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 Company (NYSE: GIC) is a value-added distributor and source for industrial equipment and supplies, with a focus on maintenance, repair, and operations (MRO) solutions. This news page aggregates company press releases and third-party coverage so readers can follow how Global Industrial communicates its strategy, product launches, and financial performance over time.
Recent news highlights include the introduction of the Global Industrial™ Plastic Guard Rail, a patent-pending facility protection system designed to help protect people, products, and equipment from collision damage while reducing floor damage and maintenance needs. Another announcement covers the Global Industrial™ Mobile Robot Stretch Wrap Machine, a self-propelled, semi-autonomous pallet wrapping solution intended to handle irregular and oversized loads directly on the floor, with programmable film-tension control and touchscreen operation.
In addition to product news, Global Industrial regularly issues earnings releases detailing quarterly financial results, margins, and cash flow, and announces cash dividends as disclosed in its Form 8-K filings. The company also reports on participation in investor conferences and industry events such as ASSP Safety, where it showcases safety, PPE, material handling, and facility maintenance solutions.
Investors, customers, and industry professionals can use this page to monitor updates related to Global Industrial’s MRO offerings, safety and facility products, and communications with the capital markets. Bookmark this feed to follow new product introductions, quarterly earnings announcements, conference appearances, and other corporate developments affecting Global Industrial Company (GIC).
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.
Global Industrial Company (NYSE:GIC) is set to sponsor Sheldon Creed at the NASCAR Xfinity Series Championship Race on November 6, 2021. Creed will drive the No. 78 Global Industrial Chevrolet Camaro at Phoenix Raceway, one day after participating in the NASCAR Truck Series championship race. This event marks Creed's only NASCAR Xfinity Series start for 2021. The partnership with Richard Childress Racing aims to enhance Global Industrial's brand visibility in a premier racing environment, forging connections with NASCAR's dedicated fanbase.
Global Industrial Company (GIC) reported Q3 2021 sales of $277.4 million, a 2.9% decrease from Q3 2020. Despite supply chain constraints impacting product availability, the company achieved a record gross margin of 36.8% and an operating margin of 11.0%. Operating income totaled $30.6 million, reflecting a sequential growth of 23.9%. Net income per diluted share from continuing operations was $0.61, a 4.7% decline year-over-year. The Board declared a $0.16 dividend per share.
Global Industrial Company (NYSE:GIC) has announced a multi-year floor care trademark license agreement with Caterpillar, launching a new line of Cat® Floor Care Equipment. This product range includes industrial scrubbers, sweepers, and vacuums tailored for facility maintenance. Notable products include the C49R Auto Ride-On Sweeper and the C40R Auto Ride-On Floor Scrubber, designed to enhance productivity and cleaning efficiency. The new line will be showcased at upcoming trade shows in November 2021.
Global Industrial Company (NYSE:GIC) will report its third quarter financial results on November 2, 2021, after U.S. market hours. A conference call will follow at 5:00 p.m. ET, and interested parties can join by calling 412-317-6347 or accessing the webcast on the company's website. The call will be archived for 90 days for those unable to attend live. Global Industrial has over 70 years of experience in distributing industrial and MRO products, offering more than a million items, including exclusive brands.
Global Industrial Company (NYSE:GIC) has launched the Trash Talk connected trash can product line in collaboration with Nordsense, utilizing IoT sensor technology to enhance waste management efficiency. This partnership aims to reduce waste collection by up to 50%, optimizing fleet routes and providing real-time monitoring of fill levels. The product line, which includes 11 types of trash receptacles, is designed for municipalities, waste operators, and facility managers, reinforcing the commitment to environmentally friendly solutions and customer experience.
Global Industrial Company (NYSE:GIC) will participate in the Sidoti & Company Fall 2021 Virtual Small Cap Conference on September 22, 2021, at 9:15 a.m. ET. CEO Barry Litwin and CFO Tex Clark will present. The presentation will be available via webcast on the company’s investor relations website. One-on-one meetings with investors will also be conducted on the same day. Global Industrial has over 70 years of experience as a national distributor of industrial products and MRO supplies, offering a vast selection of over one million products.