Global Industrial third-quarter sales increase 9% to $1.13 billion
Global Industrial Company, a value-added distributor and source for industrial equipment and supplies, announced its third quarter sales increased 10.2% to $389.5 million.
Consolidated sales increased 9.0% to $1.13 billion compared to $1.03 billion last year and average daily sales increased 8.5% compared to prior year.
Consolidated gross margin increased to 36.9% compared to 35.9% last year. Consolidated gross margin benefited by approximately 200 basis points from tariff refunds.
Consolidated operating income from continuing operations increased 31.5% to $102.6 million compared to $78.0 million last year. Consolidated operating income benefited by approximately $23.1 million from tariff refunds.
Net income per diluted share from continuing operations increased 35.1% to $2.00 compared to $1.48 last year. Net income per diluted share from continuing operations benefited by approximately $0.46 from tariff refunds.
Chief Exectuvie Officer Anesa Chaibi said, “Sustained sales momentum, improved profitability and continued execution of our go-to-market strategy drove another strong quarter for Global Industrial. Third quarter revenue increased 10.2% and we delivered our fourth consecutive quarter of high-single digit average daily sales growth, up 8.5%. Revenue growth was led by our industrial and retail customer verticals and strong double-digit performance among our largest strategic accounts.
“Our go-to-market strategy is strengthening customer relationships, enabling us to win larger opportunities and to capture greater share of wallet. Over the past year, we have continued to advance our customer centric, relationship-driven B2B approach, with a focus on developing a deeper understanding of our customers, enhancing our vertical expertise and better aligning our sales, marketing and merchandising teams. We believe this progress, supported by our strong balance sheet, positions Global Industrial for continued profitable growth and long-term value creation.”
At Sept. 30, 2026, the company had total working capital of $266.2 million, cash and cash equivalents of $119.2 million, and excess availability under its credit facility of approximately $119.8 million.
INDUSTRIAL SUPPLY MAGAZINE
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