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

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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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PORT WASHINGTON, NY / ACCESSWIRE / November 11, 2024 / 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 be attending the Stephens NASH24 Conference on November 19, 2024, and the 16th Annual Southwest IDEAS Conference on November 21, 2024. Management will host one-on-one meetings with investors at the Stephens NASH24 Conference and at the Southwest IDEAS Conference.

Global Industrial to Participate in Upcoming Investor Conferences

Global Industrial Company (NYSE:GIC ) Q3 2024 Earnings Conference Call October 29, 2024 5:00 PM ET Company Participants Mike Smargiassi - IR, The Plunkett Group Richard Leeds - Chairman & CEO Tex Clark - SVP & CFO Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Operator Good afternoon, ladies and gentlemen, and welcome to Global Industrial's Third Quarter 2024 Earnings Call. At this time, I would like to turn the floor over to Mike Smargiassi of The Plunkett Group.

Global Industrial Company (GIC) Q3 2024 Earnings Call Transcript

Global Industrial (GIC) came out with quarterly earnings of $0.44 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.54 per share a year ago.

Global Industrial (GIC) Misses Q3 Earnings and Revenue Estimates

Sales of $342.4 Million Operating 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 Ended September 30, Nine Months Ended September 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 continuing operations $ 16.8 $ 20.7 $ 50.1 $ 55.5 Net income per diluted share from continuing operations $ 0.44 $ 0.54 $ 1.30 $ 1.44 Net income (loss) from discontinued operations $ 0.0 $ 0.0 $ 0.2 $ (0.1 ) Net income (loss) per diluted share from discontinued operations $ 0.00 $ 0.00 $ 0.01 $ 0.00 * 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 2024 Financial Results

Global Industrial (GIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Global Industrial (GIC) Earnings Expected to Grow: Should You Buy?

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.

Global Industrial Company to Report Third Quarter 2024 Results on October 29, 2024

-Designed to Keep Drum Upright During Transportation for Safe Handling- PORT WASHINGTON, NY / ACCESSWIRE / October 15, 2024 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, announces the newest product from its Made To Exceed™ line of Global Industrial Exclusive Brands™: the Global Industrial™ Hydraulic Drum Handler with Universal Grip and Adjustable Support. Its innovative design and feature set deliver enhanced efficiency, versatility, ergonomics and safety for most commercial and industrial drum handling applications.

Global Industrial Introduces Hydraulic Drum Handler with Universal Grip and Adjustable Support

Expands Sports Marketing Program With Multi-Year Agreement Global Industrial Named Official Industrial Supplier of the Islanders PORT WASHINGTON, NY / ACCESSWIRE / October 7, 2024 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced a multi-year marketing partnership with the New York Islanders and UBS Arena. The partnership expands the Company's sports marketing program and enhances its ability to drive brand awareness and deepen customer engagement to both local and national audiences.

Global Industrial Company Enters Into Partnership With New York Islanders and UBS Arena

PORT WASHINGTON, NY / ACCESSWIRE / September 10, 2024 / 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 be attending the Sidoti Small Cap Conference on September 18, 2024. The Company will present at 2:30 p.m.

Global Industrial to Participate in Sidoti Small Cap Conference

Investors need to pay close attention to Global Industrial (GIC) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Global Industrial (GIC) Stock?

- Best-In-Class PFAS Filter Standard on Full Line of Bottle Fillers and Drinking Fountains - PORT WASHINGTON, NY / ACCESSWIRE / August 13, 2024 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced the launch of the newest product in its Made To Exceed™ line of Global Industrial Exclusive Brands™: the GlobalPure™ high-capacity PFAS water filter. The new GlobalPure™ PFAS water filter is designed to improve drinking water quality.

Global Industrial Introduces GlobalPure(TM) PFAS Water Filter to Address Forever Chemicals and Microplastics in Drinking Water

WOODCLIFF LAKE, N.J., Aug. 12, 2024 /PRNewswire/ -- Party City Holdco Inc. is thrilled to announce that Barry Litwin will be joining the company as their new President and Chief Executive Officer (CEO).

Party City Appoints Barry Litwin as New President & CEO

PORT WASHINGTON, NY / ACCESSWIRE / August 12, 2024 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced the appointment of Lisa Goldson Armstrong as Senior Vice President & Chief Marketing Officer, effective today. Armstrong will report to Richard Leeds, Interim Chief Executive Officer and Executive Chairman of the Board at Global Industrial, and will be responsible for marketing, customer experience, and branding initiatives across the Company.

Global Industrial Appoints Lisa Goldson Armstrong as Senior Vice President & Chief Marketing Officer

DMC Global

W.W. Grainger

The contraction in the manufacturing sector mars the near-term outlook for the Zacks Industrial Services industry. Companies like GWW, GIC and BOOM are expected to gain from their efforts to gain market share, lowering costs and focus on enhancing digital capabilities.

