Global Industrial FY26 Q2 net income from continuing operations rises 47.8% to USD 37.1 million; net sales increase 7.7% to USD 386.6 million - GIC News | Rallies
Global Industrial posted Q2 net sales up 7.7% to USD 386.6 million, with GAAP net income from continuing operations rising 47.8% to USD 37.1 million.
GAAP diluted EPS from continuing operations climbed 47.7% to USD 0.96; operating income from continuing operations increased 47.2% to USD 49.3 million.
Non-GAAP results excluding IEEPA tariff refunds showed diluted EPS at USD 0.54, with operating income at USD 28.2 million.
Gross margin widened 3.1 percentage points to 40.2%; excluding tariff refunds, gross margin was 34.7%.
CEO Anesa Chaibi cited broad-based gains in volume and price, marking a third straight quarter of high single-digit average daily sales growth.
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