GIC on NYSE

Global Industrial Company

American industrial and MRO product company

Global Industrial Company is a Port Washington, New York–based company providing industrial and MRO (maintenance, repair, and operating supply) products through a system of branded e-Commerce websites and relationship marketers in North America. The primary brand is Global Industrial. The company was founded in 1949 as Global Equipment Company, a material handler.3 Its shares trade on NYSE under the symbol GIC.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 20, 2026.

Overview

1949Founded1

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  • TickerGIC on NYSE1
  • IndustryWholesale-Industrial Machinery & Equipment1
  • HeadquartersPort Washington1
  • Incorporated inDE4
  • Business address11 Harbor Park Drive, Port Washington, Ny 110504
  • Filer categoryAccelerated filer4

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Global Industrial Company is a Port Washington, New York–based company providing industrial and MRO (maintenance, repair, and operating supply) products through a system of branded e-Commerce websites and relationship marketers in North America. The primary brand is Global Industrial.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

35.5%Gross margin7
7.1%Operating margin7
5.2%Net margin7
4.8%Revenue growth, 20257
23.0%Return on equity7
$74.7MFree cash flow7

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue64¢$888.9M
  • Selling, general and admin28¢$392.6M
  • Income tax2¢$25.6M
  • Profit5¢$72.1M

Out of $1.4B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending4¢$3.1M
  • Dividends paid52¢$40.3M
  • Share buybacks12¢$9.1M
  • Kept or used elsewhere33¢$25.3M

Out of $77.8M of cash from operations.7

Financial statements

Revenue8910117$1.4B in 2025+46% since 2019
0$500.0M$1.0B$1.5B2019: $946.9M$946.9M20192020: $1.0B$1.0B2020+9%2021: $1.1B$1.1B2021+3%2022: $1.2B$1.2B2022+10%2023: $1.3B$1.3B2023+9%2024: $1.3B$1.3B2024+3%2025: $1.4B$1.4B2025+5%
Gross profit8910117$490.2M in 2025+51% since 2019
0$200.0M$400.0M$600.0M2019: $325.7M$325.7M20192020: $356.9M$356.9M2020+10%2021: $374.3M$374.3M2021+5%2022: $421.2M$421.2M2022+13%2023: $435.8M$435.8M2023+3%2024: $452.0M$452.0M2024+4%2025: $490.2M$490.2M2025+8%
Operating income8910117$97.6M in 2025+48% since 2019
0$50.0M$100.0M$150.0M2019: $66.1M$66.1M20192020: $84.1M$84.1M2020+27%2021: $88.0M$88.0M2021+5%2022: $105.2M$105.2M2022+20%2023: $96.5M$96.5M2023−8%2024: $80.5M$80.5M2024−17%2025: $97.6M$97.6M2025+21%
Net income8910117$72.1M in 2025+49% since 2019
0$50.0M$100.0M$150.0M2019: $48.5M$48.5M20192020: $65.4M$65.4M2020+35%2021: $103.3M$103.3M2021+58%2022: $78.8M$78.8M2022−24%2023: $70.7M$70.7M2023−10%2024: $61.0M$61.0M2024−14%2025: $72.1M$72.1M2025+18%
Fiscal year2019202020212022202320242025
Revenue$946.9M8$1.0B9$1.1B10$1.2B11$1.3B7$1.3B7$1.4B7
Cost of revenue$621.2M8$672.1M9$688.8M10$744.9M11$838.5M7$863.9M7$888.9M7
Gross profit$325.7M8$356.9M9$374.3M10$421.2M11$435.8M7$452.0M7$490.2M7
Selling, general and admin$260.4M8$272.8M9$286.3M10$316.0M11$339.3M7$371.5M7$392.6M7
Operating income$66.1M8$84.1M9$88.0M10$105.2M11$96.5M7$80.5M7$97.6M7
Interest
Income before tax$87.6M10$103.8M11$95.2M7$79.8M7$97.6M7
Income tax$16.1M8$19.9M9$17.5M10$25.7M11$24.5M7$19.1M7$25.6M7
Net income$48.5M8$65.4M9$103.3M10$78.8M11$70.7M7$61.0M7$72.1M7
Earnings per share$1.298$1.729$2.7310$2.0711$1.857$1.597$1.867
Earnings per share (diluted)$1.288$1.719$2.7110$2.0611$1.847$1.587$1.857
Shares (weighted, basic)37.8M shares1038.0M shares1138.1M shares738.3M shares738.4M shares7
Shares (weighted, diluted)38.0M shares1038.1M shares1138.2M shares738.4M shares738.4M shares7

