Grainger plc (GRI) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.162 -- 00:00:05.088 Good afternoon, ladies and gentlemen. Welcome to the Granger PLC Half-Year Results Investor 00:00:05.088 -- 00:00:08.814 Presentation. Throughout today's recorded meeting, attendees will be in listen-only mode. 00:00:08.814 -- 00:00:12.139 Questions are encouraged. They can be submitted at any time just using the Q&A tab. 00:00:12.139 -- 00:00:16.346 Please submit your questions at any time. Just press send after you've typed in your 00:00:16.346 -- 00:00:19.090 question. Before we begin, we'd like to submit the following poll. 00:00:19.090 -- 00:00:22.575 I'm sure the company would be most grateful for your participation. 00:00:22.575 -- 00:00:24.679 I'd now like to hand over to CEO Helen Gordon. 00:00:24.679 -- 00:00:26.035 Helen, good afternoon. 00:00:26.035 -- 00:00:28.818 Good afternoon, everyone, and thank you for joining. 00:00:28.818 -- 00:00:34.905 I'm joined here by Rob Hudson, our CFO, and Kurt Mueller, our head of corporate affairs. 00:00:34.905 -- 00:00:39.950 Grainger delivered a strong set of results last week, really strong 00:00:39.950 -- 00:00:45.036 performance, excellent earnings outlook. And this is really driven from the fact that 00:00:45.036 -- 00:00:49.981 in a time of global uncertainty, we are a needs-based asset class. 00:00:49.981 -- 00:00:54.266 We are actually – everyone 00:00:54.266 -- 00:00:58.912 needs somewhere to live. So I'm going to start by just talking about how we're on track 00:00:58.912 -- 00:01:05.122 for our 60 million of earnings this year. And 00:01:05.122 -- 00:01:07.646 that'll be a 12% increase 00:01:07.646 -- 00:01:12.333 and then on track for a 35% increase 00:01:12.333 -- 00:01:16.760 to full year 29. So we're delivering compounding earnings growth. 00:01:16.760 -- 00:01:20.927 A...