GIC - Earnings announcements

Sales of $342.4 MillionOperating Income of $22.2 Million; Operating Margin 6.5%Board Declares $0.25 Dividend PORT WASHINGTON, NY / ACCESSWIRE / October 29, 2024 / Global Industrial Company (NYSE:GIC) today announced financial results for the third quarter ended September 30, 2024.Performance Summary*(U.S. dollars in millions, except per share data)Highlights Quarter EndedSeptember 30, Nine Months EndedSeptember 30, 2024 2023 2024 2023 Net sales $342.4 $354.6 $1,013.6 $954.2 Gross profit $116.3 $116.3 $349.7 $327.6 Gross margin 34.0% 32.8% 34.5% 34.3%Operating income from continuing operations $22.2 $28.2 $66.0 $75.1 Operating margin 6.5% 8.0% 6.5% 7.9%Net income from c

PORT WASHINGTON, NY / ACCESSWIRE / October 22, 2024 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the third quarter ended September 30, 2024 on Tuesday, October 29, 2024 after U.S. market hours. Management will host a conference call and question and answer session on the Company's results at 5:00 p.m. Eastern Time on October 29th. To access the call, please dial 412-317-6347 five minutes prior to the start time. The call will also be available via webcast on the Company's website at https://investors.globalindustrial.com. If you are unable to listen to the call at its s

Sales of $347.8 Million, Increase 6.8%Operating Income of $26.4 Million; Operating Margin 7.6%Board Declares $0.25 DividendPORT WASHINGTON, NY / ACCESSWIRE / July 30, 2024 / Global Industrial Company (NYSE:GIC) today announced financial results for the second quarter ended June 30, 2024. Performance Summary*(U.S. dollars in millions, except per share data)Highlights Quarter EndedJune 30, Six Months EndedJune 30, 2024 2023 2024 2023 Net sales $347.8 $325.8 $671.2 $599.6 Gross profit $122.5 $112.9 $233.4 $211.3 Gross margin 35.2% 34.7% 34.8% 35.2%Operating income from continuing operations $26.4 $29.1 $43.8 $46.9 Operating margin 7.6% 8.9% 6.5% 7.8%Net income from contin

PORT WASHINGTON, NY / ACCESSWIRE / July 22, 2024 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the second quarter ended June 30, 2024 on Tuesday, July 30, 2024 after U.S. market hours. Management will host a conference call and question and answer session on the Company's results at 5:00 p.m. Eastern Time on July 30th. To access the call, please dial 412-317-6347 five minutes prior to the start time. The call will also be available via webcast on the Company's website at https://investors.globalindustrial.com. If you are unable to listen to the call at its scheduled time,

Sales of $323.4 Million, Increase 18.1% Operating Income of $17.4 Million; Operating Margin 5.4%Board Declares $0.25 DividendPORT WASHINGTON, NY / ACCESSWIRE / April 30, 2024 / Global Industrial Company (NYSE:GIC) today announced financial results for the first quarter ended March 31, 2024. Performance Summary*(U.S. dollars in millions, except per share data)Highlights Quarter EndedMarch 31, 2024 2023 Net sales $323.4 $273.8 Gross profit $110.9 $98.4 Gross margin 34.3% 35.9%Operating income from continuing operations $17.4 $17.8 Operating margin 5.4% 6.5%Net income from continuing operations $13.1 $13.3 Net income per diluted share from continuing operations $0.34 $0.35

PORT WASHINGTON, NY / ACCESSWIRE / April 23, 2024 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the first quarter ended March 31, 2024 on Tuesday, April 30, 2024 after U.S. market hours.Management will host a conference call and question and answer session on the Company's results at 5:00 p.m. Eastern Time on April 30th. To access the call, please dial 412-317-6347 five minutes prior to the start time. The call will also be available via webcast on the Company's website at https://investors.globalindustrial.com. If you are unable to listen to the call at its scheduled time,

Fourth Quarter Sales of $320.1 Million, Up 22.9%; Operating Income of $21.4 Million and Operating Margin of 6.7%Full Year Sales of $1.27 Billion, Up 9.3%; Operating Income of $96.5 Million and Operating Margin of 7.6%Board Increases Dividend 25%; Declares $0.25 DividendPORT WASHINGTON, NY / ACCESSWIRE / February 29, 2024 / Global Industrial Company (NYSE:GIC) today announced financial results for the fourth quarter ended December 31, 2023.Performance Summary*(U.S. dollars in millions, except per share data)Highlights Quarter EndedDecember 31, Year EndedDecember 31, 2023 2022 2023 2022 Net sales $320.1 $260.5 $1,274.3 $1,166.1 Gross profit $108.2 $93.8 $435.8 $421.2 Gross margin

