Aug 4 (Reuters) - WW Grainger ( GWW ) raised its 2026
earnings forecast on Tuesday after reporting
better-than-expected quarterly profit, as steady demand for
maintenance and repair services boosted the industrial tools
supplier's performance.
Geopolitical uncertainty and tariff concerns have prompted
companies to delay capital expenditures, choosing instead to
repair and maintain existing equipment for longer use, which is
lifting demand for suppliers such as WW Grainger ( GWW ).
However, shares of WW Grainger ( GWW ) were down 5.4% in premarket
trading.
Here are some details:
* The toolmaker expects 2026 adjusted profit between $45.50
and $47.25 per share, compared with its previous forecast range
of $44.25 to $46.25 per share.
* Sales remained strong despite ongoing geopolitical
uncertainty, and core operating profitability was in line with
expectations, the company said.
* The company posted a quarterly profit of $12.01 per share,
up from $9.97 per share a year earlier and above analysts'
average estimate of $11.31 per share.
* The high-touch solutions unit, WW Grainger's ( GWW ) largest
segment that serves large to mid-size companies with
maintenance, repair and operations services, posted an 11.9%
rise in sales in the second quarter from a year ago.
* Total revenue for the quarter ended June 30 was $5
billion, up from $4.55 billion a year earlier. Analysts, on
average, had expected $4.95 billion.
* On Monday, the company said Chief Financial Officer Deidra
Merriwether would step down effective September 4, and Laurie
Thomson would take on the role on an interim basis.