Anthony Lebiedzinski

Michael Francis

Ryan Merkel

Matt Kaelberer

- Global Industrial reported **Q3 2025 revenue of $353.6 million**, a **3.3%** increase year-over-year, with **12.3%** growth in Canadian revenue (local currency) and overall growth driven by strategic accounts.  **[0000945114_2210983_1]** **[0000945114_2210983_2]** 
- The company achieved a **gross margin of 35.6%**, up **160 basis points** from Q3 2024, and **operating income increased 18.5% to $26.3 million**.  **[0000945114_2210983_1]** **[0000945114_2210983_2]** 
- SG&A expenses increased **6%** to **$99.7 million**, primarily due to higher variable compensation expenses related to performance.  **[0000945114_2210983_2]** **[0000945114_2210983_6]** 
- As of September 30, 2025, Global Industrial maintained a strong balance sheet with **$67.2 million in cash**, **no debt**, and over **$120 million** of excess availability under its credit facility.  **[0000945114_2210983_3]** 
- Management noted that revenue growth continued into October at higher rates than Q3, and they expect continued year-over-year margin expansion in Q4, with pricing anticipated to be consistent or slightly higher.  **[0000945114_2210983_2]** **[0000945114_2210983_4]** **[0000945114_2210983_5]**

Global Industrial Reports Q3 2025 Revenue and Profit Growth

- Global Industrial Company (GIC) reported **Q3 2025 revenue of $353.6 million**, an increase of **3.3%** over the prior year, marking its second consecutive quarter of revenue growth.  **[0000945114_2209192_1]** **[0000945114_2209192_2]** 
- The company achieved a **gross margin of 35.6%**, an increase of **160 basis points** over Q3 2024, and operating income improved **18.5% to $26.3 million**.  **[0000945114_2209192_1]** **[0000945114_2209192_2]** 
- Performance was driven by growth in strategic accounts, partially offset by an intentional reduction in transactional customers, with management expecting volume decline headwinds from this segment to wane in Q4.  **[0000945114_2209192_1]** **[0000945114_2209192_2]** **[0000945114_2209192_5]** 
- GIC maintains a **strong balance sheet** with **$67.2 million in cash**, **no debt**, and over **$120 million** in excess availability under its credit facility as of September 30th.  **[0000945114_2209192_3]** 
- The company declared a quarterly dividend of **$0.26 per share** of common stock.  **[0000945114_2209192_3]**

Global Industrial Company Reports Strong Q3 2025 Revenue Growth and Profitability

- Global Industrial Company reported **Q3 2025 revenue of $353.6 million**, an increase of **3.3%** year-over-year, driven by strong performance in strategic accounts and **12.3%** growth in Canadian operations.  **[0000945114_2210932_1]** **[0000945114_2210932_2]** 
- Profitability significantly improved, with **gross margin at 35.6%** (up **160 basis points** from Q3 2024) and **operating income rising 18.5% to $26.3 million**.  **[0000945114_2210932_1]** **[0000945114_2210932_2]** 
- The company maintained a strong financial position as of September 30th, 2025, with **$67.2 million in cash**, no debt, and a **current ratio of 2.2 to 1**.  **[0000945114_2210932_3]** 
- Selling, general, and administrative (SG&A) expenses increased **6% to $99.7 million**, primarily due to higher variable compensation expenses tied to improved performance.  **[0000945114_2210932_2]** **[0000945114_2210932_6]** 
- Management noted positive **mid-single-digit pricing** in Q3, specifically **just over 5%**, and expects similar or slightly higher levels in Q4, anticipating continued year-over-year margin expansion in Q4 despite potential sequential pullback.  **[0000945114_2210932_2]** **[0000945114_2210932_4]**

Global Industrial Company Reports Strong Q3 2025 Revenue and Profitability

- Global Industrial Company reported **$1.32 billion** in revenue for **2024** and maintains a **debt-free balance sheet**.  **[945114_2147559_1]** **[945114_2147559_4]**  The company emphasizes a customer-centric strategy focused on profitable growth, leveraging its capital-light model and strong free cash flow.  **[945114_2147559_1]** **[945114_2147559_4]** **[945114_2147559_8]** 
- Approximately **40%** of GIC's revenue is derived from exclusive brands, which offer a **15-20% margin premium** compared to national brands.  **[945114_2147559_1]** **[945114_2147559_2]**  The company is actively expanding its product assortment, including piloting new consumable categories like shrink-wrap and tape, to increase its share of wallet with existing customers.  **[945114_2147559_7]** **[945114_2147559_9]** 
- Global Industrial has consistently returned capital to shareholders, paying a regular quarterly dividend since **2016** and increasing it to **$0.26** in February **2025**.  **[945114_2147559_1]** **[945114_2147559_4]**  The company also has a share repurchase program in place.  **[945114_2147559_4]**

GLOBAL INDUSTRIAL (GIC)