secwatch.observer — SEC 8-K summary
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Issuer:     GLOBAL INDUSTRIAL Co (GIC)
CIK:        0000945114
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0000945114-21-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/945114/000094511421000045/0000945114-21-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/945114/000094511421000045/gic-20210803.htm
  HTML page:      https://secwatch.observer/filing/0000945114-21-000045

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