Jacob Levinson
Analyst, Mellius Research
Replay available
W.W. Grainger, Inc. (NYSE: GWW) Q3 2025 earnings conference call, held 2025-10-31. Replay captured from the company's public earnings webcast.

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Vice President, Investor Relations
Chairman and CEO
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WEBVTT 00:00:00.031 -- 00:00:05.617 Greetings and welcome to the WW Grainger third quarter 2025 earnings conference call. 00:00:05.617 -- 00:00:08.540 At this time, all participants are in a listen-only mode. 00:00:08.540 -- 00:00:11.623 A question and answer session will follow the formal presentation. 00:00:11.623 -- 00:00:15.468 If anyone should require operator assistance, please press star zero on your telephone 00:00:15.468 -- 00:00:19.212 keypad. As a reminder, this conference is being recorded. 00:00:19.212 -- 00:00:23.897 It is now my pleasure to introduce Kyle Bland, Vice President, Investor Relations. 00:00:23.897 -- 00:00:26.357 Please go ahead. 00:00:26.499 -- 00:00:30.187 Good morning. Welcome to Grainger's third quarter 2025 earnings call. 00:00:30.187 -- 00:00:33.530 With me are D.J. McPherson, Chairman and CEO, and D. 00:00:33.530 -- 00:00:37.154 Merriweather, Senior Vice President and CFO. 00:00:37.154 -- 00:00:40.597 As a reminder, some of our comments today may include forward-looking statements that 00:00:40.597 -- 00:00:43.700 are subject to various risks and uncertainties. 00:00:43.700 -- 00:00:47.704 Additional information regarding factors that could cause actual results to differ materially 00:00:47.704 -- 00:00:52.629 is included in the company's most recent Form 8 and other periodic reports filed with 00:00:52.629 -- 00:00:54.370 the SEC. 00:00:54.370 -- 00:00:58.154 This morning's call will focus on our non-GAAP adjusted results for the third quarter 00:00:58.154 -- 00:01:03.243 of 2025. which exclude the $196 million loss recognized from the 00:01:03.243 -- 00:01:08.089 pending sale of our UK-based Cromwell business and the proposed closure of our Zorro 00:01:08.089 -- 00:01:13.736 UK business. Definitions and full reconciliations of our...