Global Industrial Company (GIC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the Global Industrials First Quarter 2026 Earnings Call. At this time, I would like to turn the call over to Mr. Mike Smarjasi of the Plunkett Group. Please go ahead, sir. Thank you, and welcome to the Global Industrial First Quarter 2026 Earnings Call. Today's call will include formal remarks from Anisa Chaibi, Chief Executive Officer and Tex Clark, Senior Vice President and Chief Financial Officer. Formal remarks will be followed by a question and answer session. Today's discussion may include certain forward-looking statements. It should be understood that actual results could differ materially from those projected due to a number of factors, including those described under the forward-looking statements caption and under risk factors in the company's annual report on Form 10-K, and quarterly reports on Form 10-Q. The earnings release is available on the company's website and has been filed with the SEC on a Form 8-K. This call is the property of Global Industrial Company. I will now turn the call over to Anissa. Thank you, Mike. Good afternoon, everyone, and thank you for joining us. I was very pleased with our first quarter performance. We delivered a strong start to 2026, as we benefited from solid execution and continued momentum across the business. First quarter revenue improved 9.2% with an average daily sales growth of 7.6% and operating income improving 13.2%. We generated growth each month during the period and have seen this top line momentum carry into the second quarter. Our results benefited from price and volume, with gains across both assigned accounts and e-commerce channels, while our largest strategic accounts continued to grow at an accelerated pace. Canada once again delivered strong results...