Revenue: As of FY2026 Q2, the actual value is USD 386.6 M, beating the estimate of USD 377.4 M.

EPS: As of FY2026 Q2, the actual value is USD 0.96.

EBIT: As of FY2026 Q2, the actual value is USD 50.3 M, beating the estimate of USD 27.72 M.

Second Quarter 2026 Financial Summary

Net Sales

Global Industrial Company reported consolidated net sales of $386.6 million for the second quarter ended June 30, 2026, an increase from $358.9 million in the prior year, representing 7.7% growth. Average daily sales increased by 9.3% year-over-year.

Gross Profit and Margin

Gross profit was $155.4 million, up from $133.0 million in the second quarter of 2025. The consolidated gross margin increased to 40.2% from 37.1% in the prior year. Excluding approximately $26.2 million in refunds from IEEPA tariffs, the consolidated gross margin would have been 34.7%.

Operating Income and Margin

Operating income from continuing operations rose by 47.2% to $49.3 million, compared to $33.5 million in the second quarter of 2025. Excluding tariff refunds, operating income would have been $28.2 million. The operating margin was 12.8%, up from 9.3% in the prior year.

Net Income

Net income from continuing operations was $37.1 million, an increase from $25.1 million in the second quarter of 2025.

Operating Costs

Selling, general and administrative expenses were $106.1 million, compared to $99.5 million in the second quarter of 2025.

Interest and Other Income/Expense

Interest and other income, net, was - $1.0 million, compared to - $0.3 million in the prior year.

Year to Date Q2 2026 Financial Summary (Six Months Ended June 30, 2026)

Net Sales

Consolidated sales increased by 8.4% to $737.0 million, up from $679.9 million in the prior year, with average daily sales also increasing by 8.4%.

Gross Profit and Margin

Gross profit for the six months was $277.3 million, compared to $245.1 million in the same period last year. Consolidated gross margin for the year-to-date period increased to 37.6% from 36.0% last year. Excluding tariff refunds, this would have been 34.8%.

Operating Income and Margin

Consolidated operating income from continuing operations increased by 35.2% to $69.9 million, compared to $51.7 million in the prior year. Excluding tariff refunds, operating income would have been $48.8 million. The operating margin was 9.5%, compared to 7.6% in the prior year.

Net Income

Net income from continuing operations was $52.4 million, an increase from $38.6 million in the prior year.

Operating Costs

Selling, general and administrative expenses were $207.4 million, compared to $193.4 million in the prior year.

Interest and Other Income/Expense

Interest and other income, net, was - $1.1 million, compared to - $0.2 million in the prior year.

Cash Flow and Balance Sheet Highlights (as of June 30, 2026)

Operating Cash Flow

Operating cash flow provided by continuing operations in the second quarter was $41.3 million. Net cash provided by operating activities for the six months ended June 30, 2026, was $47.8 million, up from $35.1 million in the prior year.

Working Capital

Total working capital was $249.0 million.

Cash and Cash Equivalents

Cash and cash equivalents stood at $86.7 million, an increase from $67.5 million at December 31, 2025.

Credit Facility

The company had approximately $119.8 million in excess availability under its credit facility.

Dividends

Global Industrial Company announced the declaration of a cash dividend of $0.28 per share, payable to common stock shareholders of record on August 17, 2026, with a payment date of August 24, 2026.

Share Repurchases

Global Industrial Company repurchased approximately 160,000 shares of its common stock for an aggregate price of $4.7 million during the second quarter.

IEEPA Tariff Refunds

The company recorded a benefit of approximately $26.2 million associated with refunds of IEEPA tariffs in the second quarter, with $15.3 million of these refunds received in cash during the quarter.

Outlook

Global Industrial Company does not anticipate any future material refunds from IEEPA tariffs assessed to date.