Global Industrial reports record Q1 sales $288.6M (+15%); gross margin 37.4%; EPS $0.57

GLOBAL INDUSTRIAL Co

2022-Q1 EPS reported $0.58 revenue$288,600,000

Net sales $288.6M vs $251.1M YoY (+14.9%); record quarterly revenue.
Gross margin 37.4% (record third straight quarter) vs 30.8% last year.
Operating income $29.5M (10.2% margin) vs $6.6M; diluted EPS from cont. ops $0.57 vs $0.14.
Board declares $0.18/share dividend, payable May 23, 2022 to holders of record May 16.
CEO cites ACE strategy driving double-digit operating margin for trailing twelve months.

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