Global Industrial sales increase 7.7%
Global Industrial, a value-added distributor and source for industrial equipment and supplies, announced its second quarter sales increased 7.7% to $386.6 million compared to $358.9 million last year and average daily sales increased 9.3% compared to prior year.
Consolidated sales increased 7.7%, while consolidated gross margin increased to 40.2% compared to 37.1% last year. Excluding refunds from tariffs, consolidated gross margin would have been 34.7%, in line with historical performance.
Consolidated operating income from continuing operations increased 47.2% to $49.3 million compared to $33.5 million last year. Excluding refunds from tariffs, consolidated operating income would have been $28.2 million.
Year to Date Q2 2026 Financial Summary:
- Consolidated sales increased 8.4% to $737.0 million compared to $679.9 million last year and average daily sales increased 8.4% compared to prior year.
- Consolidated gross margin increased to 37.6% compared to 36.0% last year. Excluding refunds from tariffs, consolidated gross margin would have been 34.8%.
- Consolidated operating income from continuing operations increased 35.2% to $69.9 million compared to $51.7 million last year. Excluding refunds from tariffs, consolidated operating income would have been $48.8 million.
- Net income per diluted share from continuing operations increased 36.4% to $1.35 compared to $0.99 last year. Excluding refunds from tariffs, net income per diluted share would have been $0.93.
Anesa Chaibi, Chief Executive Officer, said, "We delivered another quarter of strong, broad-based growth, with second quarter revenue increasing 7.7%, and 9.3% on an average daily sales basis. This marks our third consecutive quarter of high single-digit average daily sales growth as we benefited from gains in both volume and price."
"We are pleased with the momentum in the business and the progress we are making in advancing our go-to-market approach. We continue to deepen customer relationships, expand e-procurement adoption, strengthen vertical specialization, and enhance coordination across our sales, marketing, merchandising and digital teams. These initiatives are designed to drive sustainable organic growth, increase share of wallet, support continued market-share gains and enhance our long-term performance."
INDUSTRIAL SUPPLY MAGAZINE
The July/August issue of Industrial Supply magazine features an in-depth cover story about Global Industrial. 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.
