W.W. Grainger Inc (NYSE:GWW)
$ 958.68 4.52 (0.47%) Market Cap: 47.04 Bil Enterprise Value: 48.95 Bil PE Ratio: 26.47 PB Ratio: 14.71 GF Score: 89/100
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Q1 2019 W W Grainger Inc Earnings Call Transcript

Apr 22, 2019 / 03:00PM GMT
Release Date Price: $291.21 (-5.51%)
Operator

Greetings, and welcome to the W.W. Grainger First Quarter 2019 Earnings Conference Call. (Operator Instructions) As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Irene Holman, VP, Investor Relations.

Irene Holman
W.W. Grainger, Inc. - VP of IR

Good morning. Welcome to Grainger's Q1 earnings call. With me are DG Macpherson, Chairman and CEO; and Tom Okray, CFO.

As a reminder, some of our comments today may be forward-looking based on our current view of future events. Actual results may differ materially as a result of various risks and uncertainties, including those detailed in our SEC filings. Reconciliations of any non-GAAP financial measures mentioned on today's call with their corresponding GAAP measures are at the end of this slide presentation and in our Q1 press release, which is available on the IR website.

Looking at our reported results for the year, we had adjustments resulting in a $2 million impact to operating earnings and a $0.03 impact to EPS. Adjustments

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