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Corporate structure

Global Industrial Company sits at the top of its group. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Global Industrial Company

  • FMR LLC Filed SCHEDULE 13G/A on Global Industrial Company, latest May 6, 2026 (6 filings since Nov 12, 2024)
  • Mawer Investment Management Ltd. Filed SC 13G/A on Global Industrial Company, latest Nov 8, 2024 (4 filings since Feb 10, 2022)
  • Richard Leeds Filed SC 13G/A on Global Industrial Company, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • Prescott General Partners LLC Filed SC 13G/A on Global Industrial Company, latest Feb 14, 2022
  • Global Industrial Company Port Washington
    • Indoff Subsidiary · St. Louis, United States
    • Avenue Industrial Supply Company Limited Subsidiary · Canada

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Global Industrial Company reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$65.1M7 Dec 31, 2025$61.3M7 Dec 31, 2024+6.2%
Accumulated depreciation$46.6M7 Dec 31, 2025$42.2M7 Dec 31, 2024+10.4%
Property and equipment, net$18.5M7 Dec 31, 2025$19.1M7 Dec 31, 2024−3.1%
Operating-lease assets (leased space)$91.8M7 Dec 31, 2025$72.7M7 Dec 31, 2024+26.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$67.5M7 Dec 31, 2025$44.6M7 Dec 31, 2024+51.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$40.6M7 Dec 31, 2025$39.6M7 Dec 31, 2024+2.5%
Indefinite-lived intangibles (excluding goodwill)$700.0K7 Dec 31, 2025$700.0K7 Dec 31, 20240%
Finite-lived intangibles, gross$33.0M7 Dec 31, 2025$32.3M7 Dec 31, 2024+2.2%
Accumulated amortization$10.0M7 Dec 31, 2025$6.9M7 Dec 31, 2024+44.9%
Finite-lived intangibles, net$23.0M7 Dec 31, 2025$25.4M7 Dec 31, 2024−9.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$174.6M7 Dec 31, 2025$167.1M7 Dec 31, 2024+4.5%

Properties, in its own words

We operate our business from numerous facilities in North America and Asia. These facilities include our headquarters location, administrative offices, telephone call centers and distribution centers. Certain facilities handle multiple functions. All of our facilities are leased.

North America

The rest of Item 2

As of December 31, 2025, we have six primary distribution centers in North America and Canada, which aggregate approximately 2.8 million square feet of space. The Company also has smaller distribution facilities located in North America

and Canada. The Company has sublet certain warehouse distribution space in Canada, which aggregates to approximately 127,000 square feet, and office space in Florida of approximately 3,000 square feet.

Our headquarters, administrative offices and call centers aggregate approximately 242,000 square feet of space.

The Company has one business to business call center and one warehouse from its discontinued NATG business that are sublet. These properties aggregate to approximately 0.4 million square feet of space.

Asia

As of December 31, 2025 we leased three administrative offices in Asia aggregating approximately 17,000 square feet of space.

Please refer to Note 5, Leases, of Notes to Consolidated Financial Statements for additional information about leased properties.

Item 2 of the 10-K filed Feb 27, 2026.15

The story

Global Industrial was established in 1949 by Michael and Paul Leeds in Queens, New York as a material handling equipment supplier. In 1985 the company began to deal with computer products. Through acquisitions of other computer-supply companies, the company expanded across the U.S. and into parts of Europe, with a revenue of nearly $180 million by 1990.

According to the company website, it sells over 1,000,000 products via online sales and call center.

Global Industrial has been accredited by the Better Business Bureau since June 2002.

Global Industrial was ranked number 21 on Modern Distribution Management's Top 40 Industrial Distributors in 2017.

From Wikipedia’s article on Global Industrial Company, shared under CC BY-SA 4.0.5

Leadership

Who has led Global Industrial Company, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Richard Leeds2006–2009
  2. David Sprosty2011
  3. Perminder Dale2013
  4. Lawrence P. Reinhold2016–2018
  5. Barry Litwin2019–2024
  6. Anesa Chaibi2025–now

Chair

  1. Richard Leeds2006–2024

President

  1. Simon Taylor2015–2016
  2. Lawrence P. Reinhold2016–2018
  3. Robert Dooley2016–2021

Chief financial officer

  1. Steven M. Goldschein2006
  2. Lawrence P. Reinhold2007–2016
197019801990200020102020
Board members and other officers (37)

Products and brands

Subsidiaries and divisions of Global Industrial Company include Nexel, Infotel, C&H Distributors and Avenue Industrial Supply Company.

