W.W. Grainger, Inc. (GWW) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.238 Greetings and welcome to the WW Granger second quarter 2025 00:00:05.238 -- 00:00:11.085 earnings conference call. At this time, all participants are in a listen-only mode. 00:00:11.085 -- 00:00:14.870 The question and answer session will follow the formal presentation. 00:00:14.870 -- 00:00:19.336 If anyone should require operator assistance during the conference, please press star 00:00:19.336 -- 00:00:25.363 zero on your telephone keypad. Please note that this conference is being recorded. 00:00:25.363 -- 00:00:29.360 I will now turn the conference over to your host, Kyle Bland. 00:00:29.360 -- 00:00:32.707 Vice President, Investor Relations. Thank you. 00:00:32.707 -- 00:00:34.731 You may begin. 00:00:34.731 -- 00:00:38.538 Good morning. Welcome to Grainger's second quarter 2025 earnings call. 00:00:38.538 -- 00:00:41.724 With me are D.J. McPherson, Chairman and CEO, and D. 00:00:41.724 -- 00:00:44.891 Merriweather, Senior Vice President and CFO. 00:00:44.891 -- 00:00:48.418 As a reminder, some of our comments today may include forward-looking statements that 00:00:48.418 -- 00:00:51.213 are subject to various risks and uncertainties. 00:00:51.213 -- 00:00:55.158 Additional information regarding factors that could cause actual results to differ materially 00:00:55.158 -- 00:01:00.165 is included in the company's most recent Form 8K and other periodic reports filed 00:01:00.165 -- 00:01:06.073 with the SEC. Results for the second quarter of 2025 are consistent on both a reported 00:01:06.073 -- 00:01:10.939 and adjusted basis, but will be compared to adjusted results from the prior year period, 00:01:10.939 -- 00:01:16.222 which were normalized for restructuring costs incurred in the second quarter of 2024. 00:01:16.222 -- 00:01...