earnings
confidence high
sentiment negative
materiality 0.75
Global Industrial Q2: sales +7.7%, GAAP EPS $0.96; ex-tariff refund adjusted EPS $0.54 vs $0.65
GLOBAL INDUSTRIAL Co
- Q2 net sales $386.6M (+7.7% YoY); avg daily sales +9.3%.
- GAAP diluted EPS $0.96 vs $0.65; includes $0.42 one-time IEEPA tariff refund benefit.
- Adjusted (ex-tariff refund) diluted EPS $0.54 vs $0.65; adjusted operating income $28.2M vs $33.5M.
- GAAP gross margin 40.2% vs 37.1%; adjusted gross margin 34.7% vs 37.1% (in line with historical).
- Board declared $0.28 dividend (payable Aug 24, record Aug 17); repurchased ~160k shares for $4.7M in Q2.