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Global Industrial Company (NYSE: GIC) posts Q2 2026 results, tariff refund and dividend

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Global Industrial Company reported strong second-quarter 2026 results, with net sales of $386.6 million, up 7.7% and 9.3% on an average daily sales basis. GAAP gross margin improved to 40.2% and operating income from continuing operations rose to $49.3 million, with diluted EPS from continuing operations of $0.96.

Results included a one-time $26.2 million benefit from refunds of IEEPA tariffs, which management also presents on a non-GAAP basis excluding this item: gross margin would have been 34.7%, operating income $28.2 million and diluted EPS $0.54. For the first six months, net sales were $737.0 million and diluted EPS from continuing operations was $1.35, or $0.93 on a comparable non-GAAP basis.

The company ended June 30, 2026 with working capital of $249.0 million, cash and cash equivalents of $86.7 million and approximately $119.8 million of excess availability under its credit facility. Operating cash flow from continuing operations was $46.0 million. The board declared a quarterly cash dividend of $0.28 per share and the company repurchased about 160,000 shares for $4.7 million in the quarter.

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Filing Explained

Of the $26.2 million tariff-refund benefit, $15.3 million was received by quarter-end and $10.9 million remained a receivable.

The company has declared a $0.28-per-share cash dividend for common shareholders, creating a scheduled cash distribution. The dividend is payable on August 24, 2026 to shareholders of record at the close of business on August 17, 2026.

The reported $26.2 million tariff-refund benefit was not entirely cash at quarter end: $15.3 million had been received, while $10.9 million was recorded as a receivable. The company said it does not expect future refunds of assessed IEEPA tariffs to be material.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net sales Q2 2026 $386.6 million Quarter ended June 30, 2026 net sales, up 7.7% year over year
GAAP gross margin Q2 2026 40.2% Consolidated gross margin for the quarter ended June 30, 2026
Operating income from continuing operations Q2 2026 $49.3 million GAAP operating income from continuing operations in Q2 2026
Diluted EPS from continuing operations Q2 2026 $0.96 GAAP diluted earnings per share from continuing operations in Q2 2026
IEEPA tariff refunds benefit Q2 2026 $26.2 million One-time benefit associated with refunds of IEEPA tariffs in Q2 2026
Cash and cash equivalents $86.7 million Cash and cash equivalents balance at June 30, 2026
Working capital $249.0 million Total working capital at June 30, 2026
Quarterly cash dividend $0.28 per share Cash dividend payable August 24, 2026 to holders of record August 17, 2026
IEEPA tariffs regulatory
"recorded approximately $26.2 million associated with refunds of IEEPA tariffs previously paid"
Measures labeled as IEEPA tariffs are trade restrictions or charges imposed under the U.S. International Emergency Economic Powers Act, a law that lets the government respond to national emergencies with economic tools. For investors, these actions are like suddenly adding a toll to certain imports, exports or transactions: they can raise costs, disrupt supply chains, limit market access, and change a company’s revenue or risk profile overnight.
average daily sales financial
"Consolidated sales increased 7.7% and average daily sales increased 9.3% compared to prior year"
The average daily sales is the typical amount of sales a company makes per day over a chosen period, calculated by dividing total sales (in dollars or units) by the number of days in that period. Investors use it like checking a car's average speed to judge momentum: it smooths out one-off spikes or drops to show underlying demand, revenue run-rate and short-term cash flow trends, helping spot whether business activity is growing, steady or fading.
Non-GAAP Results financial
"Non-GAAP Results** Gross profit, operating income from continuing operations and net income"
Non-GAAP results are company-reported financial figures that adjust standard accounting numbers by removing or altering items like one-time charges, stock-based compensation, restructuring costs, or other specified expenses. Investors use them to see a company’s performance after those adjustments; like looking at a cleaned-up version of a picture, they can highlight recurring operating trends that the raw, rule-bound numbers might obscure.
operating margin financial
"Operating margin was 12.8% in Q2 2026 compared to 9.3% last year"
Operating margin shows how much profit a company makes from its core business activities after paying for costs like wages and materials. It’s useful because it tells you how efficiently a company is running—higher margins mean it keeps more money from each dollar of sales, which can indicate better management or stronger products.
working capital financial
"At June 30, 2026, the Company had total working capital of $249.0 million"
Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.
Net sales Q2 2026 $386.6 million +7.7% vs prior year
Net income per diluted share from continuing operations Q2 2026 $0.96 +47.7% vs prior year
Net sales six months 2026 $737.0 million +8.4% vs prior year
Operating income from continuing operations Q2 2026 $49.3 million +47.2% vs prior year
Declared quarterly dividend $0.28 per share Cash dividend payable August 24, 2026 to holders of record August 17, 2026