Acquisition of CompUSA

On January 6, 2008, Systemax Inc. announced an agreement on the acquisition of the Miami-based CompUSA brand, trademarks, and e-commerce business, and as many as 16 CompUSA retail outlets in Florida, Texas, and Puerto Rico. The first new CompUSA store under Systemax ownership was opened in November 2009.

Acquisition of Circuit City trademarks and website

On May 13, 2009, Circuit City announced it would sell its intellectual property, including its trademarks, brand name, and internet domain, to Systemax for $14 million. The deal took effect six days later. The defunct CircuitCity.com website was restored after the Systemax purchase.

In late December 2012, CompUSA and Circuit City were both consolidated into TigerDirect, which Systemax sold to PCM, Inc. on December 1, 2015.

Read the full text

Acquisition of WStore Europe

On September 18, 2009, Systemax announced the acquisition of WStore Europe, SA, a European supplier of business IT products with operations in France (Inmac WStore SAS and I-Com Software) and in the United Kingdom (WStore UK Limited).

Acquisition of Misco Solutions (SCC Netherlands)

On June 12, 2014, Systemax announced the acquisition of SCC Services B.V., a supplier of business-to-business IT products and services with operations in the Netherlands. This subsidiary was renamed Misco Solutions.

Acquisition of Plant Equipment Group (“PEG”)

On January 30, 2015, Systemax announced the acquisition of the Plant Equipment Group ("PEG"), a business-to-business direct marketer of maintenance, repair and operations ("MRO") products, from TAKKT America. PEG serves business customers within the North American MRO market.

Sale of TigerDirect

On December 1, 2015, Systemax announced the sale of certain Business to Business assets of its North American Technology Group, including TigerDirect to PCM, Inc.

Sale of German Operations to CANCOM SE

On July 25, 2016, Systemax announced the sale of its Misco Germany assets to CANCOM SE.

Sale of European Technology Products Group Businesses

On March 27, 2017, Systemax announced the sale of all its European Technology Products Group Businesses, excluding their operations in France.

Sale of French-based Information Technology Business

On September 4, 2018, Systemax announced it has closed the previously announced sale of its France-based IT business to Bechtle AG.

From Wikipedia’s article on Global Industrial Company, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Subsidiaries

Subsidiaries (Exhibit 21)

  • Avenue Industrial Supply Company Limited Canada6

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • SYSTEMAX INCAug 16, 1999 to Jun 10, 20214
  • GLOBAL DIRECTMAIL CORPAug 14, 1996 to Feb 16, 19994

Timeline

  1. Aug 4, 20268-K Results of operations; Regulation FD disclosure62
  2. Jul 7, 20268-K Entered a material agreement; New debt or obligation63
  3. Jun 3, 20268-K Shareholder vote64
  4. May 5, 20268-K Results of operations; Regulation FD disclosure65
  5. Feb 24, 20268-K Results of operations; Other events66
  6. Oct 28, 20258-K Results of operations; Regulation FD disclosure67
  7. Aug 8, 20258-K Executive or director change68
  8. Jul 29, 20258-K Results of operations; Regulation FD disclosure69
  9. Jun 5, 20258-K Shareholder vote70
  10. Apr 29, 20258-K Results of operations; Regulation FD disclosure71
  11. Feb 25, 20258-K Results of operations; Other events72
  12. Feb 18, 2025New chief executive Anesa Chaibi becomes CEO16
  13. Feb 10, 20258-K Executive or director change; Regulation FD disclosure73
  14. Jun 21, 2021Went public Listed on NYSE1
  15. Jan 8, 2019New chief executive Barry Litwin becomes CEO17
  16. Mar 10, 2016New chief executive Lawrence P. Reinhold becomes CEO18
  17. Nov 20, 2013New chief executive Perminder Dale becomes CEO19
  18. Oct 5, 2011New chief executive David Sprosty becomes CEO20
  19. Feb 14, 2006New chief executive Richard Leeds becomes CEO21
  20. 1949Founded Founded1

