Global Industrial Co

Global Industrial Co. engages in direct marketing of brand name and private label industrial and business equipment and supplies. It sells an array of industrial and general business hard goods and supplies and to a lesser extent products that would fall into the generally recognizable category of maintenance, repair and operational (“MRO”) products. The company was founded by Paul Leeds and Michael Leeds in 1949 and is headquartered in Port Washington, NY.

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Global Industrial Co (GIC) reports record 2022 performance and optimistic outlook

Global Industrial Co (GIC) had a strong financial performance in 2022, with a focus on customer-centric initiatives for 2023. Despite some challenges in Q4 2022, the company remains optimistic about growth opportunities and has a solid financial foundation.

Global Industrial Co reports Q1 challenges, eyes growth opportunities

Global Industrial Co (GIC) navigated challenges in Q1 2023 with a focus on customer retention, operational efficiency, and digital initiatives.
While revenue declined YoY, the company's strong balance sheet, cash flow, and strategic investments position it well for future growth.
Addressing e-commerce platform issues and seizing opportunities in marketing and customer experience will be key for driving revenue and market expansion.

Global Industrial Co reports revenue growth amidst market challenges

GIC's Q2 2023 performance showcased resilience amid challenges, with revenue growth driven by strategic acquisitions and operational efficiencies.
The company's focus on customer satisfaction, operational excellence, and prudent financial management underpin its ability to navigate market uncertainties.
With a solid foundation in place, GIC is poised to capitalize on growth opportunities through targeted investments and initiatives aimed at enhancing competitiveness.

Global Industrial Co (GIC) reports strong Q3 earnings and strategic growth initiatives

Global Industrial Co (GIC) delivered a robust Q3 performance marked by revenue growth, strategic acquisitions, and a focus on customer-centric initiatives.
While facing margin challenges post-Indoff acquisition, the company's strong balance sheet, dividend declaration, and operational focus position it well for future growth.
Opportunities lie in digital expansion, community engagement, and maximizing the Indoff acquisition benefits to drive sustained growth and profitability in the evolving market landscape.

Global Industrial Co (GIC) reports record revenue and optimistic outlook for 2024

Global Industrial Co (GIC) delivered strong financial performance in Q4 2023, with record revenue and gross margin improvement. Despite cautious market sentiment, the company remains optimistic about modest organic growth in 2024. GIC's focus on customer-centric strategies and quality enhancement positions it well for future opportunities.

Global Industrial Co (GIC) reports strong Q1 performance and eyes growth through customer-centric strategies

Global Industrial Co (GIC) delivered a robust Q1 2024 performance with revenue growth, strong profitability, and operational efficiency.
While maintaining high customer satisfaction and digital presence, the company faces challenges in managing costs and sustaining growth momentum.
Strategic focus on customer experience, e-commerce, and potential acquisitions positions Global Industrial Co (GIC) for future growth opportunities.

Global Industrial Co (GIC) reports revenue growth and operational improvements

Global Industrial Co (GIC) delivered solid financial performance in Q2 2024, focusing on revenue growth, margin improvement, and operational efficiency. While facing challenges in revenue consistency and cost management, the company's strong balance sheet and strategic initiatives position it well for future opportunities.

Global Industrial Co reports Q3 revenue decline, focuses on customer-centric growth

Global Industrial Co navigated a revenue decline by investing in customer-centric initiatives and appointing a new CMO. Challenges include addressing weaknesses in core customer segments and optimizing advertising strategies.

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Global Industrial Company (NYSE:GIC ) Q1 2022 Earnings Conference Call May 3, 2022 5:00 PM ET Company Participants Mike Smargiassi - The Plunkett Group Barry Litwin - Chief Executive Officer Tex Clark - Senior Vice President and Chief Financial Officer Conference Call Participants Anthony Lebiedzinski - SIdoti & Company Operator Good afternoon, ladies and gentlemen, and welcome to Global Industrial's First Quarter 2022 Earnings Call. At this time, I would like to turn the conference over to Mike Smargiassi of the Plunkett Group.

