“Despite ongoing geopolitical uncertainty,” Grainger reported double-digit growth in sales, profit and earnings during the second quarter of 2026.

Sales, including fasteners, climbed 10.3% to $5 billion, with operating earnings climbing 19% to $807 million and operating margin rising 120 basis points to 16.1%, boosted by $43 million in IEEPA tariff refunds and the MRO giant’s exit from the UK market in 2025.

In the High-Touch Solutions - N.A. segment, Q2 sales increased 11.9%, driven by volume growth and price inflation “as tariff costs are passed.” Gross profit margin improved 80 basis points to 41.8%.

In the Endless Assortment segment, Q2 sales gained 13.5%, with revenue growth driven by strong performance at both MonotaRO and Zoro. Segment gross profit margin increased 90 basis points.