Financial Performance - Consolidated sales increased 6.8% to $347.8 million compared to $325.8 million last year[5] - Year-to-date sales increased 11.9% to $671.2 million compared to $599.6 million last year[6] - Average daily sales increased by 1.8% on an organic basis in the second quarter[7] - Operating income from continuing operations decreased 9.3% to $26.4 million compared to $29.1 million last year[5] - Operating income for the first six months decreased 6.6% to $43.8 million compared to $46.9 million last year[6] - Net income from continuing operations for the six months ended June 30, 2024, was $33.3 million, a decrease of 4.3% compared to $34.8 million for the same period in 2023[15] - Net income per diluted share from continuing operations decreased 7.1% to $0.52 compared to $0.56 last year[5] Cash Flow and Investments - Net cash provided by operating activities from continuing operations decreased to $25.0 million for the six months ended June 30, 2024, down from $65.5 million in the prior year, a decline of 61.8%[15] - The company reported a net cash used in investing activities of $2.2 million for the six months ended June 30, 2024, compared to $73.7 million in the prior year, indicating a significant reduction in investment outflows[15] Assets and Liabilities - Total assets rose to $542.5 million as of June 30, 2024, compared to $513.4 million at the end of 2023, marking an increase of 5.9%[13] - Total current assets increased to $366.9 million as of June 30, 2024, up from $329.8 million on December 31, 2023, representing an increase of 11.9%[13] - Total current liabilities increased to $195.8 million as of June 30, 2024, up from $174.2 million on December 31, 2023, reflecting a rise of 12.8%[13] - Cash and cash equivalents at the end of the period were $38.8 million, a decrease from $44.9 million at the end of 2023, representing a decline of 13.6%[15] Shareholder Returns - The Board declared a cash dividend of $0.25 per share, payable on August 19, 2024[7] - Dividends paid increased to $19.2 million in the first half of 2024, compared to $15.3 million in the same period of 2023, an increase of 25.5%[15] Working Capital - The company had total working capital of $171.1 million and cash and cash equivalents of $38.8 million as of June 30, 2024[7] - The company experienced a change in working capital of $(14.5) million for the six months ended June 30, 2024, compared to a positive change of $25.4 million in the prior year[15] Strategic Initiatives - The company continues to invest in key growth initiatives to strengthen its competitive position and enhance revenue growth[7] - Gross margin improved to 35.2% from 34.7% in the prior year, with an adjusted gross margin of 36.8% excluding Indoff[5] - Shareholders' equity rose to $270.4 million as of June 30, 2024, up from $255.2 million at the end of 2023, reflecting a growth of 5.8%[13]

Global Industrial (GIC) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10.53%. A quarter ago, it was expected that this technology products marketer would post earnings of $0.40 per share when it actually produced earnings of $0.40, delivering no surprise.Over the last four quarters ...

For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: (516) 608-7000 Securities registered pursuant to Sect ...

Exhibit 99.1 GLOBAL INDUSTRIAL COMPANY REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Sales of $323.4 Million, Increase 18.1% Operating Income of $17.4 Million; Operating Margin 5.4% Board Declares $0.25 Dividend PORT WASHINGTON, NY, 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 | | Qua ...

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13792 Global Industrial Company (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization ...

Global Industrial Company (GIC) reported earnings of 40 cents per share in fourth-quarter 2023, in line with the Zacks Consensus Estimate. The bottom line increased 14% from the year-ago quarter’s earnings of 35 cents per share. Contribution from the Indoff acquisition, improved volumes and strength in the e-commerce channel drove the improvement in the quarter.The company reported net sales of $320 million in the reported quarter, up 23% from the year-ago quarter’s levels. The top line surpassed the Zacks ...

Global Industrial Company (NYSE:GIC) Q4 2023 Earnings Conference Call February 29, 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 Anthony Lebiedzinski - Sidoti & Company Michael Francis - William Blair & Company Operator Good afternoon, ladies and gentlemen, and welcome to the Global Industrial's Fourth Quarter 2023 Earnings Call. At ...

Global Industrial (GIC) came out with quarterly earnings of $0.40 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this technology products marketer would post earnings of $0.51 per share when it actually produced earnings of $0.54, delivering a surprise of 5.88%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Global Ind ...

Exhibit 99.1 GLOBAL INDUSTRIAL REPORTS FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS 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 Dividend PORT WASHINGTON, NY, February 29, 2024 – Global Industrial Company (NYSE: GIC) today announced financial results for the fourth quarter ended Decemb ...

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMMISSION FILE NUMBER 1-13792 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or Global Industrial Company (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or o ...