Global Industrial Company (GIC) CEO Barry Litwin on Q1 2022 Results - Earnings Call Transcript

Global Industrial (GIC) delivered earnings and revenue surprises of 72.73% and 11.43%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Global Industrial (GIC) Q1 Earnings and Revenues Surpass Estimates

-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 Ended March 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 operations $ 21.8 $ 5.5 Net income per diluted share from continuing operations $ 0.57 $ 0.14 Net income from discontinued operations $ 0.2 $ 9.7 Net income per diluted share from discontinued operations $ 0.01 $ 0.25 *Global Industrial Company manages its business and reports using a 52-53 week fiscal year that ends at midnight on the Saturday closest to December 31.

Global Industrial Company Reports First Quarter 2022 Financial Results

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.

Global Industrial Company To Report First Quarter 2022 Results on May 3, 2022

Global Industrial (GIC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Global Industrial (GIC) Stock Jumps 6.2%: Will It Continue to Soar?

PORT WASHINGTON, NY / ACCESSWIRE / March 16, 2022 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced that Barry Litwin, Chief Executive Officer, and Tex Clark, Senior Vice President and Chief Financial Officer, will be attending the Sidoti & Company Small Cap Virtual Conference. The Company will present at 10 a.m.

Global Industrial to Participate in Sidoti & Company Small Cap Virtual Conference

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Global Industrial Company (GIC) CEO Barry Litwin on Q4 2021 Results - Earnings Call Transcript

Global Industrial (GIC) delivered earnings and revenue surprises of 26.19% and 1.55%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Global Industrial (GIC) Q4 Earnings and Revenues Surpass Estimates

Record Gross Margin Drives Improved Profitability Sales of $262.0 Million, Down 4.3%; Sales Increase 3.5% on an Average Daily Sales Basis Operating 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 $0.53 Board 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) Highlights Quarter Ended December 31, Year Ended December 31, 2021 2020 2021 2020 Net sales $ 262.0 $ 273.9 $ 1,063.1 $ 1,029.0 Gross profit $ 97.0 $ 93.1 $ 374.3 $ 356.9 Gross margin 37.0 % 34.0 % 35.2 % 34.7 % Operating income from continuing operations $ 26.1 $ 21.1 $ 88.0 $ 84.1 Operating margin 10.0 % 7.7 % 8.3 % 8.2 % Net income from continuing operations $ 20.3 $ 16.4 $ 70.1 $ 64.1 Net income per diluted share from continuing operations $ 0.53 $ 0.42 $ 1.84 $ 1.68 Net income (loss) from discontinued operations $ 22.7 $ (0.2) $ 33.2 $ 1.3 Net income (loss) per diluted share from discontinued operations $ 0.60 $ (0.01) $ 0.87 $ 0.03 * Global Industrial Company manages its business and reports using a 52-53 week fiscal year that ends at midnight on the Saturday closest to December 31.

Global Industrial Reports Fourth Quarter 2021 Financial Results

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.

Global Industrial Company to Report Fourth Quarter 2021 Results on February 15, 2022

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Brings Global Industrial's Extensive Selection and Know-How to Public Sector PORT WASHINGTON, NY / ACCESSWIRE / January 6, 2022 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced a nationwide cooperative contract with OMNIA Partners for the public sector. The new agreement builds upon the existing private sector partnership between Global Industrial and OMNIA Partners.

Global Industrial and OMNIA Partners Expand Strategic Partnership

PORT WASHINGTON, NY / ACCESSWIRE / December 7, 2021 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced that its Board of Directors has declared a special cash dividend of $1.00 per share to shareholders of the company's common stock. The special dividend will be payable on December 27, 2021 to shareholders of record as of the close of business on December 17, 2021, and we expect that it will be treated as an ordinary dividend for income tax reporting purposes.

