Analyst
William Blair
Equibles does not estimate personal net worth.
Michael Francis is recorded as Analyst at William Blair. Michael Francis has spoken on 6 earnings calls across 3 companies, most recently for GLOBAL INDUSTRIAL Co on November 3, 2026. Those appearances were for GLOBAL INDUSTRIAL Co (GIC), Karat Packaging Inc. (KRT) and Acuity Inc. (De) (AYI). The companies whose calls Michael Francis spoke on are classified in the Industrials and Consumer Cyclical sectors.
“You talked about a lot of sort of negative takes there, but at the same time, your gross margin next to tariff refund seems to have held up better than a lot of your distribution peers.”
“I want to start on the SG&A. That seemed to be the big surprise for us in the quarter to the downside. You mentioned you have some actions that you're taking to improve that.”
“The margin index tariff increases would have missed what we had been down a little bit quarter over quarter. You know, you talked about the higher transport costs, but would love to know sort of what the puts and takes are within that sort of bucket.”
“I wanted to start on sales in 2Q. Trends sound good so far, but I know the comps start to get tougher, particularly on price. As you lot those increases, you also have the 4th of July timing headwinds.”
“And then wanted to talk about gross margins on the AIS side. 60% for it to be considered a ceiling? Do you think there's more you could do there?”
William Blair
Analyst
Source not stated
Industrial Distribution · Industrials
Packaging & Containers · Consumer Cyclical
AYI
Electrical Equipment & Parts · Industrials
