Update: Global Industrial Shares Rise After Q3 Results Top Estimates

02:42 PM EST, 11/04/2026 (MT Newswires) -- (Updates with share movement in the headline and first paragraph and dividends in the last paragraph.) Global Industrial (GIC) shares rose 9.3% in Wednesday trading, a day after the company reported Q3 results that topped Wall Street estimates. In the quarter ended Sept. 30, net income from continuing operations rose to $0.64 per diluted share from $0.48 a year earlier. Two analysts polled by FactSet expected $0.55. Net sales rose to $389.5 million from $353.6 million. Three analysts expected $385.4 million. The company also declared a special dividend of $1 a share and maintained its regular dividend of $0.28 a share, payable Nov. 23 to stockholders of record Nov. 16. Price: 48.22, Change: +4.09, Percent Change: +9.27