Global Industrial Company (GIC) Q3 2026 earnings summary

Executive summary

• Q3 sales rose 10.2% YoY to $389.5M; average daily sales (ADS) grew 8.5%, extending high-single-digit growth for a fourth consecutive quarter.

• Continuing-operations operating income increased 24.3% to $32.7M and diluted EPS rose 33.3% to $0.64; results benefited from tariff refunds.

• Customer-focused execution, deeper strategic-account relationships and digital purchasing access supported growth and share-of-wallet gains.

Financial highlights

• Q3 revenue was $389.5M, up 10.2%; growth reflected volume and mix gains, with pricing contributing ~2 percentage points.

• Gross profit was $138.9M vs. $126.0M; reported gross margin was 35.7% vs. 35.6%, including 60 bps from tariff refunds. Excluding the benefit, margin was 35.1%.

• Continuing-operations net income was $24.5M vs. $18.8M; total net income was $24.6M vs. $18.8M.

• 9M sales rose 9.0% to $1,126.5M; gross profit increased 12.2% to $416.2M and continuing-operations operating income rose 31.5% to $102.6M.

• 9M continuing-operations net income was $76.9M vs. $57.4M; total net income was $78.3M vs. $57.5M.

Outlook and guidance

• Early Q4 ADS growth tracked near Q3’s 8.5%; five fewer selling days than Q4 2025 are expected to weigh on reported GAAP revenue growth by 8%.

• Q4 gross margin is expected to be in line with Q4 2025; freight, fuel, parcel surcharges and Canadian tariffs remain headwinds.

• FY 2026 capital expenditures are expected at $3M–$4M; the tax rate is expected at 26%–26.5% for the remainder of 2026.

• Customer-focused sales execution and deeper vertical expertise are expected to support profitable growth; potential strategic acquisitions may complement organic growth.