Hughes Claudia sold $255K of GIC

Global Industrial (NYSE:GIC) reported Q2 results and discussed a shift toward deeper B2B customer engagement, including inside and field sales, national-account support, and expanded GPO and e-procurement efforts. GPO was on pace for $100 million in annualized sales. GAAP results benefited from about $26 million in IEEPA tariff refunds; adjusted gross margin was 34.7%. Cash was $86.7 million with no debt.

Global Industrial (NYSE:GIC), formerly Systemax, reported Q2 CY2026 results. Revenue rose 7.7% year on year to $386.6 million, exceeding Wall Street estimates by 2.4%. GAAP profit was $0.96 per share, 81.1% above consensus. The stock rose 1.6% to $37.93 after the release. Analysts expect full-year EPS to decline 5% to $2.10.

GLOBAL INDUSTRIAL Co (GIC) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 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 d

TPG Capital, with GIC and ICICI Bank, will acquire Aseem Infrastructure Finance, an Indian non-bank lender backed by NIIF, for about ₹4,800 crore (~$500m), according to people familiar with the matter. The deal supports TPG’s $1bn green financing initiative via TPG Rise Climate. Aseem’s loan book is ₹18,000–20,000 crore; current sponsors exit.

Shares of IFCI, SBI and other firms rose up to 14% after the National Stock Exchange (NSE) filed draft IPO papers with SEBI, naming multiple companies as selling shareholders in the offer-for-sale. NSE’s IPO will be an OFS of up to 14.89 crore shares (~$3 billion). SBI plans to sell ~2.47 crore shares; Bank of Baroda ~1.10 crore; GIC ~1.07 crore; New India Assurance ~1.05 crore.

GIC shares are in focus as India’s government opens an offer for sale (OFS) for non-retail investors on June 16, 2026, after earlier stake sales in NLC India, NHPC, Central Bank of India and Coal India. DIPAM said it will sell 2% plus a 3% green shoe. The floor price is Rs 352/share (vs BSE close Rs 388.35). Over 8.77 crore shares could raise ~Rs 3,000 crore.