Global Industrial Declares $1.00 Per Share Special Dividend

PORT WASHINGTON, NY / ACCESSWIRE / November 15, 2021 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, recently announced the appointment of Adina Storch to Senior Vice President and General Counsel. Ms. Storch will report to Barry Litwin, Chief Executive Officer of Global Industrial, and be responsible for managing the Company's legal, risk management and compliance functions.

Global Industrial Appoints Adina Storch to Senior Vice President, General Counsel and Corporate Secretary

Global Industrial to Attend the Southwest IDEAS Investor Conference PORT WASHINGTON, NY / ACCESSWIRE / November 9, 2021 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced that Tex Clark, Senior Vice President, and Chief Financial Officer, will host 1-on-1 meetings at the Southwest IDEAS Virtual Investor Conference on Thursday, November 18, 2021. About Global Industrial Company Global Industrial Company (NYSE:GIC), through its operating subsidiaries, is a value-added industrial distributor.

Global Industrial to Attend the Southwest IDEAS Investor Conference

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Global Industrial (GIC)'s Technical Outlook is Bright After Key Golden Cross

The No. 78 Global Industrial Chevrolet Camaro to Compete in the NASCAR Xfinity Series Championship Race on November 6th PORT WASHINGTON, NY / ACCESSWIRE / November 3, 2021 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced they will sponsor Sheldon Creed for the NASCAR Xfinity Series Championship Race at Phoenix Raceway on Saturday, November 6, 2021. The race airs live on NBCSN at 8:30 p.m.

Global Industrial Partners with Sheldon Creed at Phoenix Raceway

Global Industrial (GIC) delivered earnings and revenue surprises of 1.67% and -4.01%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Global Industrial (GIC) Beats Q3 Earnings Estimates

Global Industrial's (GIC) CEO Barry Litwin on Q3 2021 Results - Earnings Call Transcript

-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) Highlights Quarter Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Net sales $ 277.4 $ 285.7 $ 801.1 $ 755.1 Gross profit $ 102.0 $ 102.3 $ 277.3 $ 263.8 Gross margin 36.8 % 35.8 % 34.6 % 34.9 % Operating income from continuing operations $ 30.6 $ 31.4 $ 61.9 $ 63.0 Operating margin 11.0 % 11.0 % 7.7 % 8.3 % Net income from continuing operations $ 23.2 $ 24.1 $ 49.8 $ 47.7 Net income per diluted share from continuing operations $ 0.61 $ 0.64 $ 1.31 $ 1.26 Net (loss) income from discontinued operations $ (0.1) $ 0.5 $ 10.5 $ 1.5 Net (loss) income per diluted share from discontinued operations $ 0.00 $ 0.01 $ 0.28 $ 0.04 *Global Industrial Company manages its business and reports using a 52-53 week fiscal year that ends at midnight on the Saturday closest to December 31.

Global Industrial Company Reports Third Quarter 2021 Financial Results

PORT WASHINGTON, NY / ACCESSWIRE / November 1, 2021 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced a multi-year floor care trademark license with Caterpillar, the world's leading construction equipment manufacturer and the launch of a Cat® Floor Care Equipment line, including floor scrubbers, sweepers, and vacuums, specifically designed for industrial environments and the professional building service and facility maintenance marketplace. Bruce Zutler, Vice President, Product Development at Global Industrial Company, said, "Caterpillar is an iconic global brand that stands for superior quality and durability.

Global Industrial Introduces Cat(R) Floor Care Equipment Line

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.

Global Industrial Company To Report Third Quarter 2021 Results on November 2, 2021

- Connected Waste Collection Increases Efficiency Through a Cleaner, Greener and Smarter Solution - PORT WASHINGTON, NY / ACCESSWIRE / October 20, 2021 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced the launch of the Global Industrial Trash TalkTM connected trash can product line in partnership with Nordsense. The connected Nordsense technology equipped trash cans provide a complete end-to-end waste optimization solution based on IoT sensor technology.

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