$GWW · W.W. GRAINGER, INC.
Grainger filed an 8-K (Item 2.02) reporting Q3 FY2026 results. Sales rose 11.3% YoY to $5.181B, with daily organic constant-currency growth of 14.9%. Adjusted EPS was $12.54 (up 22.8%), GAAP EPS $12.42 (up 102.9%). Operating margin reached 16.0% reported / 16.1% adjusted. The company raised full-year 2026 guidance, including adjusted EPS of $47.00–$48.00 and net sales of $19.8–$20.0B.
- Q3 sales $5.181B, up 11.3% YoY; daily organic constant-currency growth 14.9%
- Adjusted EPS $12.54, up 22.8%; GAAP EPS $12.42, up 102.9%
- Operating margin 16.0% reported, up 500 bps; 16.1% adjusted, up 90 bps
- FY2026 adjusted EPS guidance raised to $47.00–$48.00 from $45.50–$47.25
- Q3 operating cash flow $661M; $396M returned via dividends and buybacks
Extended-hours last trade $1429.90, up 2.28% vs regular close and 3.79% vs price at filing, signaling a positive reaction to the beat and guidance raise.
A guidance raise on top of double-digit organic growth and 90 bps of adjusted margin expansion confirms accelerating demand momentum.
Grainger's double-digit organic growth and margin expansion stand out among industrial distributors, driven by both High-Touch Solutions (+13.8%) and Endless Assortment (+11.9%).
Guidance assumes continued demand and pricing; risks include inflation, tariffs, competitive pricing pressure, and gross margin fluctuations. Prior-year comparisons benefit from the U.K. exit and a lower effective tax rate (24.3% vs 34.7%).