Sales of $354.6 Million, Increase 18.8%Operating Income of $28.2 Million; Operating Margin 8.0%Board Declares $0.20 DividendPORT WASHINGTON, NY / ACCESSWIRE / October 31, 2023 / Global Industrial Company (NYSE:GIC) today announced financial results for the third quarter ended September 30, 2023.Performance Summary* (U.S. dollars in millions, except per share data)Highlights Quarter EndedSeptember 30, Nine Months EndedSeptember 30, 2023 2022 2023 2022 Net sales $354.6 $298.5 $954.2 $905.6 Gross profit $116.3 $106.6 $327.6 $327.4 Gross margin 32.8% 35.7% 34.3% 36.2%Operating income from continuing operations $28.2 $27.5 $75.1 $87.5 Operating margin 8.0% 9.2% 7.9% 9.7%Net

PORT WASHINGTON, NY / ACCESSWIRE / October 24, 2023 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the third quarter ended September 30, 2023 on Tuesday, October 31, 2023 after U.S. market hours. Management will host a conference call and question and answer session on the Company's results at 5:00 p.m. Eastern Time on October 31st. To access the call, please dial 412-317-6347 five minutes prior to the start time. The call will also be available via webcast on the Company's website at https://investors.globalindustrial.com. If you are unable to listen to the call at its sc

-Sales of $325.8 Million, Increase 2.3%--Operating Income of $29.1 Million; Operating Margin 8.9%--Board Declares $0.20 Dividend-PORT WASHINGTON, NY / ACCESSWIRE / August 1, 2023 / Global Industrial Company (NYSE:GIC) today announced financial results for the second quarter ended June 30, 2023.Performance Summary*(U.S. dollars in millions, except per share data)HighlightsQuarter EndedJune 30, Six Months EndedJune 30, 2023 2022 2023 2022Net sales$325.8 $318.5 $599.6 $607.1Gross profit$112.9 $113.0 $211.3 $220.8Gross margin 34.7% 35.5% 35.2% 36.4%Operating income from continuing operations$29.1 $30.5 $46.9 $60.0Operating margin 8.9% 9.6% 7.8% 9.9%Net income from contin

-Corrects Second Quarter End Date-PORT WASHINGTON, NY / ACCESSWIRE / July 24, 2023 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the second quarter ended June 30, 2023 on Tuesday, August 1, 2023 after U.S. market hours. Management will host a conference call and question and answer session on the Company's results at 5:00 p.m. Eastern Time on August 1st. To access the call, please dial 412-317-6347 five minutes prior to the start time. The call will also be available via webcast on the Company's website at https://investors.globalindustrial.com. If you are unable to list

PORT WASHINGTON, NY / ACCESSWIRE / July 24, 2023 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the second quarter ended July 30, 2023 on Tuesday, August 1, 2023 after U.S. market hours.Management will host a conference call and question and answer session on the Company's results at 5:00 p.m. Eastern Time on August 1st. To access the call, please dial 412-317-6347 five minutes prior to the start time. The call will also be available via webcast on the Company's website at https://investors.globalindustrial.com. If you are unable to listen to the call at its scheduled time,

-Sales of $273.8 Million--Operating Income of $17.8 Million; Operating Margin of 6.5%--Board Declares $0.20 Dividend-PORT WASHINGTON, NY / ACCESSWIRE / May 2, 2023 / Global Industrial Company (NYSE:GIC) today announced financial results for the first quarter ended March 31, 2023.Performance Summary*(U.S. dollars in millions, except per share data)Highlights Quarter EndedMarch 31, 2023 2022 Net sales $273.8 $288.6 Gross profit $98.4 $107.8 Gross margin 35.9% 37.4%Operating income from continuing operations $17.8 $29.5 Operating margin 6.5% 10.2%Net income from continuing operations $13.3 $21.8 Net income per diluted share from continuing operations $0.35 $0.57 Net (loss)

