The contraction in the manufacturing sector mars the near-term outlook for the Zacks Industrial Services industry. Companies like GWW, GIC and BOOM are expected to gain from their efforts to gain market share, lowering costs and focus on enhancing digital capabilities.

While the top- and bottom-line numbers for W.W. Grainger (GWW) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

W.W. Grainger, Inc. (NYSE:GWW ) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Kyle Bland - VP, IR Donald Macpherson - Chairman and CEO Deidra Merriwether - SVP and CFO Conference Call Participants Tommy Moll - Stephens Inc. Dave Manthey - Baird Ryan Merkel - William Blair Jacob Levinson - Melius Research Jeff Reive - RBC Capital Markets Christopher Glynn - Oppenheimer Patrick Baumann - JPMorgan Operator Greetings. Welcome to W.W.

Grainger (GWW) changes its 2024 EPS expectation to $38.00-$39.50 from $38.00-$40.50.

W.W. Grainger (GWW) came out with quarterly earnings of $9.76 per share, beating the Zacks Consensus Estimate of $9.58 per share. This compares to earnings of $9.28 per share a year ago.

Operational execution driving resilient performance; Company narrows 2024 earnings outlook Second Quarter Highlights Delivered sales of $4.3 billion, up 3.1%, or 5.1% on a daily, organic constant currency basis Achieved reported operating margin of 15.1%, down 70 basis points, or 15.4% on an adjusted basis, down 40 basis points Generated diluted EPS of $9.51 on a reported basis, up 2.5%, or $9.76 on an adjusted basis, up 5.2% Produced $411 million in operating cash flow and returned $345 million to Grainger shareholders through dividends and share repurchases Narrowing most 2024 total Company guidance ranges, including daily, organic constant currency sales growth of 4.0% to 6.0% and adjusted diluted EPS of $38.00 to $39.50 CHICAGO , Aug. 1, 2024 /PRNewswire/ -- Grainger (NYSE: GWW) today reported results for the second quarter of 2024 with sales of $4.3 billion, up 3.1%, or 5.1% on a daily, organic constant currency basis, and adjusted diluted EPS of $9.76, up 5.2% compared to the second quarter of 2023.  "I'm proud of our team for providing a flawless experience and creating tangible value for our customers.

CHICAGO , July 31, 2024 /PRNewswire/ -- W.W. Grainger, Inc. (NYSE: GWW) announced today that its board of directors approved a quarterly cash dividend of $2.05 per share.

Grainger's (GWW) second-quarter 2024 results are likely to reflect gains from upbeat segmental performances and cost-reduction actions.

Beyond analysts' top -and-bottom-line estimates for W.W. Grainger (GWW), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.

W.W. Grainger (GWW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

W.W. Grainger (GWW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Report details how company continues "Focusing on What Matters" CHICAGO , July 11, 2024 /PRNewswire/ -- Grainger (NYSE: GWW), a leading broad line distributor of maintenance, repair and operating (MRO) products serving businesses and institutions, today announced the release of its 2024 Environmental, Social and Governance (ESG) Report, entitled "Focusing on What Matters—We Keep The World Working®" on www.GraingerESG.com. "At Grainger, doing the right thing is critical to our ability to be good stewards for our people, our customers, our shareholders and the environment," said D.G.