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Global Industrial Introduces Mobile Robot Stretch Wrap Machine to Increase Efficiency, Safety and Value in Pallet Wrapping Operations
Accessnewswire· 2025-11-17 14:00
- Self-propelled, semi-autonomous unit designed to securely and safely wrap irregular and oversized loads, increase productivity and reduce stretch wrap waste - PORT WASHINGTON, NY / ACCESS Newswire / November 17, 2025 / Global Industrial Company (NYSE:GIC), a value-added national distributor and source for industrial equipment and supplies, today announced the launch of the Global Industrialâ"¢ Mobile Robot Stretch Wrap Machine, a self-propelled, semi-autonomous solution that enables facilities to securely ...
Global Industrial Company Reports Third Quarter 2025 Financial Results
Accessnewswire· 2025-10-28 20:20
Core Insights - Global Industrial Company reported third-quarter net sales of $353.6 million, reflecting a 3.3% increase compared to $342.4 million in the same quarter of 2024 [1] - Operating income rose by 18.5% to $26.3 million, with an operating margin of 7.4%, up from 6.5% in the previous year [1] - The company declared a dividend of $0.26 per share [1] Financial Performance Summary - **Net Sales**: $353.6 million for Q3 2025, compared to $342.4 million in Q3 2024; for the nine months ended September 30, 2025, net sales were $1,033.5 million, up from $1,013.6 million in 2024 [1] - **Gross Profit**: Increased to $126.0 million in Q3 2025 from $116.3 million in Q3 2024; gross margin improved to 35.6% from 34.0% [1] - **Operating Income**: From continuing operations, operating income was $26.3 million in Q3 2025, up from $22.2 million in Q3 2024; operating margin increased to 7.4% from 6.5% [1] - **Net Income**: Net income from continuing operations was $18.8 million in Q3 2025, compared to $16.8 million in Q3 2024; net income per diluted share from continuing operations rose to $0.48 from $0.44 [1]