Global Industrial Company

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. Revenue increased 24% in local currency with continued growth across the business. This marks the third consecutive quarter of double-digit top-line growth, highlighting the exceptional work of our team in Canada and reinforcing the significant potential we see in that market. From a strategic standpoint, we are making progress and are encouraged by the actions we have taken to refine our value proposition and reposition the business for growth. This includes aligning the business around the customer to better serve their needs and being more intentional and focused in our go-to-market approach. Our sales realignment into customer verticals is progressing well, allowing us to better meet our customers' needs through deeper specialization and tailored experiences. As we have previously shared, this will allow us to improve and drive more targeted engagement and broaden customer relationships. We are also pleased with the rollout of our outside sales initiative, where the team is actively developing a pipeline and uncovering new opportunities. While still in the early stages, the initial response from customers has been positive, and we're encouraged by the potential opportunities ahead. We are also continuing to expand our e-procurement and integrated e-commerce capabilities, which are helping us to deepen relationships, improve retention, and position us to capture greater share of wallet over time. Our focus on continuously enhancing our digital experience has improved our customer engagement and satisfaction. It has enabled us to highlight our broad solutions offering and has allowed us to build direct sticky relationships with our customers' procurement teams. This is an area where Global Industrial has a strong offering, and we have seen significant growth in the number of e-procurement platform customers in the last year. In merchandising, We are advancing our MRO and consumables expansion as we broaden our assortment to better serve customer needs and support incremental revenue opportunities. We remain focused on providing the right solutions and products that help customers solve their problems and keep their operations running. This remains a meaningful opportunity for us and an important component of our long-term growth strategy. Finally, in April, I had the opportunity to join our team at the Modex Trade Show, one of the largest manufacturing and supply chain events of the year. We had a very successful show. Our booth generated strong traffic and engagement, and we saw solid lead generation across our product categories. The event allowed us to showcase our refined value proposition, the strength of our product offering, and our new alignment across our sales, marketing, and merchandising teams. I also connected with our supplier partners in discussions that reinforce the value we bring to market and the positive change taking place across the company. Overall, we are encouraged by the progress we are making. The business is performing well. Our strategic initiatives are gaining traction, and we are building a solid foundation to drive sustainable, profitable growth. Now, I will turn the call over to Tex.