W.W. Grainger, Inc (GWW) Q2 2023 Earnings Call Transcript

W.W. Grainger, Inc (NYSE:GWW) Q2 2023 Earnings Conference Call July 27, 2023 11:00 AM ET

Company Participants

Kyle Bland - Vice President, Investor Relations
D.G. Macpherson - Chairman and Chief Executive Officer
Dee Merriwether - Senior Vice President and Chief Financial Officer

Conference Call Participants

Tommy Moll - Stephens
Ryan Merkel - William Blair
David Manthey - Baird
Chris Snyder - UBS
Christopher Glynn - Oppenheimer
Jacob Levinson - Melius Research
Patrick Baumann - JPMorgan

Operator

Good morning and welcome to the W.W. Grainger Second Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note this conference is being recorded. I will now turn the conference over to our host, Kyle Bland, Vice President of Investor Relations. Thank you. You may begin.

Kyle Bland

Good morning. Welcome to Grainger’s second quarter 2023 earnings call. With me are D.G. Macpherson, Chairman and CEO and Dee Merriwether, Senior Vice President and CFO.

As a reminder, some of our comments today may include forward-looking statements. Actual results may differ materially as a result of the various risks and uncertainties, including those detailed in our SEC filings. Reconciliations of any non-GAAP financial measures with their corresponding GAAP measures are found in the tables at the end of this presentation and in our Q2 earnings release, both of which are available on our IR website.

This morning’s call will focus on our second quarter 2023 results, which are consistent on both a reported and adjusted basis for all periods presented. We will also share results related to MonotaRO. Please remember that MonotaRO was a public company and follows Japanese GAAP, which differs from U.S. GAAP and is reported in our results 1 month in arrears. As a result, the numbers disclosed will differ somewhat from MonotaRO’s public statements.

Now, I will turn it over to D.G.