W.W. Grainger Inc.

**Solid Financial Performance in Q3 2024**: Grainger reported total sales growth of 4.3% for the quarter and 4% on a daily organic constant-currency basis, despite a muted demand environment. Diluted EPS rose to $9.87, up 4.7% year-over-year, showcasing strong operating cash flow of $611 million.

**Segment Performance**: The High-Touch Solutions segment achieved a 3.3% growth (2.5% on a daily organic constant-currency basis) driven by improved price contributions and volume growth. In contrast, the Endless Assortment segment exhibited impressive growth rates of 8.1% reported and 11.5% on a daily constant-currency basis, particularly benefitting from B2B customer engagements and improvements at Zoro and MonotaRO.

**Outlook for Q4 and FY 2024**: Grainger narrowed its full-year 2024 earnings guidance, expecting daily organic constant currency sales growth of 4.5% to 5.25% and adjusted EPS in the range of $38.65 to $39.35. The preliminary growth rate for October was about 6.5%, although normalized results could fall to 4% to 4.5% once hurricane-related sales are accounted for.