Overview

* Global Industrial ( GIC ) Q2 sales rise 3.2% to $358.9 mln, beating analyst expectations

* Operating income for Q2 up 27% to $33.5 mln, a quarterly record

* Board declares $0.26 dividend per share

Outlook

* Global Industrial ( GIC ) plans to adopt a more intentional market approach

* Company aims to expand its addressable market

* Global Industrial ( GIC ) focuses on mitigating market disruptions

Result Drivers

* STRATEGIC ACCOUNTS - Revenue growth driven by largest strategic accounts, per CEO Anesa Chaibi

* RECORD GROSS MARGIN - Gross margin reached a quarterly record of 37.1%, up 190 basis points from last year

* MARKET DISRUPTION - Company navigated market disruption and uncertainty caused by current tariff environment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $358.90 $351.80

mln mln (2

Analysts

)

Q2 EPS $0.65

Q2 Gross 37.1%

Margin

Q2 Gross $133 mln

Profit

Q2 $33.50

Operatin mln

g Income

Q2 9.3%

Operatin

g Margin

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* The average consensus recommendation for the diversified industrial goods wholesale peer group is "buy."

* Wall Street's median 12-month price target for Global Industrial Co ( GIC ) is $38.00, about 27.9% above its July 28 closing price of $27.39

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)