Global Industrial Co SEC Filings

Global Industrial Company (GIC) reported Q3 2025 results showing steady growth and stronger profitability. Net sales reached $353.6 million, up 3.3% year over year, led by larger strategic accounts. Gross margin improved to 35.6% from 34.0% on price management and lower freight costs early in the quarter.

Operating income from continuing operations rose to $26.3 million, up 18.5%, and diluted EPS from continuing operations increased to $0.48 from $0.44. Year to date, sales were $1.03 billion (up 2.0%) with operating income of $78.0 million (up 18.2%) and diluted EPS of $1.48 (up from $1.30). Cash and cash equivalents were $67.2 million, supported by $57.7 million in operating cash flow year to date. The company paid a quarterly dividend of $0.26 per share.

The company closed a ~$4.3 million acquisition of an equipment service provider in April 2025. It reported no outstanding borrowings and about $122.1 million of credit facility availability. Management concluded disclosure controls and procedures were not effective due to continuing material weaknesses in certain IT general controls, though no misstatements were identified.

Global Industrial Co. (GIC) filed a Form 4 reporting insider share withholding for taxes. On 10/28/2025, the company’s SVP & General Counsel reported a transaction coded “F,” indicating shares were withheld to cover taxes upon vesting of a prior equity award.

The filing shows 1,589 shares of common stock were surrendered at $34.86 to satisfy tax liability related to the vesting of a time‑based restricted stock unit award originally granted on October 25, 2021. Following this transaction, the insider directly beneficially owned 30,742 shares.

Global Industrial Company (GIC) filed a Form 3 initial statement of beneficial ownership for an officer identified as the SVP & Chief HR Officer, with an event date of 10/27/2025.

The filing states that no securities are beneficially owned by the reporting person as of the event date. The submission includes Exhibit 24.1, a limited power of attorney authorizing the attorney-in-fact to sign on the reporting person’s behalf. This is an administrative disclosure under Section 16 for insiders.

Global Industrial Company announced third-quarter 2025 results via a press release and set a conference call for October 28, 2025 at 5:00 p.m. ET to discuss the quarter.

The company also declared a cash dividend of $0.26 per share, payable to common stockholders of record at the close of business on November 10, 2025, with payment on November 17, 2025. The press release is included as an exhibit.

The company stated that the furnished materials, including the press release, are not deemed filed for purposes of the Exchange Act unless specifically incorporated by reference.

Thomas Axmacher, Vice President & Controller of Global Industrial Company (GIC), reported transactions dated 09/04/2025. He exercised 9,255 employee stock options with an exercise price of $23.72 and simultaneously sold 9,255 shares at $37.50 per share. After these transactions Axmacher beneficially owns 8,024 shares of GIC.

The options were part of a grant dated 01/17/2019 with a four‑year vesting schedule (25% vesting each anniversary). The Form 4 was signed by Axmacher via attorney‑in‑fact on 09/08/2025. All details reported are limited to the exercise and sale and the resulting post‑transaction ownership.

Form 144 notice for proposed sale of securities (Rule 144). The filing shows a proposed sale of 9,255 shares of Common stock through Morgan Stanley Smith Barney LLC (Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004) with an aggregate market value of $347,062.50. The shares represent part of a holding of 38,374,314 outstanding shares and the approximate sale date is 09/04/2025. The shares were acquired on 09/03/2025 by stock option exercise, and payment was made in cash on 09/03/2025. Several standard Form 144 declarations and signature warnings are present. The filing does not provide the issuer name or filer CIK/CCC in the visible content.

Thomas Axmacher, VP & Controller of Global Industrial Company (GIC), voluntarily reported an acquisition of the issuer's common stock under the company's Employee Stock Purchase Plan (ESPP). The Form 4 discloses a transaction dated 09/02/2025 in which 277 shares were acquired at a reported price of $27.5825, resulting in 8,024 shares beneficially owned following the transaction. The filing states the ESPP purchase was exempt under Rule 16b-3(c) and that the shares were purchased based on 85% of the closing price on September 3, 2024. The Form 4 is signed by Thomas Axmacher by attorney-in-fact on 09/03/2025.

Insider purchase under ESPP: Thomas Eugene Clark, SVP & Chief Financial Officer of Global Industrial Company (GIC), reported the purchase of 385 shares of the issuer's common stock on 09/02/2025 under the company's Employee Stock Purchase Plan (ESPP). The filing states the transaction is exempt under Rule 16b-3(c). Following this purchase, Mr. Clark beneficially owns 66,125 shares. The reported purchase price per share is $27.5825, and the filing notes the shares were purchased based on 85% of the closing price on September 3, 2024. The Form 4 was signed on 09/03/2025 by an attorney-in-fact.

Christopher Longhito, SVP & Chief Supply Chain Officer of Global Industrial Company (GIC), reported an acquisition of common stock under the company's Employee Stock Purchase Plan on 09/02/2025. The filing shows 95 shares purchased at an effective price of $19.7795 per share (purchase based on 85% of the closing price on March 3, 2025). Following this transaction, Longhito directly beneficially owns 18,188 shares of GIC common stock. The Form 4 was signed on behalf of Longhito by an attorney-in-fact on 09/03/2025. The filing notes the transaction is exempt under Rule 16b-3(c) as an ESPP purchase.