Global Industrial Company Q2 2025 Financial Results

Global Industrial Company (NYSE: GIC) reported its financial results for the second quarter ended June 30, 2025. The company achieved record profitability with sales of $358.9 million, a 3.2% increase compared to the previous year. Operating income rose by 27% to $33.5 million, with an operating margin of 9.3%. The company also declared a cash dividend of $0.26 per share, payable to shareholders of record on August 11, 2025. The financial results were driven by strong performance in strategic accounts and improved gross margins, which reached a quarterly record of 37.1%. The company's management will host a conference call to discuss the results.