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Global Industrial Co - GIC STOCK NEWS

Welcome to our dedicated news page for Global Industrial Co (Ticker: GIC), a resource for investors and traders seeking the latest updates and insights on Global Industrial Co.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Global Industrial Co's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Global Industrial Co's position in the market.

Rhea-AI Summary
Global Industrial Company (GIC) executives to attend Loop Capital Markets 2024 Investor Conference for one-on-one meetings with investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
Tags
conferences
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Rhea-AI Summary
Global Industrial Company (GIC) reported strong financial results for the fourth quarter and full year 2023, with a 22.9% increase in quarterly sales and a 9.3% increase in full-year sales. Operating income grew by 20.9% in Q4, but decreased by 8.3% for the full year. The company also announced a 25% dividend increase. CEO Barry Litwin highlighted record revenue, successful acquisitions, and strategic initiatives for future growth in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.74%
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Rhea-AI Summary
Global Industrial Company (GIC) will release its Q4 2023 financial results on February 29, 2024, after U.S. market hours. The management will host a conference call at 5:00 p.m. Eastern Time on the same day to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.74%
Tags
conferences earnings
Rhea-AI Summary
Global Industrial Company (NYSE:GIC) appoints Gary S. Michel as an independent member to its Board of Directors, filling the vacancy left by Thomas R. Suozzi. Mr. Michel's extensive experience in executive roles at companies like JELD-WEN Holding, Inc. and Honeywell International, Inc. brings valuable industry knowledge to the Board.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
Tags
management
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Rhea-AI Summary
Global Industrial Company (NYSE:GIC) announced the launch of its 'Open SpaceTM' initiative at the U.S. Conference of Mayors' 92nd Winter Meeting. The initiative aims to support communal well-being and mental health through the thoughtful configuration of public and private gathering spaces. The CEO, Barry Litwin, participated in a fireside chat hosted by Mayor Hillary Schieve, discussing the importance of community spaces in promoting connectedness and mitigating isolation. The 'Open SpaceTM' concept allows Global Industrial to customize products for its customers to create environments that promote reflection and interpersonal exchange.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.58%
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none
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Rhea-AI Summary
Global Industrial Company (NYSE:GIC) released its annual Environmental, Social and Governance (ESG) Report, showcasing its commitment to responsible stewardship and corporate citizenship. The report highlights the company's dedication to customer success, environmental sustainability, associate growth and well-being, and community outreach.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
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none
Rhea-AI Summary
Global Industrial Company (NYSE:GIC) announces Senior VP and CFO's attendance at 15th Annual Southwest IDEAS Investor Conference. Live webcast available for presentation at 9:00 a.m. ET on Thursday, November 16, 2023. One-on-one investor meetings scheduled.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
Tags
conferences
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Rhea-AI Summary
Global Industrial Company (NYSE:GIC) has secured a Vizient contract for floor cleaning equipment, offering increased savings to Vizient provider customers. The agreement aims to improve the effectiveness of environmental services departments by enhancing cleaning and disinfection protocols.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
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none
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Rhea-AI Summary
Global Industrial Company (NYSE:GIC) reported sales of $354.6 million, an 18.8% increase compared to the same quarter last year. Operating income was $28.2 million with an operating margin of 8.0%. The company declared a dividend of $0.20 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.17%
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Rhea-AI Summary
Global Industrial Company partners with Helen Keller National Center for annual day of service
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
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none
Global Industrial Co

NYSE:GIC

GIC Rankings

GIC Stock Data

1.61B
8.75M
65.16%
31.81%
0.5%
Household Appliance Stores
Retail Trade
Link
United States
Port Washington

About GIC

for over 60 years global industrial has been an industry leader providing private label and brand name industrial equipment and supplies to businesses throughout north america. we are constantly increasing our product offerings to meet the diverse and changing needs of our customers. our customers include small to large corporations, institutions and government agencies as well as consumers. about global industrial (www.globalindustrial.com) global equipment company (d/b/a global industrial) (www.globalindustrial.com) is a subsidiary of systemax inc. global carries over 1,000,000 industrial, material handling and business products for fortune 1000 companies, small businesses, institutions and government agencies. in addition to our product offerings, our customers enjoy our powerful suite of account management tools has helped dramatically increase operational efficiencies with functionality to export purchase reports, create spending caps, manage multiple payments and shopping lis