Global Industrial Q4 EPS $0.53 (up 26% YoY); record gross margin 37.0%; declares $0.18 dividend

GLOBAL INDUSTRIAL Co

2021-FY EPS reported $2.71 revenue$1,063,100,000

Q4 revenue $262.0M (-4.3% YoY); avg daily sales +3.5% due to 5 fewer selling days.
Operating income $26.1M (+23.7%); operating margin expands to 10.0% from 7.7%.
GAAP EPS from continuing ops $0.53 (up 26.2% from $0.42).
Record gross margin 37.0% (vs 34.0% prior year); management cites pricing optimization.
Board declares $0.18/share dividend (12.5% increase), payable Mar 7, record Feb 28.

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