PORT WASHINGTON, NY / ACCESSWIRE / April 25, 2023 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the first quarter ended March 31, 2023 on Tuesday, May 2, 2023 after U.S. market hours. Management will host a conference call and question and answer session on the Company's results at 5:00 p.m. Eastern Time on May 2nd. To access the call, please dial 412-317-6347 five minutes prior to the start time. The call will also be available via webcast on the Company's website at https://investors.globalindustrial.com.If you are unable to listen to the call at its scheduled time, the w

-Fourth Quarter Sales of $260.5 Million, Down 0.6%; Operating Income of $17.7 Million and Operating Margin of 6.8%--Full Year Sales of $1.17 Billion, Up 9.7%; Operating Income of $105.2 Million and Operating Margin of 9.0%--Board Declares $0.20 Dividend, an Increase of 11.1%-PORT WASHINGTON, NY / ACCESSWIRE / February 21, 2023 / Global Industrial Company (NYSE:GIC) today announced financial results for the fourth quarter ended December 31, 2022. Performance Summary*(U.S. dollars in millions, except per share data)Highlights Quarter EndedDecember 31, Year EndedDecember 31, 2022 2021 2022 2021 Net sales $260.5 $262.0 $1,166.1 $1,063.1 Gross profit $93.8 $97.0 $421.2 $374.3 Gross ma

PORT WASHINGTON, NY / ACCESSWIRE / February 13, 2023 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the fourth quarter ended December 31, 2022 on Tuesday, February 21, 2023 after U.S. market hours. Management will host a conference call and question and answer session on the Company's results at 5:00 p.m. Eastern Time on February 21st. To access the call, please dial 412-317-6347 five minutes prior to the start time. The call will also be available via webcast on the Company's website at https://investors.globalindustrial.com.If you are unable to listen to the call at its sc

-Sales of $298.5 Million Increases 7.6%--Operating Income of $27.5 Million; Operating Margin of 9.2%--Board Declares $0.18 Dividend-PORT WASHINGTON, NY / ACCESSWIRE / November 1, 2022 / Global Industrial Company (NYSE:GIC) today announced financial results for the third quarter ended September 30, 2022.Performance Summary*(U.S. dollars in millions, except per share data)Highlights Quarter EndedSeptember 30, Nine Months EndedSeptember 30, 2022 2021 2022 2021 Net sales $298.5 $277.4 $905.6 $801.1 Gross profit $106.6 $102.0 $327.4 $277.3 Gross margin 35.7% 36.8% 36.2% 34.6% Operating income from continuing operations $27.5 $30.6 $87.5 $61.9 Operating margin 9.2% 11.0%

PORT WASHINGTON, NY / ACCESSWIRE / October 25, 2022 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the third quarter ended September 30, 2022 on Tuesday, November 1, 2022 after U.S. market hours.Management will host a conference call and question and answer session on the Company's results at 5:00 p.m. Eastern Time on November 1st. To access the call, please dial 412-317-6347 five minutes prior to the start time. The call will also be available via webcast on the Company's website at https://investors.globalindustrial.com.If you are unable to listen to the call at its schedu

-Record Sales of $318.5 Million Increases Approximately 17%--Operating Income Increases 23.5% to $30.5 Million; Operating Margin of 9.6%--Board Declares $0.18 Dividend-PORT WASHINGTON, NY / ACCESSWIRE / August 2, 2022 / Global Industrial Company (NYSE:GIC) today announced financial results for the second quarter ended June 30, 2022. Performance Summary*(U.S. dollars in millions, except per share data)HighlightsQuarter EndedJune 30, Six Months EndedJune 30, 2022 2021 2022 2021 Net sales$318.5 $272.6 $607.1 $523.7 Gross profit$113.0 $98.0 $220.8 $175.3 Gross margin 35.5% 36.0% 36.4% 33.5%Operating income from continuing operations$30.5 $24.7 $60.0 $31.3 Operating margin 9.6% 9.1% 9.9%

PORT WASHINGTON, NY / ACCESSWIRE / July 26, 2022 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the second quarter ended June 30, 2022 on Tuesday, August 2, 2022 after U.S. market hours.Management will host a conference call and question and answer session on the Company's results at 5:00 p.m. Eastern Time on August 2nd. To access the call, please dial 412-317-6347 five minutes prior to the start time. The call will also be available via webcast on the Company's website at https://investors.globalindustrial.com.If you are unable to listen to the call at its scheduled time, t

