Global Industrial Co Stock Price, News & Analysis

Global Industrial Company (NYSE:GIC) will announce its financial results for the first quarter ending March 31, 2023, on May 2, 2023, after U.S. market hours. A conference call for investors will take place at 5:00 p.m. Eastern Time on the same day, allowing participants to ask questions and discuss the results. To join the call, dial 412-317-6347 five minutes before it begins. The call can also be accessed via webcast.

For those unable to attend live, the webcast will be archived for approximately 90 days on the company’s website. Global Industrial Company has a long history of providing a wide range of industrial products and MRO supplies through its exclusive brands, helping customers achieve success.

Global Industrial Company (NYSE:GIC) announced its participation in the Sidoti Small Cap Conference on March 22, 2023, at 1:45 p.m. ET. CEO Barry Litwin and CFO Tex Clark will present in a live virtual format, with a replay available through the company's investor relations website. Additionally, they will conduct one-on-one meetings with interested investors on the same day. Global Industrial, a leading national distributor of industrial products and MRO supplies, has been servicing customers for over 70 years, offering over a million products, including exclusive brands. This engagement highlights their commitment to transparency and investor relations.

Global Industrial Company (NYSE:GIC) reported its fourth quarter results, showing sales of $260.5 million, a slight decline of 0.6% year-over-year. Operating income dropped 32.2% to $17.7 million, with an operating margin of 6.8%. For the full year, total sales reached $1.17 billion, up 9.7% compared to 2021, and operating income was $105.2 million, marking a 19.5% increase. The board declared a $0.20 dividend, an increase of 11.1%. Despite facing economic headwinds, the management expressed confidence in maintaining margin improvements and pursuing growth opportunities in new verticals.

Global Industrial Company (NYSE:GIC) will announce its fourth quarter financial results for 2022 on February 21, 2023, after U.S. market hours. The management will hold a conference call at 5:00 p.m. ET on the same day to discuss the results. To join the call, dial 412-317-6347 five minutes early or access the webcast on their website. An archived version of the webcast will be available for about 90 days. Global Industrial, a leading distributor of industrial products, has provided solutions for over 70 years, offering more than a million products.

Global Industrial Company (NYSE:GIC) announced the appointment of Tom Suozzi as an independent member of its Board of Directors, effective January 30, 2023. He fills the vacancy left by Lawrence Reinhold, who retired from the board the same day. Suozzi, a former U.S. Representative and experienced public sector leader, will serve on both the Nominating/Corporate Governance and Compensation Committees. This strategic addition aims to enhance the board's governance and oversight capabilities. The company appreciates Reinhold's contributions over the years.