Global Industrial Co Stock Price, News & Analysis

Global Industrial Company (NYSE:GIC) is continuing its support for K9s For Warriors through its 'Partnerships With Purpose' service initiative at the upcoming NASCAR Xfinity Series race at Charlotte Motor Speedway during Memorial Day weekend. The company will feature K9s For Warriors on the No. 21 Chevrolet, driven by Austin Hill.

K9s For Warriors is a nonprofit organization that provides free, highly-trained service dogs to U.S. military veterans suffering from PTSD, traumatic brain injury, and other invisible war wounds. The event will include a VIP experience for K9s For Warriors team members and current servicemembers at Charlotte Motor Speedway on May 24, 2025, with the race scheduled to begin at 4:00 p.m. ET.

Global Industrial Company (NYSE:GIC) has announced its first-time participation in the National Restaurant Association Show 2025, scheduled for May 17-20 at McCormick Place in Chicago. The company will showcase its comprehensive range of restaurant and food service solutions at Booth #5353 in the South Building.

The exhibition will feature various product categories including: food preparation and storage solutions (refrigeration, freezers, preparation tables, shelving), restaurant furniture (indoor/outdoor furnishings), and facilities maintenance equipment. Visitors can enter a giveaway to win a Nexel® Merchandiser Refrigerator and engage with category experts to explore solutions for both front-of-house and back-of-house operations.

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.