Global Industrial first-quarter sales climb 9.2% YoY
Global Industrial Company reported its consolidated first-quarter sales increased 9.2% to $350.4 million compared to $321.0 million last year, and average daily sales increased 7.6% compared to prior year.
Consolidated gross margin decreased to 34.8% compared to 34.9% last year. Consolidated operating income from continuing operations increased 13.2% to $20.6 million compared to $18.2 million last year.
"We delivered a strong start to 2026, driven by solid execution and continued momentum across the business," said Chief Executive Officer Anesa Chaibi. "First quarter revenue increased 9.2%, with average daily sales growth of 7.6% and operating income up 13.2%. We generated growth each month during the quarter, supported by both price and volume improvement. Performance was led by our largest and most strategic accounts, while Canada delivered its third consecutive quarter of double-digit top-line growth.
"We are making progress and are encouraged by the actions we have taken to reposition the business and refine our value proposition," she continued. "This includes aligning around the customer to better serve their needs, and being more intentional in our go-to-market approach. We continue to monitor the broader macro environment and are focused on what we control - executing on our operating plan and continuing to advance the positive changes that we believe will help us evolve the business and drive long-term, profitable growth."
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Pack-n-Tape. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
