Global Industrial Company (NYSE:GIC) filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 3, 2026, reporting third-quarter net sales of $389.5 million and net income of $24.6 million.

Key Highlights

  • Net sales of $389.5 million for the three months ended September 30, 2026, compared to $353.6 million in the same period of 2025, according to the filing.
  • Net income of $24.6 million for Q3 2026, up from $18.8 million in Q3 2025, as reported in the condensed consolidated statements of operations.
  • Nine-month net sales reached $1,126.5 million for the period ended September 30, 2026, versus $1,033.5 million in the prior-year period.
  • Cash and cash equivalents of $119.2 million at September 30, 2026, compared to $67.5 million at December 31, 2025.
  • Diluted earnings per share of $0.64 for Q3 2026 from continuing operations, compared to $0.48 in Q3 2025.
  • Quarterly dividend declared of $0.28 per share, versus $0.26 per share in the comparable prior-year quarter.
  • 38,199,823 shares outstanding as of October 30, 2026, per the cover page of the filing.

Global Industrial Reports Third-Quarter 2026 Financial Results

According to the Form 10-Q filed November 3, 2026, Global Industrial Company reported net sales of $389.5 million for the three months ended September 30, 2026, an increase from $353.6 million in the third quarter of 2025. Gross profit for Q3 2026 was $138.9 million, compared to $126.0 million in Q3 2025. Selling, general and administrative expenses were $106.2 million for the quarter, up from $99.7 million in the prior-year period. Operating income from continuing operations totaled $32.7 million, versus $26.3 million a year earlier.

For the nine months ended September 30, 2026, the filing disclosed net sales of $1,126.5 million and net income of $78.3 million, compared to $1,033.5 million in net sales and $57.5 million in net income for the same period in 2025. Nine-month diluted earnings per share were $2.04, up from $1.48 in the prior-year nine-month period. Net cash provided by operating activities was $92.1 million for the nine months ended September 30, 2026, versus $57.8 million in the comparable 2025 period.

On the balance sheet, total assets were $634.7 million at September 30, 2026, compared to $580.8 million at December 31, 2025. Total shareholders' equity was $358.3 million at the end of the quarter, up from $313.2 million at year-end 2025. The filing also noted that treasury stock stood at 1,114,216 shares at September 30, 2026, costing $24.9 million, compared to 1,049,634 shares at a cost of $22.1 million at December 31, 2025. Inventories declined to $153.1 million from $174.6 million at year-end 2025.

What Was Disclosed

Global Industrial Company disclosed its unaudited condensed consolidated financial results for the three and nine months ended September 30, 2026, including income statements, balance sheet data, and cash flow information, along with share count and dividend figures as of the filing date.