{"id":989765,"date":"2026-08-04T21:17:46","date_gmt":"2026-08-05T01:17:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/global-industrial-reports-second-quarter-2026-financial-results\/"},"modified":"2026-08-04T21:17:46","modified_gmt":"2026-08-05T01:17:46","slug":"global-industrial-reports-second-quarter-2026-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/global-industrial-reports-second-quarter-2026-financial-results\/","title":{"rendered":"Global Industrial Reports Second Quarter 2026 Financial Results"},"content":{"rendered":"

<\/p>\n

Global Industrial Reports Second Quarter 2026 Financial Results<\/b><\/p>\n

Sales Increased 7.7% to $386.6 Million and 9.3% on an Average Daily Sales Basis
\n
<\/b>Board Declared $0.28 Dividend<\/b><\/p>\n

PORT WASHINGTON, N.Y.–(BUSINESS WIRE<\/a>)–Global Industrial Company<\/b><\/a> (NYSE: GIC)<\/b>, a value-added distributor and source for industrial equipment and suppliestoday announced financial results for the second quarter ended June 30, 2026.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Performance Summary*<\/span><\/b><\/p>\n

\n(U.S. dollars in millions, except per share data)<\/p>\n<\/td>\n<\/tr>\n

\n

Highlights<\/b><\/p>\n<\/td>\n

\n

Quarter Ended<\/b><\/p>\n

June 30,<\/b><\/p>\n<\/td>\n

\n

Six Months Ended<\/b><\/p>\n

June 30,<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

GAAP Results<\/b><\/p>\n<\/td>\n

\n

2026<\/b><\/p>\n<\/td>\n

\n

2025<\/b><\/p>\n<\/td>\n

\n

2026<\/b><\/p>\n<\/td>\n

\n

2025<\/b><\/p>\n<\/td>\n<\/tr>\n

Net sales<\/td>\n\n

\n$386.6<\/p>\n<\/td>\n

\n

\n$358.9<\/p>\n<\/td>\n

\n

\n$737.0<\/p>\n<\/td>\n

\n

\n$679.9<\/p>\n<\/td>\n<\/tr>\n

Gross profit<\/td>\n\n

\n$155.4<\/p>\n<\/td>\n

\n

\n$133.0<\/p>\n<\/td>\n

\n

\n$277.3<\/p>\n<\/td>\n

\n

\n$245.1<\/p>\n<\/td>\n<\/tr>\n

Gross margin<\/td>\n\n

\n40.2%<\/p>\n<\/td>\n

\n

\n37.1%<\/p>\n<\/td>\n

\n

\n37.6%<\/p>\n<\/td>\n

\n

\n36.0%<\/p>\n<\/td>\n<\/tr>\n

Operating income from continuing operations<\/td>\n\n

\n$49.3<\/p>\n<\/td>\n

\n

\n$33.5<\/p>\n<\/td>\n

\n

\n$69.9<\/p>\n<\/td>\n

\n

\n$51.7<\/p>\n<\/td>\n<\/tr>\n

Operating margin<\/td>\n\n

\n12.8%<\/p>\n<\/td>\n

\n

\n9.3%<\/p>\n<\/td>\n

\n

\n9.5%<\/p>\n<\/td>\n

\n

\n7.6%<\/p>\n<\/td>\n<\/tr>\n

Net income from continuing operations<\/b><\/td>\n\n

$37.1<\/b><\/p>\n<\/td>\n

\n

$25.1<\/b><\/p>\n<\/td>\n

\n

$52.4<\/b><\/p>\n<\/td>\n

\n

$38.6<\/b><\/p>\n<\/td>\n<\/tr>\n

Net income per diluted share from continuing operations<\/b><\/td>\n\n

$0.96<\/b><\/p>\n<\/td>\n

\n

$0.65<\/b><\/p>\n<\/td>\n

\n

$1.35<\/b><\/p>\n<\/td>\n

\n

$0.99<\/b><\/p>\n<\/td>\n<\/tr>\n

Net income from discontinued operations<\/td>\n\n

\n$0.0<\/p>\n<\/td>\n

\n

\n$0.0<\/p>\n<\/td>\n

\n

\n$1.3<\/p>\n<\/td>\n

\n

\n$0.1<\/p>\n<\/td>\n<\/tr>\n

Net income per diluted share from discontinued operations<\/td>\n\n

