Welcome to our dedicated page for Global Industrial Co news (Ticker: GIC), a resource for investors and traders seeking the latest updates and insights on Global Industrial Co stock.
Global Industrial Co (GIC) delivers essential industrial equipment and MRO supplies to businesses across North America, leveraging 75+ years of distribution expertise. This dedicated news hub provides investors and professionals with direct access to the company's official announcements and strategic updates.
Track critical developments including earnings reports, product launches, supply chain partnerships, and operational milestones. Our curated collection ensures you stay informed about GIC's evolving role in industrial distribution and facility maintenance solutions.
Discover updates on leadership changes, technology implementations, and market expansion efforts that shape the company's customer-centric approach. All content is verified from primary sources to maintain accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to GIC's latest business developments. Combine these updates with our analysis tools to monitor the company's performance in the competitive industrial supplies sector.
Global Industrial Company (NYSE:GIC) reported its Q1 2025 financial results with sales of $321.0 million, showing a slight decrease of 0.7% compared to Q1 2024. Despite a soft January start, the company demonstrated resilience with improved performance through March.
Key highlights include:
- Gross margin increased to 34.9% from 34.3%
- Operating income grew 4.6% to $18.2 million
- Net income per diluted share rose 2.9% to $0.35
- Board declared $0.26 dividend payable May 19, 2025
CEO Anesa Chaibi highlighted strong execution across operations and noted recent tariffs' impact on supply chains. The company maintains a robust financial position with $192.5 million in working capital, $39.0 million in cash, and credit facility availability of $120.5 million.
Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial equipment and supplies, has scheduled its first quarter 2025 financial results release for Tuesday, April 29, 2025, after U.S. market hours. The company will host a conference call and Q&A session at 5:00 p.m. Eastern Time on the same day.
Investors can access the call by dialing (412)-317-6347 five minutes before the start time. A webcast will also be available on the company's investor relations website, with an archived version accessible for approximately 90 days following the event.
Global Industrial Company (NYSE:GIC) has announced a multi-year partnership with Oak View Group (OVG), a global leader in venue development and management. As the primary source for industrial equipment and supplies, Global Industrial will support OVG's North American live entertainment and sports venues with solutions in storage, safety, material handling, maintenance, and HVAC systems.
The partnership includes Global Industrial joining OVG's GOAL (Green Operations & Advanced Leadership) network as an official solutions provider, focusing on enhancing sustainability efforts and reducing environmental footprint at member venues. The collaboration aims to streamline operations and deliver exceptional experiences across OVG's portfolio of iconic sports and entertainment venues.
Global Industrial Company (NYSE:GIC) will showcase its latest industrial equipment innovations at ProMat 2025, taking place March 17-20 in Chicago. The company will unveil two major products: the Recirculating Water Auto Ride-On Floor Scrubber and a new Electric Pallet Jack.
The floor scrubber features a unique 4-stage filtration process that recycles water, reducing labor costs and water consumption. It offers a 34" cleaning path with an 80-gallon tank. The Electric Pallet Jack provides enhanced productivity and safety with push-button operation and heavy-duty steel construction.
The company has also nominated four products for the 2025 MHI Innovation Awards: the Recirculating Water Floor Scrubber, Pallet Jack Toe Guard Protector, Commercial Air Scrubber & Negative Air Machine, and Bolted Teardrop Pallet Rack. Visitors can explore these innovations at Booth #S5341 in the South Building.
Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial equipment and supplies, has announced its participation in two upcoming investor conferences in March 2025:
- Loop Capital Markets 2025 Investor Conference on March 11, 2025
- Sidoti Small Cap Conference on March 20, 2025
The company's management will conduct one-on-one meetings with investors at both events. Additionally, at the Sidoti Conference, Global Industrial will deliver a presentation at 9:15 a.m. ET on March 20. Investors can access the live virtual broadcast and replay of the presentation through a webcast available on the investor relations section of Global Industrial's corporate website.
Global Industrial Company (NYSE:GIC) reported Q4 2024 financial results with sales of $302.3 million, down 5.6% year-over-year, and operating income of $14.5 million with a 4.8% operating margin. Q4 net income per diluted share decreased 32.5% to $0.27.
For full-year 2024, consolidated sales increased 3.3% to $1.32 billion, primarily driven by the Indoff acquisition. Excluding Indoff, sales declined 0.6%. Operating income decreased 16.6% to $80.5 million, with diluted EPS falling 14.7% to $1.57.
The company maintained strong financial position with $44.6 million in cash and working capital of $184.2 million. The Board increased the quarterly dividend to $0.26 per share. Management noted weakness in core small and medium-sized business customer base during the latter half of 2024, while highlighting improvements in customer retention and satisfaction metrics.
Global Industrial Company (NYSE:GIC) has announced it will release its fourth quarter 2024 financial results on Tuesday, February 25, 2025, after U.S. market hours. The company, a value-added national distributor of industrial equipment and supplies, will host a conference call and Q&A session at 5:00 p.m. Eastern Time on the same day.
Investors can access the call by dialing (412)-317-6347 five minutes before the start time. A webcast will also be available on the company's investor relations website, with an archived version accessible for approximately 90 days following the call.
Global Industrial Company (NYSE:GIC) has appointed Anesa Chaibi as Chief Executive Officer, effective February 17, 2025. Chaibi will also join the Company's Board of Directors, while Richard Leeds will transition from Interim CEO to Executive Chairman of the Board.
Chaibi brings over 30 years of operating and executive leadership experience in the industrial B2B space. She most recently served as Operating Partner and Chief Transformation Officer at Coalesce Capital Management. Her previous roles include CEO positions at CoolSys, Inc., Optimas Solutions, and HD Supply Facilities Maintenance, along with various managerial positions at General Electric.
The new CEO holds a B.S. in Chemical Engineering from West Virginia University and an M.B.A. from Duke University's Fuqua School of Business.
Global Industrial Company (NYSE:GIC) has launched the HydroMax Two-Stage Silent Air Compressor, featuring advanced variable speed and Wi-Fi connectivity. The innovative compressor operates at a low 63 dB noise level while delivering 10 HP output through its variable-speed, soft-start motor that optimizes energy consumption.
Key features include an automotive-style water-cooling system, four-level air filtration, remote monitoring capabilities via smartphone, and daisy-chain compatibility for multi-compressor operation. The system's energy-efficient design functions equivalent to a 7.5 HP motor in terms of energy consumption while delivering full 10 HP power, significantly reducing operational costs.
Global Industrial Company (NYSE:GIC) announced its participation in two upcoming investor conferences. Tex Clark, Senior Vice President and CFO, will attend the Stephens NASH24 Conference on November 19, 2024, and the 16th Annual Southwest IDEAS Conference on November 21, 2024.
Management will conduct one-on-one investor meetings at both conferences. The company will deliver a presentation at the Southwest IDEAS Conference at 4:30 p.m. ET on November 21. The presentation will be available via live audio broadcast and replay through the investor relations section of Global Industrial's website.
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