Filing Flows › Global Industrial (GIC) › Q1 2026
Global Industrial (GIC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Global Industrial (GIC) reported revenue of $350M for the first quarter 2026 (Q1 2026), +9% from a year earlier and +1% from the quarter before. Operating margin was 5.9%, net earnings $16.6M (4.7% of revenue).
Global Industrial, Q1 2026: revenue $350M (+9% year over year), operating margin 5.9%, net earnings $16.6M, operating cash flow $6.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $350M | +1% | +9% |
| Gross profit | $122M | +2% | +9% |
| Operating profit | $20.6M | +5% | +13% |
| Net earnings | $16.6M | +14% | +22% |
| Operating cash flow | $6.4M | -68% | +88% |
| Free cash flow | $5.6M | -71% | +75% |
What changed
Revenue was $350.4M in Q1 2026, up 9% year over year and up 1% from the previous quarter.
Gross margin was 34.8%, down 0.1 points from Q1 2025. Operating profit was $20.6M, a 5.9% margin (up 0.2 points year over year). Of the extra revenue versus Q1 2025, 8% reached operating profit, above the 6% margin then. Operating expenses grew 8% against revenue growth of 9%. Net earnings were $16.6M, up 22% year over year. The effective tax rate was 24.5%.
Operating cash flow was $6.4M (up 88% year over year), 39% of net earnings. Non-cash charges added back $1.9M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $13.5M. Capital expenditures of $800K left free cash flow of $5.6M.
Questions
What was Global Industrial's revenue in the first quarter 2026?
Global Industrial (GIC) reported revenue of $350M for the first quarter 2026 (Q1 2026), +9% from a year earlier and +1% from the quarter before.
Was Global Industrial profitable in the first quarter 2026?
Operating profit was $20.6M (5.9% of revenue) and net earnings $16.6M.
Source: Global Industrial 10-Q on SEC EDGAR.