\n$0.00<\/p>\n<\/td>\n

\n

\n$0.00<\/p>\n<\/td>\n

\n

\n$0.03<\/p>\n<\/td>\n

\n

\n$0.00<\/p>\n<\/td>\n<\/tr>\n

\n

Non-GAAP Results**<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

Gross profit<\/td>\n\n

\n$134.3<\/p>\n<\/td>\n

\n

\n$133.0<\/p>\n<\/td>\n

\n

\n$256.2<\/p>\n<\/td>\n

\n

\n$245.1<\/p>\n<\/td>\n<\/tr>\n

Gross margin<\/td>\n\n

\n34.7%<\/p>\n<\/td>\n

\n

\n37.1%<\/p>\n<\/td>\n

\n

\n34.8%<\/p>\n<\/td>\n

\n

\n36.0%<\/p>\n<\/td>\n<\/tr>\n

Operating income from continuing operations<\/td>\n\n

\n$28.2<\/p>\n<\/td>\n

\n

\n$33.5<\/p>\n<\/td>\n

\n

\n$48.8<\/p>\n<\/td>\n

\n

\n$51.7<\/p>\n<\/td>\n<\/tr>\n

Operating margin<\/td>\n\n

\n7.3%<\/p>\n<\/td>\n

\n

\n9.3%<\/p>\n<\/td>\n

\n

\n6.6%<\/p>\n<\/td>\n

\n

\n7.6%<\/p>\n<\/td>\n<\/tr>\n

Net income from continuing operations<\/b><\/td>\n\n

$20.7<\/b><\/p>\n<\/td>\n

\n

$25.1<\/b><\/p>\n<\/td>\n

\n

$36.0<\/b><\/p>\n<\/td>\n

\n

$38.6<\/b><\/p>\n<\/td>\n<\/tr>\n

Net income per diluted share from continuing operations<\/b><\/td>\n\n

$0.54<\/b><\/p>\n<\/td>\n

\n

$0.65<\/b><\/p>\n<\/td>\n

\n

$0.93<\/b><\/p>\n<\/td>\n

\n

$0.99<\/b><\/p>\n<\/td>\n<\/tr>\n

* \u00a0Global Industrial Company manages its business and reports using a 52-53 week fiscal year that ends at midnight on the Saturday closest to December 31. For clarity of presentation, fiscal years and quarters are described as if they ended on the last day of the respective calendar month. The actual fiscal quarters ended July 4, 2026 and June 28, 2025, respectively. The second quarters of both 2026 and 2025 included 13 weeks and the first six months of both 2026 and 2025 included 26 weeks.<\/i><\/td>\n<\/tr>\n
\n\u00a0<\/td>\n<\/tr>\n
Average daily sales is calculated based upon the number of selling days in each period, with Canadian sales converted to U.S. dollars using the current year’s average exchange rate. There were 63 selling days in the U.S. in the second quarter of 2026 compared to 64 selling days in the second quarter of 2025 and there were 128 selling days in the U.S. for the six months ended June 30, 2026 and 2025, respectively. There were 63 selling days in Canada in each of the second quarters of 2026 and 2025, respectively, and there were 126 selling days in Canada for the six months ended June 30, 2026 and 2025, respectively.<\/i><\/td>\n<\/tr>\n
**\u00a0 During the second quarter ended June 30, 2026, the Company recorded approximately $26.2 million associated with refunds of IEEPA tariffs previously paid, comprising $21.1 million related to cost of sales, $4.0 million reduction to inventory not yet sold and $1.1 million of interest income. The non-GAAP results above reflect the exclusion of this one-time benefit from gross profit, operating income from continuing operations, net income and earnings per share.<\/i><\/td>\n<\/tr>\n<\/table>\n

Second Quarter 2026 Financial Summary:<\/b><\/p>\n