-Record Sales of $288.6 Million Increases 15%--Gross Margin Sets Record For Third Consecutive Quarter at 37.4%--Operating Income Increases to $29.5 Million; Operating Margin of 10.2%--Board Declares $0.18 Dividend-PORT WASHINGTON, NY / ACCESSWIRE / May 3, 2022 / Global Industrial Company (NYSE:GIC) today announced financial results for the first quarter ended March 31, 2022. Performance Summary*(U.S. dollars in millions, except per share data) Highlights Quarter EndedMarch 31, 2022 2021 Net sales $288.6 $251.1 Gross profit $107.8 $77.3 Gross margin 37.4% 30.8% Operating income from continuing operations $29.5 $6.6 Operating margin 10.2% 2.6% Net income from continuing operatio

PORT WASHINGTON, NY / ACCESSWIRE / April 26, 2022 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the first quarter ended March 31, 2022 on Tuesday, May 3, 2022 after U.S. market hours.Management will host a conference call and question and answer session on the Company's results at 5:00 p.m. Eastern Time on May 3rd. To access the call, please dial 412-317-6347 five minutes prior to the start time. The call will also be available via webcast on the Company's website at www.globalindustrial.com in the investor relations section.If you are unable to listen to the call at its sc

Record Gross Margin Drives Improved ProfitabilitySales of $262.0 Million, Down 4.3%; Sales Increase 3.5% on an Average Daily Sales BasisOperating Income of $26.1 Million, Up 23.7% from Prior Year; Operating Margin Expands to 10.0%EPS From Continuing Operations Increases 26.2% to $0.53Board Declares $0.18 Dividend, an Increase of 12.5%PORT WASHINGTON, NY / ACCESSWIRE / February 15, 2022 / Global Industrial Company (NYSE:GIC) today announced financial results for the fourth quarter ended December 31, 2021.Performance Summary*(U.S. dollars in millions, except per share data)HighlightsQuarter EndedDecember 31,Year EndedDecember 31, 2021202020212020Net sales$ 262.0$ 273.9$ 1,063.1$ 1,029.0Gross p

PORT WASHINGTON, NY / ACCESSWIRE / February 8, 2022 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the fourth quarter ended December 31, 2021 on Tuesday, February 15, 2022 after U.S. market hours.Management will host a conference call and question and answer session on the Company's results at 5:00 p.m. Eastern Time on February 15th. To access the call, please dial 412-317-6347 five minutes prior to the start time. The call will also be available via webcast on the Company's website at www.globalindustrial.com in the investor relations section.If you are unable to listen to

-Sales of $277.4 million; Supply Chain Constraints Impact Accelerating Customer Demand--Gross Margin of 36.8%, a New Quarterly Record--Operating Income of $30.6 million; Operating Margin of 11.0% Matches Quarterly Record--Board Declares $0.16 Dividend-PORT WASHINGTON, NY / ACCESSWIRE / November 2, 2021 / Global Industrial Company (NYSE:GIC) today announced financial results for the third quarter ended September 30, 2021.Performance Summary* (U.S. dollars in millions, except per share data)HighlightsQuarter Ended September 30,Nine Months Ended September 30, 2021202020212020Net sales$277.4 $285.7 $801.1 $755.1 Gross profit$102.0 $102.3 $277.3 $263.8 Gross margin36.8%35.8%34.6%34.9%Operating in

PORT WASHINGTON, NY / ACCESSWIRE / October 26, 2021 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the third quarter ended September 30, 2021 on Tuesday, November 2, 2021 after U.S. market hours.Management will host a conference call and question and answer secession on the Company's third quarter results at 5:00 p.m. Eastern Time on November 2nd. To access the call please dial 412-317-6347 five minutes prior to the start time. The call will also be available via webcast on the Company's website at www.globalindustrial.com in the investor relations section.If you cannot list

PORT WASHINGTON, NY / ACCESSWIRE / July 27, 2021 / Global Industrial Company (NYSE:GIC), a value-added distributor of industrial products and MRO supplies, today announced that it will release financial results for the second quarter ended June 30, 2021 on Tuesday, August 3, 2021 after U.S. market hours.Management will host a conference call and question and answer secession on the Company's second quarter results at 5:00 p.m. Eastern Time on August 3rd. To access the call please dial 412-317-6347 five minutes prior to the start time. The call will also be available via webcast on the Company's website at www.globalindustrial.com in the investor relations section.If you cannot listen to the