Global Industrial Co Stock Price, News & Analysis

Global Industrial Company (NYSE:GIC) will announce its first quarter financial results for the period ending March 31, 2022, on May 3, 2022, after U.S. market hours. A conference call will be held at 5:00 p.m. ET on the same day, where management will discuss the results and answer questions. Interested parties can join the call by dialing 412-317-6347 or via webcast on the company’s website. The archived webcast will be available for 90 days.

Global Industrial, a leading distributor of industrial products, offers over a million items and has been serving customers for over 70 years.

Global Industrial Company (NYSE:GIC) will participate in the Sidoti & Company Small Cap Virtual Conference on March 23, 2022. CEO Barry Litwin and CFO Tex Clark will present at 10 a.m. ET. The presentation will be available via webcast on the company's investor relations page, along with opportunities for one-on-one meetings with investors. Established for over 70 years, Global Industrial is a leading distributor of industrial products and MRO supplies, offering more than a million items, including exclusive brands.

Global Industrial Company (NYSE:GIC) reported Q4 2021 sales of $262.0 million, down 4.3% from $273.9 million in the previous year. Despite the decline, average daily sales rose 3.5%. Operating income increased 23.7% to $26.1 million, with a record gross margin of 37.0%. EPS from continuing operations was up 26.2% to $0.53. The board declared a cash dividend of $0.18, a 12.5% increase. For the full year, sales increased 3.3% to $1.06 billion. The company's liquidity remains strong with $15.4 million in cash and low debt of $4.5 million.

Global Industrial Company (NYSE:GIC) will release its financial results for the fourth quarter ended December 31, 2021, on February 15, 2022, after U.S. market hours. Management will host a conference call at 5:00 p.m. ET the same day, accessible by dialing 412-317-6347 or via a webcast on the company’s website. An archived version of the webcast will be available for 90 days. Global Industrial has been a value-added distributor for over 70 years, offering a wide range of industrial and MRO products.

Massive Bio announced the appointment of Steve McNamara as Chief Operating Officer, effective immediately. McNamara, with extensive experience at Global Industrial Company (GIC) and other firms, is set to drive operational excellence during a phase of rapid growth. In 2021, Massive Bio achieved a 227% revenue increase, a 110% growth in its pipeline, and expanded its site services by 233%. The company aims to operationalize in 19 countries in 2022 and further enhance its AI-enabled clinical trial enrollment services.

Global Industrial Company (NYSE:GIC) has announced a new nationwide cooperative contract with OMNIA Partners aimed at enhancing procurement for public sector customers. This agreement, which expands on their existing private sector partnership, will provide access to a wide range of industrial products and MRO supplies to educational institutions and government entities. The partnership is expected to streamline procurement processes and bolster Global Industrial's sales capabilities in the public sector.

Global Industrial Company (NYSE:GIC) has declared a special cash dividend of $1.00 per share, payable on December 27, 2021, to shareholders of record by December 17, 2021. This announcement follows the payout of over $580 million in dividends since 2017, showcasing the company's strong cash generation and robust balance sheet. Richard Leeds, Executive Chairman, expressed confidence in the company’s position to continue strategic investments for future growth.

Global Industrial Company (NYSE:GIC) has appointed Adina Storch as Senior Vice President and General Counsel, effective immediately. Reporting to CEO Barry Litwin, she will oversee the company's legal, risk management, and compliance functions. Storch brings significant experience from her previous roles, including General Counsel at Cedar Realty Trust and a partner at Kasowitz, Benson, Torres & Friedman LLP. Her appointment reflects the company's commitment to legal excellence and strategic growth.

Global Industrial Company (NYSE:GIC) will participate in the Southwest IDEAS Virtual Investor Conference on November 18, 2021. Senior Vice President and CFO Tex Clark will host one-on-one meetings with investors during the event. With over 70 years of experience, Global Industrial is a leading distributor of industrial products and MRO supplies, offering an extensive range of over a million items, including exclusive brands. The company emphasizes a solutions-based approach to help customers succeed. For more details, visit their official site.