Grainger (GWW) Reports 6.1% Sales Growth in Q3 2025

By Bobby Samwell • Friday, October 31 15:34 • Permanent Link

Grainger (NYSE: GWW) has reported its financial results for the third quarter of 2025, demonstrating continued growth and solid performance. Here are the key highlights:

Sales for the quarter were $4.7 billion, marking a 6.1% increase compared to the same period in 2024. On a daily, constant currency basis, sales were up 5.4% year-over-year.
The company achieved an operating margin of 11.0% on a reported basis, down 460 basis points, or 15.2% on an adjusted basis, down 40 basis points.
Grainger delivered diluted earnings per share (EPS) of $6.12 on a reported basis, down 38.0%, or $10.21 on an adjusted basis, up 3.4%.
Operating cash flow for the quarter amounted to $597 million, with $399 million returned to shareholders through dividends and share repurchases.

In terms of specific financial metrics, net sales for the third quarter of 2025 were $4.657 billion, up 6.1% from $4.388 billion in the third quarter of 2024. Gross profit was $1.798 billion, a 4.5% increase from $1.720 billion in the same period last year.

The reported operating earnings for the quarter were $511 million, down 25.5% compared to the third quarter of 2024. Adjusted operating earnings, however, saw a 3.1% increase to $707 million.

The effective tax rate for the third quarter of 2025 was 34.7%, compared to 24.8% in the third quarter of 2024. Grainger generated $597 million in cash flow from operating activities during the quarter and returned $399 million to shareholders through dividends and share repurchases.

Looking ahead, Grainger has updated its guidance for the full year 2025, including a narrowed adjusted diluted EPS range of $39.00 to $39.75. The company also updated its adjusted operating margin range to 15.0% * 15.2% and its adjusted sales growth range to 3.9% * 4.7%.

Grainger attributes its sales growth to volume growth, improving price contribution, and strong performance in its Endless Assortment segment, with sales up 18.2% compared to the third quarter of 2024.

The company will be hosting a live conference call and webcast to discuss the third quarter results.

Grainger, known for its commitment to service and purpose-driven culture, reported revenue of $17.2 billion in 2024.

Today the company's shares have moved -0.28% to a price of $956.24. For more information, read the company's full 8-K submission here.

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