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FAQ

What were Global Industrial Company (GIC)'s Q2 2026 net sales and growth?
Global Industrial Company reported Q2 2026 net sales of $386.6 million, an increase of 7.7% versus last year. On an average daily sales basis, revenue grew 9.3%, reflecting gains in both volume and price across the business.

How did Global Industrial Company (GIC)'s Q2 2026 earnings per share perform?
Q2 2026 diluted EPS from continuing operations was $0.96, up 47.7% from $0.65 a year earlier. Excluding the IEEPA tariff refund benefit, non-GAAP diluted EPS from continuing operations would have been $0.54 for the quarter.

What IEEPA tariff refund did Global Industrial Company (GIC) record in Q2 2026?
The company recorded a $26.2 million benefit from refunds of IEEPA tariffs in Q2 2026. This included $21.1 million to cost of sales, a $4.0 million reduction of inventory not yet sold and $1.1 million of interest income.

What is Global Industrial Company (GIC)'s liquidity position as of June 30, 2026?
As of June 30, 2026, Global Industrial had cash and cash equivalents of $86.7 million and total working capital of $249.0 million. It also reported approximately $119.8 million of excess availability under its credit facility, supporting ongoing operations.

What dividend did Global Industrial Company (GIC) declare for shareholders?
The board declared a cash dividend of $0.28 per share for common shareholders. The dividend is payable on August 24, 2026 to shareholders of record at the close of business on August 17, 2026.

Did Global Industrial Company (GIC) repurchase shares in Q2 2026?
Yes. Global Industrial repurchased approximately 160,000 shares of its common stock during Q2 2026. The aggregate purchase price was about $4.7 million, reflecting the company’s use of capital for share repurchases alongside dividends.

How much operating cash flow did Global Industrial Company (GIC) generate year-to-date Q2 2026?
Net cash provided by operating activities from continuing operations was $46.0 million for the first six months of 2026. Including discontinued operations, total net cash provided by operating activities reached $47.8 million for the six-month period ended June 30, 2026.
0000945114False00009451142026-08-042026-08-04

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 4, 2026
Global Industrial Company
(Exact Name of Registrant as Specified in its Charter)
Delaware1-1379211-3262067
(State or Other Jurisdiction of Incorporation)(Commission File Number)(IRS Employer Identification No.)
11 Harbor Park Drive, Port Washington, New York
11050
(Address of Principal Executive Offices)(Zip Code)
Registrant’s telephone number, including area code: (516) 608-7000
N.A.
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions ( see General Instruction A.2 below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CRF 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading
 Symbol(s)		Name of each exchange on which registered
Common Stock ($.01 par value)GICNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company          ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.          ☐





 
Item 2.02Results of Operations and Financial Condition
On August 4, 2026 Global Industrial Company (the "Company") issued a press release announcing its financial results for the second quarter ended June 30, 2026 (the "Press Release"). The Press Release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

On August 4, 2026 at 5:00 p.m. Eastern time, management will host a conference call to discuss the Company's financial results for the second quarter ended June 30, 2026.
Item 7.01Regulation FD Disclosure
The Press Release also announced the declaration of a cash dividend of $0.28 per share payable to common stock shareholders of record at the close of business on August 17, 2026, payable on August 24, 2026.

The information furnished in Item 7.01 of this Current Report on Form 8-K including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that Section and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, unless specifically identified therein as being incorporated by reference.
    
Item 9.01.Financial Statements and Exhibits.


Exhibit Index
99.1
Press Release of Global Industrial Company, dated August 4, 2026.
104Cover Page Interactive Data File (formatted as Inline XBRL).

