • Endless Assortment segment growth driven by strong performance at both MonotaRO and Zoro
  • Adjusted EPS growth driven by sales growth and fewer shares outstanding
  • Gross profit margin declined 60 basis points due to tariff-related inflation causing unfavorable price/cost timing and LIFO inventory valuation headwinds in High-Touch Solutions
  • Endless Assortment gross profit margin improved 60 basis points
24/7 Wall St

GWW YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

“We delivered results in-line with our expectations for the quarter, reinforcing the value and differentiated experience Grainger consistently creates for our customers.”

— D.G. Macpherson, Q3 2025 Earnings Press Release