W.W. Grainger Inc (NYSE:GWW)
$ 1212.08 6.21 (0.51%) Market Cap: 59.03 Bil Enterprise Value: 60.49 Bil PE Ratio: 32.86 PB Ratio: 16.85 GF Score: 90/100
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Q4 2018 W W Grainger Inc Earnings Call Transcript

Jan 24, 2019 / 04:00PM GMT
Release Date Price: $286.22 (-3.68%)
Operator

Greetings, and welcome to W.W. Grainger's Fourth Quarter 2018 Earnings Conference Call. (Operator Instructions) As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Irene Holman, Vice President, Investor Relations. Thank you. You may begin.

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

Good morning. Welcome to Grainger's Q4 earnings call. With me are DG MacPherson, Chairman and CEO; and Tom Okray, Senior Vice President and CFO.

As a reminder, some of our comments today 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 the slide presentation and in our Q4 press release, which is available on our IR website.

Looking at reported results for the year, we had adjustments resulting in $186 million impact to

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