 




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GLOBAL INDUSTRIAL COMPANY
Date: August 4, 2026
By: /s/ Thomas Axmacher
Name: Thomas Axmacher
Title: Vice President and Controller







Exhibit 99.1


image.jpg

GLOBAL INDUSTRIAL REPORTS SECOND QUARTER 2026 FINANCIAL RESULTS

Sales Increased 7.7% to $386.6 Million and 9.3% on an Average Daily Sales Basis
Board Declared $0.28 Dividend

PORT WASHINGTON, NY, August 4, 2026 – Global Industrial Company (NYSE: GIC), a value-added distributor and source for industrial equipment and supplies today announced financial results for the second quarter ended June 30, 2026.
Performance Summary*
(U.S. dollars in millions, except per share data)
HighlightsQuarter Ended
June 30, 		Six Months Ended
June 30,
GAAP Results2026202520262025
Net sales$386.6$358.9$737.0$679.9
Gross profit$155.4$133.0$277.3$245.1
Gross margin40.2%37.1%37.6%36.0%
Operating income from continuing operations$49.3$33.5$69.9$51.7
Operating margin12.8%9.3%9.5%7.6%
Net income from continuing operations$37.1$25.1$52.4$38.6
Net income per diluted share from continuing operations$0.96$0.65$1.35$0.99
Net income from discontinued operations$0.0$0.0$1.3$0.1
Net income per diluted share from discontinued operations$0.00$0.00$0.03$0.00
Non-GAAP Results**
Gross profit$134.3$133.0$256.2$245.1
Gross margin34.7%37.1%34.8%36.0%
Operating income from continuing operations$28.2$33.5$48.8$51.7
Operating margin7.3%9.3%6.6%7.6%
Net income from continuing operations$20.7$25.1$36.0$38.6
Net income per diluted share from continuing operations$0.54$0.65$0.93$0.99
*
Global Industrial Company manages its business and reports using a 52-53 week fiscal year that ends at midnight on the Saturday closest to December 31.  For clarity of presentation, fiscal years and quarters are described as if they ended on the last day of the respective calendar month.  The actual fiscal quarters ended July 4, 2026 and June 28, 2025, respectively. The second quarters of both 2026 and 2025 included 13 weeks and the first six months of both 2026 and 2025 included 26 weeks.

Average daily sales is calculated based upon the number of selling days in each period, with Canadian sales converted to U.S. dollars using the current year's average exchange rate. There were 63 selling days in the U.S. in the second quarter of 2026 compared to 64 selling days in the second quarter of 2025 and there were 128 selling days in the U.S. for the six months ended June 30, 2026 and 2025, respectively. There were 63 selling days in Canada in each of the second quarters of 2026 and 2025, respectively, and there were 126 selling days in Canada for the six months ended June 30, 2026 and 2025, respectively.
**
During the second quarter ended June 30, 2026, the Company recorded approximately $26.2 million associated with refunds of IEEPA tariffs previously paid, comprising $21.1 million related to cost of sales, $4.0 million reduction to inventory not yet sold and $1.1 million of interest income. The non-GAAP results above reflect the exclusion of this one-time benefit from gross profit, operating income from continuing operations, net income and earnings per share.







Second Quarter 2026 Financial Summary:

•Consolidated sales increased 7.7% to $386.6 million compared to $358.9 million last year and average daily sales increased 9.3% compared to prior year.
•Consolidated gross margin increased to 40.2% compared to 37.1% last year. Excluding refunds from tariffs, consolidated gross margin would have been 34.7%, in line with historical performance.
•Consolidated operating income from continuing operations increased 47.2% to $49.3 million compared to $33.5 million last year. Excluding refunds from tariffs, consolidated operating income would have been $28.2 million.
•Net income per diluted share from continuing operations increased 47.7% to $0.96 compared to $0.65 last year. Excluding refunds from tariffs, net income per diluted share would have been $0.54.

Year to Date Q2 2026 Financial Summary:

•Consolidated sales increased 8.4% to $737.0 million compared to $679.9 million last year and average daily sales increased 8.4% compared to prior year.
•Consolidated gross margin increased to 37.6% compared to 36.0% last year. Excluding refunds from tariffs, consolidated gross margin would have been 34.8%.
•Consolidated operating income from continuing operations increased 35.2% to $69.9 million compared to $51.7 million last year. Excluding refunds from tariffs, consolidated operating income would have been $48.8 million.
•Net income per diluted share from continuing operations increased 36.4% to $1.35 compared to $0.99 last year. Excluding refunds from tariffs, net income per diluted share would have been $0.93.








