Global Industrial (NYSE:GIC) Posts Earnings Results, Beats Estimates By $0.09 EPS

Global Industrial (NYSE:GIC) released its quarterly earnings data on Tuesday. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.55 by $0.09, FiscalAI reports. Global Industrial had a net margin of 6.06% and a return on equity of 21.49%. The firm had revenue of $389.50 million for the quarter, compared to the consensus estimate of $385.41 million.

Here are the key takeaways from Global Industrial’s conference call:

• Third-quarter revenue rose 10.2% to $389.5 million, while average daily sales increased 8.5% for the fourth consecutive quarter. Operating income increased 24.3%, supported by volume growth and fixed-cost leverage.
• Management announced a regular quarterly dividend of $0.28 per share and a $1.00 special dividend, reflecting strong cash generation and a balance sheet with $119.2 million in cash and no debt.
• The company said its customer-centric, vertical-focused strategy is producing strong growth among strategic accounts, industrial and retail customers, and e-procurement channels, helping expand share of wallet and recurring purchases.
• Fourth-quarter gross margins are expected to face pressure from higher fuel, ocean freight, parcel peak-season surcharges, and Canadian tariffs; management expects margins to be roughly in line with last year’s 34.5%.
• Q4 2026 will have only 61 selling days versus 66 in the prior-year quarter, creating an estimated 8% headwind to reported GAAP revenue growth, making average daily sales a more relevant performance measure.

Global Industrial Trading Up 0.1%

Shares of GIC stock traded up $0.06 during trading hours on Tuesday, reaching $44.09. The company’s stock had a trading volume of 140,582 shares, compared to its average volume of 116,118. The stock has a market capitalization of $1.68 billion, a P/E ratio of 19.68, a P/E/G ratio of 1.48 and a beta of 0.77. The firm’s fifty day simple moving average is $41.87 and its 200 day simple moving average is $35.02. Global Industrial has a one year low of $26.40 and a one year high of $45.19.

Insider Activity at Global Industrial

In other news, SVP Claudia Hughes sold 4,753 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $39.78, for a total transaction of $189,074.34. Following the transaction, the senior vice president directly owned 32,167 shares of the company’s stock, valued at $1,279,603.26. This represents a 12.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Thomas Axmacher sold 952 shares of Global Industrial stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $39.10, for a total value of $37,223.20. Following the completion of the sale, the vice president directly owned 6,414 shares of the company’s stock, valued at $250,787.40. The trade was a 12.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,287 shares of company stock worth $363,904 in the last 90 days. 64.51% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

GIC has been the subject of several recent analyst reports. Freedom Broker assumed coverage on Global Industrial in a research note on Wednesday, October 14th. They set a “hold” rating and a $39.00 target price for the company. Weiss Ratings lowered Global Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 25th. Finally, Wall Street Zen upgraded shares of Global Industrial from a “buy” rating to a “strong-buy” rating in a report on Monday. Three analysts have rated the stock with a Hold rating. According to data from MarketBeat, Global Industrial currently has an average rating of “Hold” and an average price target of $39.00.

About Global Industrial

Global Industrial Company (NYSE:GIC) is a distributor of industrial, commercial and business products serving organizations across North America. The company sells products through its e-commerce platforms, catalogs and sales representatives, serving businesses, government agencies, educational institutions and other commercial customers.

Its product offerings include material-handling and storage equipment, shelving, cabinets, workbenches, safety supplies, janitorial and sanitation products, packaging materials, tools, lighting, HVAC equipment, office furniture and other facility-maintenance products.