Earnings Releases·Nov 3, 2026, 4:50 PM ET

Global Industrial Company — Third Quarter 2026 Earnings Summary

Consolidated net sales rose 10.2% year-over-year to $389.5 million, while operating income from continuing operations increased 24.3% to $32.7 million, driven by tariff refunds and strong performance in industrial and retail verticals.
Year-to-date net income per diluted share from continuing operations grew 35.1% to $2.00, with gross margin expanding to 36.9% and operating margin reaching 9.1%, both benefiting significantly from tariff refunds.
The Board declared a regular cash dividend of $0.28 per share and a special cash dividend of $1.00 per share, payable on November 23, 2026, following $32.3 million in dividends paid and $5.6 million in treasury share purchases during the first nine months.
Management expressed confidence in continued profitable growth supported by a strong balance sheet, noting cash and cash equivalents increased to $119.2 million and inventories decreased to $153.1 million.