Global Industrial Co. Q2 revenue up 3.2% from 2024
Global Industrial Company, a value-added distributor and source for industrial equipment and supplies, announced record profitability with second quarter sales increasing 3.2%.
Second Quarter 2025 Financial Summary:
- Consolidated sales increased 3.2% to $358.9 million compared to $347.8 million last year.
- Consolidated gross margin increased to 37.1%, a quarterly record, compared to 35.2% last year.
- Consolidated operating income from continuing operations increased 26.9% to $33.5 million, a quarterly record, compared to $26.4 million last year.
- Net income per diluted share from continuing operations increased 25.0% to $0.65 compared to $0.52 last year.
Year to Date Q2 2025 Financial Summary:
- Consolidated sales increased 1.3% to $679.9 million compared to $671.2 million last year.
- Consolidated gross margin increased to 36.0% compared to 34.8% last year.
- Consolidated operating income from continuing operations increased 18.0% to $51.7 million compared to $43.8 million last year.
- Net income per diluted share from continuing operations increased 15.1% to $0.99 compared to $0.86 last year.
CEO Anesa Chaibi said, "We delivered a strong second quarter performance with record profitability, and I'm proud of how we executed across the business, especially given the market disruption and uncertainty caused by the current tariff environment. In the quarter, revenue increased to $358.9 million, up 3.2% over the year ago period, and we grew each month during the period, with performance driven by our largest strategic accounts. Gross margin was a record 37.1% in the second quarter, an increase of 190 basis points over the prior year, and operating income improved 26.9% to $33.5 million, a quarterly record for the company. Operating margin was 9.3%, and we generated strong cash flow."
"Global Industrial has a solid foundation for growth, and we have an opportunity to expand the addressable market we pursue," she continued. "As we look to accelerate our performance, we will adopt a more intentional approach in how we go to market and manage the business. We remain proactive in managing our business, focusing on what we control to mitigate market disruptions and capitalize on opportunities that drive success for both our customers and our company."
As of June 30, 2025, the company had total working capital of $206.7 million, cash and cash equivalents of $55.1 million, and excess availability under its credit facility of approximately $120.4 million. Operating cash flow provided by continuing operations in the quarter was $31.8 million.
INDUSTRIAL SUPPLY MAGAZINE
The July/August issue of Industrial Supply magazine features an in-depth cover story about 3BG Supply. 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.
