ZKH Group (NYSE:ZKH) Q3 2025 Earnings Call November 20, 2025 07:00 AM ET Speaker4Ladies and gentlemen, good day and welcome to ZKH Group Limited's third quarter 2025 earnings conference call. Today's conference is being recorded. At this time, I would like to turn the conference over to Jin Li, Head of Investor Relations. Please go ahead.Speaker1Good morning and welcome to our third quarter earnings conference call. With me are Mr. Eric Chun, our Founder, Chairman, and CEO, and Ms. Lai, our CFO. Today's dis ...

Core Insights - W.W. Grainger, Inc. (GWW) is experiencing growth driven by volume increases in the High Touch Solutions segment and customer growth in the Endless Assortment segment [1][4] - The company anticipates continued top-line growth due to volume improvements and pricing actions, alongside effective inventory management and investments in e-commerce [2][8] Segment Performance - The High-Touch Solutions segment is benefiting from volume growth across all geographies and strong price realization, with an improved product mix contributing to gross margin [3][6] - The Endless Assortment segment is supported by customer acquisition and repeat customer growth at MonotaRO, as well as solid performance at Zoro [4] Financial Guidance - GWW expects earnings per share for 2025 to be between $39.00 and $41.50, indicating a 3% growth from 2024 figures, with net sales projected between $17.6 billion and $18.1 billion, reflecting a sales growth of 2.7-5.2% [5] Strategic Initiatives - The company is focused on enhancing customer experience through investments in e-commerce and digital capabilities, aiming for a personalized and efficient customer journey [9] - Strategic actions include improving product mix, reducing freight costs, and navigating supply-chain challenges to enhance margins [8] Market Position - Grainger's shares have increased by 20.6% over the past year, contrasting with a 1% decline in the industry [12]