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 Q3 2024 financial results with sales of $342.4 million, down 3.4% from last year. Operating income decreased 21.3% to $22.2 million with a 6.5% operating margin. The company's gross margin improved to 34.0% from 32.8% last year. Net income per diluted share declined 18.5% to $0.44. Year-to-date sales increased 6.2% to $1.0 billion, though excluding the Indoff acquisition, sales growth was only 0.7%. The company maintains a strong balance sheet with $38.9 million in cash and declared a $0.25 dividend per share.
Global Industrial Company (NYSE:GIC), a distributor of industrial products and MRO supplies, has announced it will release its third quarter 2024 financial results on October 29, 2024 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 to discuss the results.
To participate in the call, investors can dial 412-317-6347 five minutes before the start time. Alternatively, a webcast will be available on the company's investor relations website. For those unable to attend, the webcast will be archived for approximately 90 days.
Global Industrial Company (NYSE:GIC) has introduced a new Hydraulic Drum Handler with Universal Grip and Adjustable Support as part of its Made To Exceed™ line of Exclusive Brands. This innovative product is designed to lift, transport, and position various drum types efficiently and safely in commercial and industrial settings.
Key features include:
- Weight capacity of 990 lbs. and lifting capacity of 1,100 lbs.
- Compatible with 30-, 55-, and 85-gallon drums
- Universal grip for steel, poly, or fiber drums
- Adjustable support to keep drums upright during transport
- Four 5-inch polyurethane swivel casters for smooth maneuverability
- Manual hand pump lift mechanism for precise control
The product aims to enhance efficiency, versatility, ergonomics, and safety in drum handling applications across warehouses, manufacturing plants, and other industrial facilities.
Global Industrial Company (NYSE:GIC) has announced a multi-year marketing partnership with the New York Islanders and UBS Arena. This partnership expands the company's sports marketing program and aims to enhance brand awareness and customer engagement. As part of the agreement, Global Industrial will:
1. Feature its tagline 'The Source For Industrial Supplies' at Islanders home games and practice facility
2. Sponsor the Islanders' Ice Crew with branded gear and equipment
3. Support community philanthropy events benefiting the Islanders Children's Foundation
4. Promote girls' youth hockey and recognize military service members
5. Participate in the UBS Arena Business Alliance
The partnership is seen as an opportunity for Global Industrial to showcase its brand to the Islanders' fanbase across the country while supporting the local Long Island community.
Global Industrial Company (NYSE:GIC), a national distributor of industrial products and MRO supplies, has announced its participation in the upcoming Sidoti Small Cap Conference on September 18, 2024. Tex Clark, the company's Senior Vice President and Chief Financial Officer, will be representing Global Industrial at the event.
Key points of the announcement include:
- A presentation scheduled for 2:30 p.m. ET on September 18
- A live virtual broadcast and replay of the presentation available via webcast
- Access to the webcast through the investor relations section of Global Industrial's website
- One-on-one meetings with investors hosted by management on the same day
Investors interested in meeting with Global Industrial's management team are advised to contact their Sidoti representative to arrange a meeting.
Global Industrial Company (NYSE:GIC) has launched the GlobalPure™ PFAS water filter, a new addition to its Made To Exceed™ line of Exclusive Brands. This advanced filtration system removes total PFAS, chlorine, lead, cyst, turbidity, and microplastics from drinking water. With a 3,600-gallon capacity, it requires replacement only once or twice per year, offering the lowest total cost per gallon compared to similar models.
The filter is now a standard feature on Global Industrial's bottle fillers and drinking fountains, including the new Surface Mount Water Bottle Filling Station. It's also available as a replacement filter for existing water fountains. The product is NSF/ANSI certified and compatible with many national brand bottle filling stations and drinking fountains.
Party City Holdco Inc. has appointed Barry Litwin as its new President and CEO. Litwin brings extensive experience in fostering business growth and transformation, with a focus on revenue growth, profit improvement, and operational efficiency. He most recently served as CEO and Board Member of Global Industrial Company (NYSE: GIC), where he achieved market-leading growth in revenue, profit, and share price.
Prior to GIC, Litwin was CEO of Adorama and held senior executive roles at Sears, Office Depot, Avnet, and Fannie May Candies. His appointment is expected to bring fresh perspectives and strengthen Party City's leadership as the company repositions itself for a stronger future in the party goods and supplies industry.
Global Industrial Company (NYSE:GIC) has appointed Lisa Goldson Armstrong as Senior Vice President & Chief Marketing Officer, effective August 12, 2024. Armstrong will report to Richard Leeds, Interim CEO and Executive Chairman, and will oversee marketing, customer experience, and branding initiatives. With over 20 years of strategy and marketing experience, Armstrong most recently served as CMO and VP of Global Marketing at Resideo Technologies. She has also held senior leadership positions at Filtration Group Madison Industries, Pentair, and Honeywell. Armstrong holds an MBA from Cornell University and an HBA from the University of Western Ontario. Her appointment is expected to strengthen Global Industrial's marketing initiatives and customer relationships.
Global Industrial Company (NYSE:GIC) reported its Q2 2024 financial results, showing sales growth of 6.8% to $347.8 million. The company's gross margin improved to 35.2% from 34.7% last year. However, operating income decreased 9.3% to $26.4 million, and net income per diluted share from continuing operations fell 7.1% to $0.52. The company's Board declared a $0.25 dividend. Excluding the Indoff acquisition, organic sales growth was 1.8%. The company noted a cautious customer purchasing environment but continues to invest in growth initiatives. Global Industrial had $38.8 million in cash and cash equivalents and $120.6 million in credit facility availability as of June 30, 2024.
Global Industrial Company (NYSE:GIC), a distributor of industrial products and MRO supplies, has announced its plans to release financial results for the second quarter ended June 30, 2024. The company will unveil these results on Tuesday, July 30, 2024, after U.S. market hours. Following the release, management will host a conference call and Q&A session at 5:00 p.m. Eastern Time on the same day. Interested parties can access the call by dialing 412-317-6347 five minutes before the start time. Additionally, a webcast will be available on the company's investor relations website. For those unable to attend the live call, the webcast will be archived for approximately 90 days.
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