Global Industrial Q3 sales down 2.9% to $277.4M; gross margin record 36.8%; declares $0.16 dividend

GLOBAL INDUSTRIAL Co

2021-Q3 EPS reported $1.59 revenue$801,100,000

Sales $277.4M, down 2.9% YoY; operating income $30.6M (down 2.5%); diluted EPS $0.61 vs $0.64.
Gross margin 36.8%, a quarterly record; operating margin 11.0% matches prior record.
Supply chain constraints limited product availability, driving open order growth.
Board declared $0.16/share dividend payable Nov 22, record Nov 15.
Extended $75M credit facility to October 2026.

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