W.W. Grainger, Inc. (GWW) Q2 2026 Earnings Call

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WEBVTT 00:00:00.051 -- 00:00:05.916 Greetings and welcome to the WW Grainger second quarter 2026 earnings 00:00:05.916 -- 00:00:10.740 conference call. At this time, all participants are in a listen-only mode. 00:00:10.740 -- 00:00:14.343 A question and answer session will follow the formal presentation. 00:00:14.343 -- 00:00:19.267 If anyone should require operator assistance, please press star zero on your telephone 00:00:19.267 -- 00:00:23.370 keypad. As a reminder, this conference is being recorded. 00:00:23.370 -- 00:00:28.574 It is now my pleasure to introduce Kyle Bland, Vice President, Investor Relations. 00:00:28.574 -- 00:00:30.145 Thank you. You may begin. 00:00:30.145 -- 00:00:34.147 Good morning. Welcome to Grainger's second quarter 2026 earnings call. 00:00:34.147 -- 00:00:38.769 With me are D. Jimmy Fiersen, Chairman and CEO, and Dean Merriwether, Senior Vice President 00:00:38.769 -- 00:00:40.430 and CFO. 00:00:40.430 -- 00:00:43.992 As a reminder, some of our comments today may include forward-looking statements that 00:00:43.992 -- 00:00:46.873 are subject to various risks and uncertainties. 00:00:46.873 -- 00:00:50.915 Additional information regarding factors that could cause actual results to differ materially 00:00:50.915 -- 00:00:55.778 is included in the company's most recent Form 8K and other PIRAC reports filed with the 00:00:55.778 -- 00:00:57.388 SEC. 00:00:57.388 -- 00:01:01.269 This morning's call includes non-GAAP financial measures which reflect certain adjustments 00:01:01.269 -- 00:01:04.470 in previous periods as noted in the presentation. 00:01:04.470 -- 00:01:08.751 There were no adjusting items in the second quarter 2026 period. 00:01:08.751 -- 00:01:12.652 We have also included organic revenue adjustments in the presentation whic...