Calendar

Coming up

  1. Oct 27, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.48 a share, on Oct 28, 2025.74

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results62
  2. May 5, 2026Reported quarterly or annual results65
  3. Feb 24, 2026Reported quarterly or annual results66
  4. Oct 28, 2025Reported quarterly or annual results67
  5. Jul 29, 2025Reported quarterly or annual results69
  6. Apr 29, 2025Reported quarterly or annual results71
  7. Feb 25, 2025Reported quarterly or annual results72
  8. Oct 29, 2024Reported quarterly or annual results75

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

337 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 38 major events, 231 insider forms, 13 large holders, 35 other. The latest 20:

  1. Sep 11, 20264 EDGAR
  2. Sep 3, 20264 EDGAR
  3. Sep 3, 20264 EDGAR
  4. Sep 3, 20264 EDGAR
  5. Aug 31, 2026144/A EDGAR
  6. Aug 31, 20264 EDGAR
  7. Aug 31, 20264 EDGAR
  8. Aug 31, 20264 EDGAR
  9. Aug 31, 20264 EDGAR
  10. Aug 31, 20264 EDGAR
  11. Aug 31, 20264 EDGAR
  12. Aug 31, 20264 EDGAR
  13. Aug 28, 2026144 EDGAR
  14. Aug 28, 2026144 EDGAR
  15. Aug 14, 20264 EDGAR
  16. Aug 12, 2026144 EDGAR
  17. Aug 10, 20264 EDGAR
  18. Aug 10, 20264 EDGAR
  19. Aug 6, 2026144 EDGAR
  20. Aug 6, 2026144 EDGAR

The 337 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

33 open-market trades by officers, directors and large owners since October 2021: 12 buys and 21 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 28, 2026Hughes ClaudiaSVP & Chief Sales OfficerSale4,753$39.78$189.1KForm 4
Aug 27, 2026Hughes ClaudiaSVP & Chief Sales OfficerSale1,734$38.22$66.3KForm 4
Aug 24, 2026Hughes ClaudiaSVP & Chief Sales OfficerBuy15$38.67$580Form 4
Aug 13, 2026AXMACHER THOMASVP & ControllerSale952$39.10$37.2KForm 4
Aug 6, 2026AXMACHER THOMASVP & ControllerSale1,848$38.60$71.3KForm 4
Aug 6, 2026Clark Thomas EugeneSVP & Chief Financial OfficerSale17,500$39.14$685.0KForm 4
May 26, 2026Hughes ClaudiaSVP & Chief Sales OfficerBuy16$29.48$472Form 4
Mar 27, 2026Longhito ChristopherSale11,214$31.03$347.9KForm 4
Mar 27, 2026Longhito ChristopherSale11,214$31.03$347.9KForm 4
Mar 26, 2026Longhito ChristopherSale364$31.46$11.5KForm 4
Mar 26, 2026Longhito ChristopherSale364$31.46$11.5KForm 4
Mar 23, 2026Longhito ChristopherSale819$31.30$25.6KForm 4
Mar 23, 2026Longhito ChristopherSale819$31.30$25.6KForm 4
Mar 16, 2026Hughes ClaudiaSVP & Chief Sales OfficerBuy15$30.53$458Form 4
Nov 17, 2025Hughes ClaudiaSVP & Chief Sales OfficerBuy16$26.80$429Form 4
Sep 4, 2025AXMACHER THOMASVP & ControllerSale9,255$37.50$347.1KForm 4
Aug 18, 2025Hughes ClaudiaSVP & Chief Sales OfficerBuy12$34.85$418Form 4
Aug 1, 2025Clark Thomas EugeneSVP & Chief Financial OfficerSale10,000$33.27$332.7KForm 4
May 19, 2025Hughes ClaudiaSVP & Chief Sales OfficerBuy15$27.22$408Form 4
Mar 17, 2025Hughes ClaudiaSVP & Chief Sales OfficerBuy19$22.39$425Form 4

All 33 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Anesa T. ChaibiChief Executive Officer59$826.9K$4.4M80
2025Richard B. LeedsExecutive Chairman and Former Interim Chief Executive Officer66$950.0K$2.0M80
2025Thomas ClarkSenior Vice President and Chief Financial Officer$555.1K$1.5M80
2025Adina StorchSenior Vice President, General Counsel and Corporate Secretary$511.8K$1.3M80
2025Manoj ShettySenior Vice President and Chief Information Officer$549.2K$1.3M80
2025Claudia HughesSenior Vice President and Chief Sales Officer$467.9K$1.1M80
2024Thomas ClarkSenior Vice President and Chief Financial Officer$555.1K$1.9M80
2024Adina StorchSenior Vice President, General Counsel and Corporate Secretary$511.8K$1.7M80
2024Manoj ShettySenior Vice President and Chief Information Officer$549.2K$1.7M80
2024Claudia HughesSenior Vice President and Chief Sales Officer$467.9K$1.4M80
2024Richard B. LeedsExecutive Chairman and Former Interim Chief Executive Officer66$950.0K$980.0K80
2023Thomas ClarkSenior Vice President and Chief Financial Officer$536.4K$1.3M80
2023Claudia HughesSenior Vice President and Chief Sales Officer$454.2K$1.1M80
2023Manoj ShettySenior Vice President and Chief Information Officer$535.8K$1.0M80
2023Richard B. LeedsExecutive Chairman and Former Interim Chief Executive Officer66$950.0K$980.0K80