Anesa Chaibi, Chief Executive Officer, said, "We delivered another quarter of strong, broad-based growth, with second quarter revenue increasing 7.7%, and 9.3% on an average daily sales basis. This marks our third consecutive quarter of high single-digit average daily sales growth as we benefited from gains in both volume and price."

"We are pleased with the momentum in the business and the progress we are making in advancing our go-to-market approach. We continue to deepen customer relationships, expand e-procurement adoption, strengthen vertical specialization, and enhance coordination across our sales, marketing, merchandising and digital teams. These initiatives are designed to drive sustainable organic growth, increase share of wallet, support continued market-share gains and enhance our long-term performance."

At June 30, 2026, the Company had total working capital of $249.0 million, cash and cash equivalents of $86.7 million, and excess availability under its credit facility of approximately $119.8 million. Operating cash flow provided by continuing operations in the quarter was $41.3 million. During the second quarter ended June 30, 2026, the Company recorded a benefit of approximately $26.2 million associated with refunds of IEEPA tariffs, comprising $21.1 million related to cost of sales, $4.0 million reduction to inventory not yet sold and $1.1 million of interest income. The Company does not expect any future refunds of IEEPA tariffs assessed to date to be material. Quarter end cash balances reflect approximately $15.3 million of tariff refunds received in the fiscal second quarter, with an additional $10.9 million received in early July recorded as a receivable at quarter end. The Company also repurchased approximately 160,000 shares of its common stock at an aggregate purchase price of $4.7 million during the second quarter ended June 30, 2026. The Company’s Board of Directors has declared a cash dividend of $0.28 per share to common stock shareholders of record at the close of business on August 17, 2026, payable on August 24, 2026. 

Earnings Conference Call Details
Global Industrial Company will host a conference call and question and answer session on its second quarter 2026 results today, August 4, 2026 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.

About Global Industrial Company
Global Industrial Company (NYSE: GIC), is a leading distributor of high-quality, industrial-strength equipment and supplies, serving organizations of all sizes across a wide range of industries. With more than 75 years of experience, customers rely on Global Industrial for its broad portfolio of national and private brands, trusted service and focus on value. We help customers keep their operations running by delivering the right products when they need them, because We Can Supply That®. Visit Globalindustrial.com, and follow us on Facebook, Instagram, and LinkedIn.









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







GLOBAL INDUSTRIAL COMPANY
Condensed Consolidated Statements of Operations - Unaudited
(In millions, except per share amounts)
 
Quarter Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Net sales$386.6 $358.9 $737.0 $679.9 
Cost of sales231.2 225.9 459.7 434.8 
Gross profit155.4 133.0 277.3 245.1 
Gross margin40.2 %37.1 %37.6 %36.0 %
Selling, general and administrative expenses106.1 99.5 207.4 193.4 
Operating income from continuing operations49.3 33.5 69.9 51.7 
Operating margin12.8 %9.3 %9.5 %7.6 %
Interest and other (income) expense, net(1.0)(0.3)(1.1)(0.2)
Income from continuing operations before income taxes50.3 33.8 71.0 51.9 
Provision for income taxes13.2 8.7 18.6 13.3 
Net income from continuing operations37.1 25.1 52.4 38.6 
Net income from discontinued operations0.0 0.0 1.3 0.1 
Net income $37.1 $25.1 $53.7 $38.7 
Net income per common share from continuing operations:
Basic$0.96 $0.65 $1.35 $1.00 
Diluted$0.96 $0.65 $1.35 $0.99 
Net income per common share from discontinued operations:
Basic$0.00 $0.00 $0.03 $0.00 
Diluted$0.00 $0.00 $0.03 $0.00 
Net income per common share:
Basic$0.96 $0.65 $1.38 $1.00 
Diluted$0.96 $0.65 $1.38 $0.99 
Weighted average common and common equivalent shares:
Basic38.2 38.4 38.2 38.4 
Diluted38.2 38.4 38.3 38.4 






GLOBAL INDUSTRIAL COMPANY
Condensed Consolidated Balance Sheets - Unaudited
(In millions)
June 30,December 31,
20262025
Current assets:
Cash and cash equivalents$86.7 $67.5 
Accounts receivable, net186.8 139.6 
Inventories163.6 174.6 
Prepaid expenses and other current assets12.2 14.8 
Total current assets449.3 396.5 
Property, plant and equipment, net17.8 18.5 
Operating lease right-of-use assets88.7 91.8 
Goodwill and intangibles62.7 64.3 
Other assets9.9 9.7 
Total assets$628.4 $580.8 
Current liabilities:
Accounts payable and accrued expenses$185.9 $162.4 
Operating lease liabilities14.4 16.1 
Total current liabilities200.3 178.5 
Operating lease liabilities84.5 87.5 
Other liabilities0.9 1.6 
Shareholders’ equity342.7 313.2 
Total liabilities and shareholders’ equity$628.4 $580.8 








