W.W. Grainger Inc (MEX:GWW)

MXN 23652.42 0 (0%) Market Cap: 1.07 Til Enterprise Value: 1.12 Til PE Ratio: 29.34 PB Ratio: 15.05 GF Score: 69/100

Q2 2019 W W Grainger Inc Earnings Call Transcript

Jul 24, 2019 / 03:00PM GMT

Transcript 10-Q8-K

Operator

Greetings. Welcome to the W.W. Grainger Second Quarter 2019 Earnings Conference Call. (Operator Instructions) Please note, this conference is being recorded.

I will now turn the conference over to our host, Irene Holman, Vice President of Investor Relations. Thank you. You may begin.

Irene Holman

W.W. Grainger, Inc. - VP of IR

Good morning. Welcome to Grainger's Q2 earnings call. With me are DG Macpherson, Chairman and CEO; and Tom Okray, CFO. As a reminder, some of our comments may be forward-looking based on our current view of future events. Actual results may differ materially as a result of various risks and uncertainties, including those detailed in our SEC filings. Reconciliations of any non-GAAP financial measures mentioned on today's call with their corresponding GAAP measures are at the end of this slide presentation and in our Q2 press release, which is available on the IR website.

Reported results in the second quarter included a $3 million benefit to operating earnings and a $0.03 benefit to EPS primarily related to a reduction

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