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Fmr LLC3,198,682$107.0M0.0%+9,143
BlackRock, Inc.1,594,894$53.4M0.0%+239,954
Dimensional Fund Advisors LP909,426$30.4M0.0%+16,101
Vanguard Capital Management LLC606,467$20.3M0.0%+15,530
Geode Capital Management, LLC498,975$16.7M0.0%+111,349
State Street Corp346,682$11.6M0.0%+29,725
Bank of New York Mellon Corp314,105$10.5M0.0%+1,356
Renaissance Technologies LLC303,279$10.1M0.0%−49,292
Morgan Stanley224,038$7.5M0.0%+66,228
Hotchkis & Wiley Capital Management LLC222,214$7.4M0.0%+5,620
Hillsdale Investment Management Inc.218,391$7.3M0.2%+19,300
ProShare Advisors LLC212,115$7.1M0.0%New
Goldman Sachs Group Inc170,624$5.7M0.0%−44,443
Jacobs Levy Equity Management, Inc165,876$5.6M0.0%+27,082
Vanguard Portfolio Management LLC159,214$5.3M0.0%+25,304
Northern Trust Corp151,219$5.1M0.0%+9,183
Algert Global LLC141,594$4.7M0.1%+6,530
Two Sigma Investments, LP129,947$4.3M0.0%−72,772
Nuveen, LLC125,125$4.2M0.0%−43,221
Aqr Capital Management LLC123,938$4.1M0.0%+1,625
Charles Schwab Investment Management Inc119,216$4.0M0.0%+4,427
Edgestream Partners, L.P.114,978$3.8M0.1%+22,335
Panagora Asset Management Inc103,486$3.5M0.0%+11,055
Bank Of America Corp /de/100,629$3.4M0.0%+46,174
Vanguard Fiduciary Trust Co99,699$3.3M0.0%+3,978

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 31, 2025Thomas R. SuozziDemocratic, HouseSale$15,001 - $50,000−58.7%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Global Industrial Company is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGLOBAL INDUSTRIAL Co2
  • CIK0000945114
  • Employer ID (EIN)11-326206715
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company15
  • Incorporated inDelaware15
  • Fiscal year endsDecember 312
  • Industry code (SIC)5084 Wholesale-Industrial Machinery & Equipment2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business address11 Harbor Park Drive, Port Washington, NY 110502
  • Phone51660870002
  • Shares outstanding38,108,341 as of Jul 31, 202613
  • Public float$367.0M as of Jun 30, 202515
  • AuditorErnst & Young LLP, New York, New York PCAOB ID 42; it also attests to the company’s internal control over financial reporting15
  • On EDGAR sinceMay 15, 19962
  • Filings1,170 in all: 4 (511), 8-K (213), 10-Q (92), 3 (37), 4/A (36), DEF 14A (30), SC 13G/A (30), 10-K (29)2
    All 30 form types

    5 (26), UPLOAD (23), DEFA14A (22), CORRESP (19), 144 (18), ARS (17), SD (13), SC 13G (12), S-8 (7), 8-K/A (6), NT 10-Q (6), 10-Q/A (5), SCHEDULE 13G/A (5), 10-K/A (3), 3/A (2), NT 10-K (2), 10-K405 (1), 144/A (1), DEFR14A (1), NTN 10Q (1), PRE 14A (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2026
    Quarterly report (10-Q) Aug 4, 2026
    Proxy statement (DEF 14A) Apr 22, 2026
    Latest 8-K (8-K) Aug 4, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $ .01 per shareGICNew York Stock Exchange

From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).15

Risk factors and legal proceedings

The risks Global Industrial Company names in Item 1A of its 10-K filed Feb 27, 2026: 27 risks under these headings, as written.15

