W.W. Grainger Inc (STU:GWW)
€ 1005.5 -14 (-1.37%) Market Cap: 49.07 Bil Enterprise Value: 50.69 Bil PE Ratio: 29.70 PB Ratio: 15.23 GF Score: 88/100

Q1 2020 W W Grainger Inc Earnings Call Transcript

Apr 23, 2020 / 03:00PM GMT
Release Date Price: €240.6 (-5.05%)
Operator

Greetings, and welcome to the W.W. Grainger First Quarter 2020 Earnings Conference Call. (Operator Instructions) As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Ms. Irene Holman, Vice President of Investor Relations. Thank you, ma'am. You may begin.

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

Good morning. Welcome to Grainger's First Quarter 2020 Earnings Call. With me are D.G. Macpherson, Chairman and CEO; and Tom Okray, SVP and CFO.

As a reminder, some of our comments today may be forward-looking. 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 with their corresponding GAAP measures are found in the tables at the end of this slide presentation and in our Q1 press release, both of which are available on our IR website. This morning's call will focus on adjusted results for the first quarter of 2020, which exclude restructuring and other items that are outlined at

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