Global Industrial (GIC) Q4 Earnings Match Estimates, Rise Y/Y

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 ...