Global Industrial Company (GIC)
NYSE:GIC
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.54Last Year’s EPS
0.65Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed solid operational momentum — double-digit growth in Canada, overall revenue up 9.2%, average daily sales +7.6%, operating income up 13.2% and continuing strategic progress across sales realignment, e-commerce and MRO expansion. These positives are tempered by margin pressures from fuel, product mix, elevated steel prices and potential tariff risk, along with a non-repeat of prior FIFO-related margin benefits and a modest June timing headwind. On balance, the company presented strong execution and balance-sheet strength while acknowledging manageable near-term margin headwinds.Company Guidance
Top-Line Growth and Sales Momentum
Revenue of $350.4M, up 9.2% year-over-year with average daily sales growth of 7.6%. Company delivered month-over-month growth during the quarter and reports revenue growth continuing into Q2 at a mid- to high-single-digit pace.
Operating Income and Sequential Margin Improvement
Operating income was $20.6M, up 13.2% year-over-year, with operating margin of 5.9%. Gross profit was $121.9M and gross margin improved 30 basis points sequentially to 34.8%.
Strong Canada Performance
Canada revenue increased ~24% in local currency (reported 24.4%), marking the third consecutive quarter of double-digit top-line growth and highlighting sustained outperformance in that market.
Volume Improvement and Strategic Account Strength
The company reported volume improvement for a second consecutive quarter and continued accelerated growth from its largest strategic accounts, with gains across assigned accounts and e-commerce channels.
Progress on Strategic Initiatives and Channel Expansion
Sales realignment into customer verticals is progressing, outside sales initiative rollout has seen positive initial customer response, and expansion of e-procurement/integrated e-commerce and MRO/consumables assortment is driving deeper engagement and share-of-wallet opportunities. MODEX trade show generated strong leads and engagement.
Strong Balance Sheet and Capital Allocation
Strong liquidity with $61.7M cash, no debt and ~ $120M excess availability under the credit facility. Returned capital via repurchase of ~22,000 shares for $0.6M and declared quarterly dividend of $0.28 per share.
Controlled SG&A and Conservative CapEx
Selling, general & administrative expense was $101.3M and improved 40 basis points as a percentage of sales year-over-year. Q1 capex was $0.8M with 2026 capex guidance of $3M–$4M focused on maintenance and distribution equipment.
GIC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GIC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $32.84 | $29.75 | -9.41% |
Feb 24, 2026 | $30.66 | $32.93 | +7.40% |
Oct 28, 2025 | $34.47 | $28.23 | -18.11% |
Jul 29, 2025 | $26.42 | $33.50 | +26.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Global Industrial Company (GIC) report earnings?
Global Industrial Company (GIC) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
What is Global Industrial Company (GIC) earnings time?
Global Industrial Company (GIC) earnings time is at Aug 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GIC EPS forecast?
GIC EPS forecast for the fiscal quarter 2026 (Q2) is 0.54.