GLOBAL INDUSTRIAL COMPANY
Condensed Consolidated Statements of Cash Flows - Unaudited
(In millions)
Six Months Ended
June 30,
20262025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income from continuing operations$52.4 $38.6 
Adjustments to reconcile net income from continuing operations to net cash provided by (used in) operating activities:
Depreciation and amortization3.9 3.8 
Stock-based compensation3.1 3.7 
Provision for deferred taxes(0.1)(0.3)
Change in working capital(14.5)(11.3)
Other, net1.2 0.6 
Net cash provided by operating activities from continuing operations46.0 35.1 
Net cash provided by operating activities from discontinued operations1.8 0.0 
Net cash provided by operating activities47.8 35.1 
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment(1.7)(1.6)
Acquisition, net of cash acquired0.0 (4.0)
Net cash used in investing activities(1.7)(5.6)
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid(21.6)(20.1)
Stock-based compensation share issuances, net0.4 1.2 
Purchase of treasury shares(5.6)0.0 
Net cash used in financing activities(26.8)(18.9)
EFFECT OF EXCHANGE RATE CHANGES ON CASH(0.1)(0.1)
NET INCREASE IN CASH19.2 10.5 
CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD67.5 44.6 
CASH AND CASH EQUIVALENTS – END OF PERIOD $86.7 $55.1 









GLOBAL INDUSTRIAL COMPANY
Reconciliation of GAAP to Non-GAAP Measures - Unaudited
(In millions)

The following tables reconciles GAAP operating results to Non-GAAP operating results for the quarter ended June 30, 2026.
Quarter Ended June 30, 2026
 As Reported		Non-GAAP Adjustment - IEEPA Tariff RefundsQuarter Ended June 30, 2026
 Non-GAAP
Net sales$386.6 $386.6 
Cost of sales231.2 21.1 252.3 
Gross profit155.4 (21.1)134.3 
Gross margin40.2 %34.7 %
Selling, general and administrative expenses106.1 106.1 
Operating income from continuing operations49.3 (21.1)28.2 
Operating margin12.8 %7.3 %
Interest and other (income) expense, net(1.0)1.1 0.1 
Income from continuing operations before income taxes50.3 (22.2)28.1 
Provision for income taxes13.2 (5.8)7.4 
Net income from continuing operations37.1 (16.4)20.7 
Net income per common share from continuing operations:
Basic$0.96 $(0.42)$0.54 
Diluted$0.96 $(0.42)$0.54 
Weighted average common and common equivalent shares:
Basic38.2 38.238.2 
Diluted38.2 38.238.2 











GLOBAL INDUSTRIAL COMPANY
Reconciliation of GAAP to Non-GAAP Measures - Unaudited
(In millions)

The following tables reconciles GAAP operating results to Non-GAAP operating results for the six months ended June 30, 2026.
Six Months Ended June 30, 2026
 As Reported		Non-GAAP Adjustment - IEEPA Tariff RefundsSix Months Ended June 30,
2026
 Non-GAAP
Net sales$737.0 $737.0 
Cost of sales459.7 21.1 480.8 
Gross profit277.3 (21.1)256.2 
Gross margin37.6 %34.8 %
Selling, general and administrative expenses207.4 207.4 
Operating income from continuing operations69.9 (21.1)48.8 
Operating margin9.5 %6.6 %
Interest and other (income) expense, net(1.1)1.1 0.0 
Income from continuing operations before income taxes71.0 (22.2)48.8 
Provision for income taxes18.6 (5.8)12.8 
Net income from continuing operations52.4 (16.4)36.0 
Net income per common share from continuing operations:
Basic$1.35 $(0.42)$0.93 
Diluted$1.35 $(0.42)$0.93 
Weighted average common and common equivalent shares:
Basic38.2 38.238.2 
Diluted38.3 38.338.3 

Source: View Original Filing on SEC EDGAR

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