WW Grainger delivered solid Q3 2024 results, underscoring durable demand in maintenance, repair and operating (MRO) products and services. Revenue of $4.389 billion increased 4.28% year over year (YoY) and 1.76% quarter over quarter (QoQ), supported by a stable gross margin of 39.2% and an operating margin of 15.6%. Net income reached $486 million, translating to EPS of $9.96 (diluted $9.94). EBITDA stood at $749 million (EBITDA margin approx. 17.1%). Operating cash flow totaled $611 million, with free cash flow (FCF) of $523 million. The company maintained a prudent capital allocation stance, delivering $227 million of share repurchases and $115 million in cash dividends, while also applying $479 million of debt repayments and posting a net debt of roughly $1.76 billion. The balance sheet remains healthy with cash and cash equivalents of about $1.45 billion and total liquidity supported by a strong current ratio (2.59) and quick ratio (1.68).