PORT WASHINGTON, NY, October 28, 2025 – Global Industrial Company (NYSE: GIC), a value-added distributor and source for industrial equipment and supplies today announced financial results for the third quarter ended September 30, 2025.

•Consolidated sales increased 3.3% to $353.6 million compared to $342.4 million last year.

•Consolidated gross margin increased to 35.6% compared to 34.0% last year.

•Consolidated operating income from continuing operations increased 18.5% to $26.3 million compared to $22.2 million last year.

•Net income per diluted share from continuing operations increased 9.1% to $0.48 compared to $0.44 last year.

•Consolidated sales increased 2.0% to $1.03 billion compared to $1.01 billion last year.

•Consolidated gross margin increased to 35.9% compared to 34.5% last year.

•Consolidated operating income from continuing operations increased 18.2% to $78.0 million compared to $66.0 million last year.

•Net income per diluted share from continuing operations increased 13.8% to $1.48 compared to $1.30 last year.

Anesa Chaibi, Chief Executive Officer, said, "We delivered our second consecutive quarter of revenue growth and strong profitability, reflecting solid execution and proactive management of the business. Revenue increased 3.3% to $353.6 million and performance was once again driven by our largest strategic accounts, where we are seeing good momentum and progress. Gross margin was 35.6% for the third quarter, an increase of 160 basis points over the third quarter of 2024. Operating income improved 18.5%, and we also had strong cash flow generation in the quarter."

"We are advancing the transformation of our business model and elevating the placement of the customer at the center of everything we do. This includes the reframing of our go-to-market strategy to take a more intentional approach to attracting customers, expanding the solutions and products we offer, and enhancing our ability to serve customers. Executing on these initiatives will better position the business to grow, capitalize on new opportunities, and broaden the total addressable market we actively pursue."

As of September 30, 2025, the Company had total working capital of $219.5 million, cash and cash equivalents of $67.2 million, and excess availability under its credit facility of approximately $120.5 million. Operating cash flow provided by continuing operations in the quarter was $22.6 million. The Company’s Board of Directors has declared a cash dividend of $0.26 per share to common stock shareholders of record at the close of business on November 10, 2025, payable on November 17, 2025. 

Global Industrial Company will host a conference call and question and answer session on its third quarter 2025 results today, October 28, 2025 at 5:00 p.m. Eastern Time. A live webcast of the call will be available on the Company’s website at https://investors.globalindustrial.com in the events section. The webcast will also be archived on the website for approximately 90 days.

Global Industrial Company (NYSE: GIC), through its operating subsidiaries, is a value-added distributor and source for industrial equipment and supplies. Leveraging over 75 years of experience, Global Industrial specializes in providing MRO solutions to businesses ranging from small to enterprise, and to the public sector. Global Industrial is committed to its customer-centric strategy and uses industry expertise, products from its Global Industrial Exclusive BrandsTM, and nationally known brands to provide customers with a breadth of offerings to meet their needs. At Global Industrial, "We Can Supply That®".

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of that term in the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Additional written or oral forward-looking statements may be made by the Company from time to time in filings with the Securities and Exchange Commission or otherwise. Any such statements that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management's estimates, assumptions and projections and are not guarantees of future performance. When used in this release, the words "anticipates," "believes," "estimates," "expects," "intends," and "plans" and variations thereof and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this report are based on the Company’s beliefs and expectations as of the date of this report and are subject to risks and uncertainties which may have a significant impact on the Company’s business, operating results or financial condition. Investors are cautioned that these forward-looking statements are inherently uncertain and undue reliance should not be placed on them. Important risk factors that may affect our future results of operations and financial condition are detailed from time to time in our Securities and Exchange Commission filings. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected events, except as may be required by applicable law.

Investor/Media Contacts: Mike Smargiassi / Collin Dreizen The Plunkett Group 212-739-6729 mike@theplunkettgroup.com / collin@theplunkettgroup.com (In millions, except per share amounts)