Global Industrial Company (NYSE:GIC) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET

Company Participants

Mike Smargiassi - IR, The Plunkett Group
Richard Leeds - Chairman & CEO
Tex Clark - SVP & CFO

Conference Call Participants

Ryan Merkel - William Blair
Anthony Lebiedzinski - Sidoti & Company

Operator

Good day, and welcome to the Global Industrial Company Second Quarter 2024 Earnings Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Michael Smargiassi, Investor Relations. Please go ahead.

Mike Smargiassi

Thank you, and welcome to the Global Industrial Second Quarter 2024 Earnings Call. Leading today's call will be Richard Leeds, Executive Chairman; and Tex Clark, Senior Vice President and Chief Financial Officer. Formal remarks will be followed by a question-and-answer session. During the call, we will reference both GAAP and organic metrics. Organic reflects the performance of Global Industrials business, exclusive of the May 19, 2023 Indoff acquisition.

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 other risk factors in the company's annual report on Form 10-K and quarterly reports on Form 10-Q. The press 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 Richard.

Richard Leeds

Thanks, Mike. Good afternoon, everyone, and thank you for joining us. Before turning to the financial results, I wanted to take a moment to comment on our CEO transition. Our nationwide CEO search is underway. And next week, I will formally take on the additional role of Interim CEO. This is a position I previously held for nearly 20 years and have remained actively engaged with the business in my role as Executive Chairman of the Board. I've worked closely with the senior management team supporting their efforts during the past several years.

On behalf of Global Industrial, I would like to thank Barry for his contributions and wish him well as he embarks on the next chapter in his career. Over the past several years, we have built a strong senior management team. They have both the Board's and my full confidence. I look forward to supporting their efforts as we continue to execute on our strategy.