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 Q3 2023

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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 (GIC) delivered earnings and revenue surprises of 2.94% and 5.89%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Global Industrial (GIC) Q4 Earnings and Revenues Beat Estimates

Global Industrial Company (NYSE:GIC ) Q4 2022 Earnings Conference Call February 21, 2023 5:00 PM ET Company Participants Mike Smargiassi - Investor Relations Barry Litwin - CEO Tex Clark - SVP & CFO Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Ryan Merkel - William Blair Operator Good day and welcome to Global Industrial Company Fourth Quarter 2022 Earnings Call. [Operator Instructions] I would like to turn the call over to Mike Smargiassi of The Investor Relations.

Global Industrial Company (GIC) Q4 2022 Earnings Call Transcript

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-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 Ended December 31, Year Ended December 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 margin 36.0 % 37.0 % 36.1 % 35.2 % Operating income from continuing operations $ 17.7 $ 26.1 $ 105.2 $ 88.0 Operating margin 6.8 % 10.0 % 9.0 % 8.3 % Net income from continuing operations $ 13.4 $ 20.3 $ 78.1 $ 70.1 Net income per diluted share from continuing operations $ 0.35 $ 0.53 $ 2.04 $ 1.84 Net income from discontinued operations $ 0.4 $ 22.7 $ 0.7 $ 33.2 Net income per diluted share from discontinued operations $ 0.01 $ 0.60 $ 0.02 $ 0.87 *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 and Record Full Year 2022 Financial Results

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.

Global Industrial Company to Report Fourth Quarter 2022 Results on February 21, 2023

PORT WASHINGTON, NY / ACCESSWIRE / January 31, 2023 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced that Tom Suozzi has been appointed as an independent member to the Company's Board of Directors, effective January 30, 2023. Mr. Suozzi fills the vacancy on the Board of Directors resulting from the retirement of Lawrence Reinhold, who retired as a director of the Company effective as of January 30, 2023.

Global Industrial Announces Appointment of Tom Suozzi to Board of Directors

Strengthens North American Distribution Network PORT WASHINGTON, NY / ACCESSWIRE / November 2, 2022 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced the opening of its new distribution center in Toronto, Canada, which has commenced full operations, including outbound shipments to customers. The state-of-the-art distribution center, which replaces a smaller facility in the Toronto area, is designed to allow Global Industrial to increase service levels to customers in Canada and significantly shorten delivery times.

Global Industrial Announces Opening of Distribution Center in Toronto, Canada

Global Industrial Company (NYSE:GIC ) Q3 2022 Results Conference Call November 1, 2022 5:00 PM ET Company Participants Mike Smargiassi - The Plunkett Group Barry Litwin - CEO and Director Tex Clark - Senior Vice President and Chief Financial Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Paul Dircks - William Blair Operator Good afternoon, ladies and gentlemen, and welcome to Global Industrial's Third Quarter 2022 Earnings Call. At this time, I would like to turn the call over to Mike Smargiassi of The Plunkett Group.

Global Industrial Company (GIC) Q3 2022 Earnings Call Transcript

-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 Ended September 30, Nine Months Ended September 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 % 9.7 % 7.7 % Net income from continuing operations $ 20.3 $ 23.2 $ 64.7 $ 49.8 Net income per diluted share from continuing operations $ 0.53 $ 0.61 $ 1.69 $ 1.31 Net (loss) income from discontinued operations $ (0.1 ) $ (0.1 ) $ 0.3 $ 10.5 Net (loss) income per diluted share from discontinued operations $ 0.00 $ 0.00 $ 0.01 $ 0.28 *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 2022 Financial Results

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.

Global Industrial Company to Report Third Quarter 2022 Results on November 1, 2022

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A company with a market value of about $1 billion is small enough to grow fast, yet large enough so that it can begin to appeal to institutional investors such as pension funds.

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PORT WASHINGTON, NY / ACCESSWIRE / September 15, 2022 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, today announced the release of its inaugural Environmental, Social and Governance ("ESG") Report, which is available on the Company's new ESG webpage. Global Industrial embraces responsible ESG stewardship as an essential part of its mission to build a successful business.

Global Industrial Announces Release of Inaugural Environmental, Social and Governance Report

PORT WASHINGTON, NY / ACCESSWIRE / September 14, 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 11:30 a.m.

Global Industrial to Participate in Sidoti & Company Small Cap Virtual Conference on September 21, 2022

PORT WASHINGTON, NY / ACCESSWIRE / August 12, 2022 / 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 12th Annual Midwest IDEAS Investor Conference. The Company will present at 3:15 p.m.

Global Industrial to Participate in the 12th Annual Midwest IDEAS Investor Conference on August 24th in Chicago, IL

PORT WASHINGTON, NY / ACCESSWIRE / August 3, 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 Jefferies Industrials Conference. The Company will present at 1:30 p.m.

Global Industrial to Participate in Jefferies Industrials Conference

Global Industrial Company (NYSE:GIC ) Q2 2022 Earnings Conference Call August 2, 2022 5:00 PM ET Company Participants Mike Smargiassi - The Plunkett Group Barry Litwin - CEO Tex Clark - SVP and CFO Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Ryan Merkel - William Blair Operator Good afternoon, ladies and gentlemen, and welcome to the Global Industrial's Second 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 Q2 2022 Results - Earnings Call Transcript

Global Industrial (GIC) delivered earnings and revenue surprises of -6.35% and 2.41%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Global Industrial (GIC) Lags Q2 Earnings Estimates

-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) Highlights Quarter Ended June 30, Six Months Ended June 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 % 6.0 % Net income from continuing operations $ 22.6 $ 21.1 $ 44.4 $ 26.6 Net income per diluted share from continuing operations $ 0.59 $ 0.55 $ 1.16 $ 0.70 Net income from discontinued operations $ 0.2 $ 0.9 $ 0.4 $ 10.6 Net income per diluted share from discontinued operations $ 0.01 $ 0.02 $ 0.01 $ 0.28 *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 Record Second Quarter 2022 Financial Results

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.

Global Industrial Company To Report Second Quarter 2022 Results on August 2, 2022

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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?

News for Global Industrial Co Stock (GIC)