--- title: "Global Industrial | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 386.6 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294875430.md" datetime: "2026-08-04T21:27:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294875430.md) - [en](https://longbridge.com/en/news/294875430.md) - [zh-HK](https://longbridge.com/zh-HK/news/294875430.md) --- # Global Industrial | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 386.6 M Revenue: As of FY2026 Q2, the actual value is USD 386.6 M, beating the estimate of USD 377.4 M. EPS: As of FY2026 Q2, the actual value is USD 0.96. EBIT: As of FY2026 Q2, the actual value is USD 50.3 M, beating the estimate of USD 27.72 M. ### Second Quarter 2026 Financial Summary #### Net Sales Global Industrial Company reported consolidated net sales of $386.6 million for the second quarter ended June 30, 2026, an increase from $358.9 million in the prior year, representing 7.7% growth. Average daily sales increased by 9.3% year-over-year. #### Gross Profit and Margin Gross profit was $155.4 million, up from $133.0 million in the second quarter of 2025. The consolidated gross margin increased to 40.2% from 37.1% in the prior year. Excluding approximately $26.2 million in refunds from IEEPA tariffs, the consolidated gross margin would have been 34.7%. #### Operating Income and Margin Operating income from continuing operations rose by 47.2% to $49.3 million, compared to $33.5 million in the second quarter of 2025. Excluding tariff refunds, operating income would have been $28.2 million. The operating margin was 12.8%, up from 9.3% in the prior year. #### Net Income Net income from continuing operations was $37.1 million, an increase from $25.1 million in the second quarter of 2025. #### Operating Costs Selling, general and administrative expenses were $106.1 million, compared to $99.5 million in the second quarter of 2025. #### Interest and Other Income/Expense Interest and other income, net, was - $1.0 million, compared to - $0.3 million in the prior year. ### Year to Date Q2 2026 Financial Summary (Six Months Ended June 30, 2026) #### Net Sales Consolidated sales increased by 8.4% to $737.0 million, up from $679.9 million in the prior year, with average daily sales also increasing by 8.4%. #### Gross Profit and Margin Gross profit for the six months was $277.3 million, compared to $245.1 million in the same period last year. Consolidated gross margin for the year-to-date period increased to 37.6% from 36.0% last year. Excluding tariff refunds, this would have been 34.8%. #### Operating Income and Margin Consolidated operating income from continuing operations increased by 35.2% to $69.9 million, compared to $51.7 million in the prior year. Excluding tariff refunds, operating income would have been $48.8 million. The operating margin was 9.5%, compared to 7.6% in the prior year. #### Net Income Net income from continuing operations was $52.4 million, an increase from $38.6 million in the prior year. #### Operating Costs Selling, general and administrative expenses were $207.4 million, compared to $193.4 million in the prior year. #### Interest and Other Income/Expense Interest and other income, net, was - $1.1 million, compared to - $0.2 million in the prior year. ### Cash Flow and Balance Sheet Highlights (as of June 30, 2026) #### Operating Cash Flow Operating cash flow provided by continuing operations in the second quarter was $41.3 million. Net cash provided by operating activities for the six months ended June 30, 2026, was $47.8 million, up from $35.1 million in the prior year. #### Working Capital Total working capital was $249.0 million. #### Cash and Cash Equivalents Cash and cash equivalents stood at $86.7 million, an increase from $67.5 million at December 31, 2025. #### Credit Facility The company had approximately $119.8 million in excess availability under its credit facility. #### Dividends Global Industrial Company announced the declaration of a cash dividend of $0.28 per share, payable to common stock shareholders of record on August 17, 2026, with a payment date of August 24, 2026. #### Share Repurchases Global Industrial Company repurchased approximately 160,000 shares of its common stock for an aggregate price of $4.7 million during the second quarter. #### IEEPA Tariff Refunds The company recorded a benefit of approximately $26.2 million associated with refunds of IEEPA tariffs in the second quarter, with $15.3 million of these refunds received in cash during the quarter. ### Outlook Global Industrial Company does not anticipate any future material refunds from IEEPA tariffs assessed to date. ### Related Stocks - [GIC.US](https://longbridge.com/en/quote/GIC.US.md) ## Related News & Research - [Insider Selling: Global Industrial (NYSE:GIC) VP Sells 952 Shares of Stock](https://longbridge.com/en/news/295978704.md) - [Global Industrial CFO Thomas Eugene Clark sells 17,500 shares for $684,962.25](https://longbridge.com/en/news/295456213.md) - [Flexsteel Q4 2026 Earnings Preview](https://longbridge.com/en/news/296031749.md) - [Algorhythm Holdings Reports Second Quarter 2026 Financial Results](https://longbridge.com/en/news/296124832.md) - [REG - UIL Limited UIL Finance Ltd - Purchase of 2026 ZDP Shares](https://longbridge.com/en/news/296129742.md)