$GWW · W.W. GRAINGER, INC.
W.W. Grainger filed its Q3 FY2026 10-Q. Revenue grew 11.3% YoY to $5.181B, gross margin was 38.8%, operating margin 16.0%, and net income attributable to Grainger was $587M (diluted EPS $12.42). Operating earnings jumped to $828M from $511M a year earlier. The company also completed a $215M acquisition of technology assets from Adroit Worldwide Media on August 26, 2026.
- Revenue +11.3% YoY to $5.181B; nine-month revenue $14.944B vs $13.517B.
- Operating earnings $828M in Q3, up from $511M a year earlier.
- Net income attributable to Grainger $587M vs $294M prior year.
- Gross margin 38.8%; operating margin 16.0%.
- Acquired Adroit Worldwide Media assets for $215M on August 26, 2026.
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Grainger delivered accelerating double-digit revenue growth and near-doubled operating earnings, signaling strong MRO demand and margin leverage.
Grainger's double-digit organic growth and margin expansion outpace typical MRO distribution peers, reflecting share gains in High-Touch Solutions N.A. and Endless Assortment.
Preliminary purchase price allocation for the Adroit acquisition ($49M intangibles, $166M goodwill) remains subject to change during the measurement period.