GLOBAL INDUSTRIAL DL-,01

Shareholders re-elected all 13 directors, rejected a proposal to require an independent board chair, approved executive compensation and ratified PwC as auditor. CEO Christophe Beck said 2025 was a record year with record sales, adjusted EPS, operating margins, free cash flow and 13% adjusted EPS growth, and organic operating margin of 18%. Beck highlighted growth opportunities from AI-related markets—data centers, microelectronics and liquid-cooling—citing a $10 billion addressable opportunity in Global High Tech and the pending CoolIT acquisition. He said commodity costs are rising (~9%) but pricing is accelerating with a view to 5–6% pricing in H2, reiterated 2026 guidance and signaled confidence for stronger performance into 2027. » Plus sur finance.yahoo.com

Ecolab reports adjusted diluted EPS of $1.70 for Q1 2026 (+13%) on revenue of $4.07 billion (+10%). Adjusted operating margin rose 70 basis points to 16.7%, driven by price adjustments and efficiency gains; organic revenue growth was 4% (3% price, 1% volume). Strong contributions came from Global High‑Tech (+25%) and Life Sciences (+11%), while Paper and Heavy Water declined. For 2026 management expects adjusted EPS of $8.43–8.63 and an operating margin of around 19%, with accelerated organic growth of 6–7% in H2; the acquisition of CoolIT remains conditional. » Plus sur de.investing.com

Global Industrial competes as a value‑added North American distributor focused on broad catalog e‑commerce, private‑label expansion and centralized fulfillment rather than branch density. In 2025 sales rose 4.8% to $1.38bn, gross margin expanded 120 bps to 35.5% and operating income increased 21.2%, while free cash flow was about $74.7m. The company’s cash conversion cycle has lengthened largely because accounts payable days compressed, not due to deteriorating receivables, and inventory turns have normalised. Market valuation (~17x P/E, ~12x EV/EBIT) appears conservative relative to a ~20% ROIC and recent margin gains, though continued AP compression is the key working‑capital risk. » Plus sur investing.com