3 Industrial Services Stocks Countering Industry Challenges

Global Industrial Company (NYSE:GIC ) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Mike Smargiassi - IR, The Plunkett Group Richard Leeds - Chairman & CEO Tex Clark - SVP & CFO Conference Call Participants Ryan Merkel - William Blair Anthony Lebiedzinski - Sidoti & Company Operator Good day, and welcome to the Global Industrial Company Second Quarter 2024 Earnings Call. [Operator Instructions] Please note this event is being recorded.

Global Industrial Company (GIC) Q2 2024 Earnings Call Transcript

Global Industrial (GIC) came out with quarterly earnings of $0.52 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.56 per share a year ago.

Global Industrial (GIC) Matches Q2 Earnings Estimates

Sales of $347.8 Million, Increase 6.8% Operating Income of $26.4 Million; Operating Margin 7.6% Board Declares $0.25 Dividend PORT 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 Ended June 30, Six Months Ended June 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 continuing operations $ 20.2 $ 21.5 $ 33.3 $ 34.8 Net income per diluted share from continuing operations $ 0.52 $ 0.56 $ 0.86 $ 0.91 Net income (loss) from discontinued operations $ 0.1 $ 0.0 $ 0.2 $ (0.1 ) Net income (loss) per diluted share from discontinued operations $ 0.00 $ 0.00 $ 0.01 $ 0.00 *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 Second Quarter 2024 Financial Results

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.

Global Industrial Company to Report Second Quarter 2024 Results on July 30, 2024

The Strength Of Welded With The Versatility Of Bolted PORT WASHINGTON, NY / ACCESSWIRE / July 17, 2024 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced the launch of the newest product in its Made To Exceed™ line of Global Industrial Exclusive Brands™: the Global Industrial™ Bolted Teardrop Pallet Rack. The Global Industrial™ Bolted Teardrop Pallet Rack is the ideal storage solution for warehouses, retail stores, and manufacturing facilities.

Global Industrial Introduces Bolted Teardrop Pallet Rack

Kicks Off with NASCAR Xfinity Series Race Event PORT WASHINGTON, NY / ACCESSWIRE / July 15, 2024 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, is proud to announce that its corporate social responsibility program, Partnerships With Purpose, has expanded its service initiative to raise awareness for veterans through its support for K9s For Warriors. K9s For Warriors is a non-profit organization that provides highly-trained service dogs to U.S. military veterans suffering from post-traumatic stress disorder ("PTSD"), traumatic brain injury and/or other forms of trauma related to military service.

Global Industrial's Partnerships With Purpose Raises Awareness for K9s For Warriors

PORT WASHINGTON, NY / ACCESSWIRE / July 11, 2024 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced that Barry Litwin, CEO, has notified the Board of Directors of his upcoming departure from the Company to pursue another opportunity, and that the Board of Directors has appointed Richard B. Leeds, Executive Chairman of the Board, as Interim Chief Executive Officer.

Global Industrial Announces CEO Transition

Global Industrial's maintenance, repair, and operations products are daily necessities for its customers. The company should see plenty of growth, both organically and through acquisitions, over the long term.

1 Magnificent Dividend Stock Down 33% to Buy and Hold Forever

Recognizes strong company culture and commitment to employee satisfaction and well-being PORT WASHINGTON, NY / ACCESSWIRE / May 30, 2024 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, is proud to announce it has received the prestigious Great Place to Work® Certification. This recognition is a testament to the company's ongoing commitment to fostering a positive work environment and a culture of trust, where associates feel valued and invested in the organization's success.

Global Industrial Earns 2024 Great Place to Work Certification(TM)

Filters, scrubs and cleans up to 4.7 million cubic feet per day PORT WASHINGTON, NY / ACCESSWIRE / May 14, 2024 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced the launch of the newest product in its Made To Exceed ™ line of Global Industrial Exclusive Brands™: the Global Industrial™ Commercial Air Scrubber & Negative Air Machine with HEPA Filtration, 3300 CFM. This state-of-the-art air scrubber is designed to enhance air quality with its unparalleled features and capabilities.

Global Industrial Introduces its Largest Air Scrubber and Negative Air Machine

Global Industrial Company (NYSE:GIC ) Q1 2024 Earnings Conference Call April 30, 2024 5:00 PM ET Company Participants Mike Smargiassi - Investor Relations, The Plunkett Group Barry Litwin - Chief Executive Officer Tex Clark - Senior Vice President and Chief Financial Officer Conference Call Participants Lauren Ravalli - William Blair & Co. Anthony Lebiedzinski - Sidoti & Company Operator Good afternoon, ladies and gentlemen, and welcome to Global Industrial's First Quarter 2024 Earnings Call. At this time, I would like to turn the call over to Mike Smargiassi of Plunkett Group.

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