By Josh Beckerman
Global Industrial shares declined after it reported higher sales and earnings but noted volume declines for certain customers.
The stock was down 17% to $29.18 and is up about 18% this year.
The distributor of industrial equipment and supplies said third-quarter revenue rose 3.3% to $353.6 million, while earnings per share increased to 48 cents from 44 cents.
"While we saw order count growth in our largest and most strategic customers, we continue to see volume declines primarily in onetime, lower order value transactions," Chief Financial Officer Tex Clark said in the earnings call. The company expects volume decline headwinds in this transactional segment will begin to wane in the fourth quarter.
"The quarter also saw some decline in federal government spending due to the timing of awards and budget uncertainty," Clark said. He said the tariff environment remains fluid and said the company took a pricing action in late August in response to tariffs that began in early August.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 29, 2025 13:42 ET (17:42 GMT)
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