This article first appeared on GuruFocus.
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Net Revenue: Record $385 million in Q2 2026, up 7.4% year-over-year.
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Comparable Written Sales: Increased 12.5% in Q2, bringing year-to-date to 2.8%.
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Comparable Delivered Sales: Increased 4% in Q2, exceeding guidance.
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Gross Profit: $172 million, up 16.1% year-over-year; excluding a $23.8 million IEPA tariff recovery benefit, gross profit was $157 million, up 5.6%.
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Gross Margin: 44.7%, up 330 basis points year-over-year; excluding the tariff benefit, gross margin was 40.7%, down 70 basis points.
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SG&A Expenses: $118 million, up 16.1% year-over-year, with SG&A load increasing 230 basis points to 30.6%.
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Net Income: $40 million, up…