  • Risks Related to the Economy and Our Industries
  • •General economic conditions, including those that can result in decreased customer confidence and spending, could result in our failure to achieve our historical sales growth rates and profit levels. Pandemics have disrupted and may in the future disrupt global supply chains, including those we rely on in China and elsewhere abroad, which could materially adversely affect our operations.
  • •Geopolitical instability outside of the U.S. may adversely impact the U.S. and global economies.
  • •Adverse weather events or natural disasters, as well as pandemics such as the coronavirus, could negatively affect or disrupt our operations. We may be affected by global climate changes or by legal, regulatory or market responses to such potential change.
  • •The imposition of tariffs and other trade barriers, as well as retaliatory trade measures, have caused us to raise the prices on certain of our products and seek alternate sources of supply, which could negatively impact our sales or disrupt our operations.
  • •There is a highly competitive labor market for certain employees we hire, which can impact our growth plans.
  • •Our industry is evolving and consolidating, which could adversely affect our business and financial results.
  • •Volatility in commodity prices may adversely affect gross margins.
  • •Events such as acts of war or terrorism, natural disasters, data security breaches, changes in law, or large losses could adversely affect our insurance coverage and insurance expense, resulting in an adverse effect on our profitability and financial condition.
  • •Environmental Matters
  • Risks Related to Our Company and our Business
  • •Our ability to maintain capacity at and forecast the needs of our warehousing and distribution facilities can impact our business and results of operations.
The other 18 risks
  • •We rely on third-party suppliers for our products and services. The loss or interruption of these relationships could impact our sales volumes, the levels of inventory we must carry, and/or result in sales delays and/or higher inventory costs from new suppliers.
  • •We rely on third-party suppliers for shipping and delivery services and managing the logistics of a distribution business can impact our results of operations and margins.
  • •Changes in our customer, product, vendor, sourcing or channel sales mix, or failure to execute on competitive pricing programs designed to increase market share and/or customer velocity, including the use of free or reduced freight incentives, could cause our gross margin and ultimately operating margins to decline; failure to mitigate these pressures could adversely affect our operating results and financial condition.
  • •We rely to a great extent on our information and telecommunications systems, and significant system failures or outages, or our failure to properly evaluate, upgrade or replace our systems, or the failure of our security/safety measures to protect our systems and websites, could have an adverse effect on our results of operations.
  • •Use of Cloud-Based Systems and Infrastructure Provided by Third Parties Present Significant Risks to Our Business.
  • •Data and security breaches, and other disruptions in our information technology systems, could compromise confidential or private information and expose us to liability, which could cause our business and reputation to suffer.
  • •We have identified material weaknesses in our internal control over financial reporting associated with certain Information Technology General Controls ("ITGCs"). If we are unable to remediate this, or otherwise fail to maintain proper and effective internal controls, our ability to produce timely and accurate financial statements could be impaired, which could adversely affect our operating results, our ability to operate our business, our stock price and access to the capital markets.
  • •Our foreign product procurement operations are subject to risks such as foreign regulatory trade and customs requirements such as the tariffs and duties matters discussed above, and the political and economic conditions of the jurisdictions from which we procure products.
  • •We are exposed to various inventory risks, such as being unable to profitably resell excess or obsolete inventory and/or the loss of product return from our vendors; such events could lower our gross margins or result in inventory write-downs that would reduce reported future earnings.
  • •Concentration of Ownership and Control Limits Stockholders Ability to Influence Corporate Actions.
  • •Risk of Thin Trading and Volatility of our Common Stock Could Impact Stockholder Value
  • •Goodwill and intangible assets may become impaired resulting in a charge to earnings.
  • •Our business is dependent on certain key personnel.
  • •We are subject to litigation risk due to the nature of our business, which may have a material adverse effect on our results of operations and business.
  • •We exited our North American Technology Products Group ("NATG") business in 2015 and could incur costs in excess of our estimated exit expenses.
  • •We may encounter difficulties with acquisitions and other strategic transactions which could harm our business.
  • •Our operations are subject to the effects of a rising rate of inflation.
  • •Changes in accounting standards or practices, as well as new accounting pronouncements or interpretations, may require us to account for and report our financial results in a different manner in the future, which may be less favorable than the manner used historically.

Legal proceedings

For a description of the Company's legal proceedings, see Note 16, Commitments, Contingencies and Other Matters, of Notes to Consolidated Financial Statements.

The opening of Item 3, Legal Proceedings.15

Sources

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