Global Industrial Q2 sales up 12.6% to $272.6M; EPS $0.55, up 37.5%

GLOBAL INDUSTRIAL Co

2021-Q2 EPS reported $0.98 revenue$523,700,000

Net sales $272.6M (+12.6% YoY); operating income $24.7M (+22.9% YoY); operating margin 9.1% vs 8.3%.
Diluted EPS from continuing ops $0.55 (+37.5% YoY), including ~$0.09 benefit from Canadian tax valuation allowance reversal.
Gross margin expanded to 36.0% from 35.0% YoY, driven by ACE strategy and supply chain mitigation.
Board declares $0.16 per share dividend, payable Aug 23 to holders of record Aug 16.
Cash $41.6M; excess credit facility availability ~$72.5M; operating cash flow from cont ops $11.6M.

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