固安捷 2026年季度报告

(Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March 31, 2026OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ______ to _______Commission file number 1-5684 W.W. Grainger, Inc. (Exact name of registrant as specified in its charter) 36-1150280 Name of Each Exchange on WhichRegistered New York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large Accelerated Filer☒Accelerated Filer☐Non-accelerated Filer☐Smaller Reporting Company☐Emerging Growth Company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ There were47,213,119 shares of the Company’s Common Stock outstanding as of April30, 2026. TABLEOFCONTENTS PART I – FINANCIAL INFORMATION W.W. Grainger, Inc. and SubsidiariesCONDENSED CONSOLIDATED STATEMENTS OF EARNINGS(In millions of dollars and shares, except for per share amounts)(Unaudited) W.W. Grainger, Inc. and SubsidiariesCONDENSED CONSOLIDATED BALANCE SHEETS(In millions of dollars, except for share and per share amounts) W.W. Grainger, Inc. and SubsidiariesCONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY(In millions of dollars, except for per share amounts) (Unaudited) W.W. Grainger, Inc. and SubsidiariesCONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY(In millions of dollars, except for per share amounts) (Unaudited) W.W. Grainger, Inc. and SubsidiariesNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES W.W. Grainger, Inc. is a broad line distributor of maintenance, repair and operating (MRO) products and services withoperations primarily in North America (N.A.) and Japan. In the fourth quarter of 2025, Grainger exited the United Kingdom(U.K.) market by completing the sale of the Cromwell business and closing the Zoro U.K. business. In this report, the words“Grainger” or “Company” mean W.W. Grainger, Inc. and its subsidiaries, except where the context makes it clear that thereference is only to W.W. Grainger, Inc. itself and not its subsidiaries. Basis of Presentation The Company's Condensed Consolidated Financial Statements have been prepared in accordance with U.S. generallyaccepted accounting principles (GAAP) for interim financial reporting and the rules and regulations of the U.S. Securities andExchange Commission (SEC) and therefore do not include all information and disclosures normally included in the annualConsolidatedFinancial Statements.The preparation of these Condensed Consolidated Financial Statements andaccompanying notes in conformity with GAAP requires management to make estimates and assumptions that affect theamounts reported. Actual results could differ materially from these estimated amounts. In the opinion of the Company’smanagement, the Condensed Consolidated Financial Statements reflect all adjustments, which are normal and recurring innature, necessary for fair financial statement presentation. The Condensed Consolidated Balance Sheet at December31, 2025, has been derived from the audited ConsolidatedFinancial Statements at that date but does not include all of the information and footnotes required by GAAP for completefinancial statements. The Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statementsand accompanying notes for the year ended December31, 2025 included in the Company’s Annual Report on Form 10-K filedwith the SEC on February 19, 2026 (2025 Form 10-K). There were no material changes to the Company’s significant accounting policies from those disclosed in Note 1 of the Notest