earnings
confidence high
sentiment positive
materiality 0.75
Global Industrial Q2 sales record $318.5M, +17%; operating income +23.5%; declares $0.18 dividend
GLOBAL INDUSTRIAL Co
2022-Q2 EPS reported
$1.17
revenue$607,100,000
- Record Q2 net sales $318.5M, up 16.8% YoY; operating income $30.5M, up 23.5%.
- Gross margin 35.5% vs 36.0% year ago; cited freight surcharges and promotions.
- Net income from continuing ops $0.59 diluted EPS vs $0.55, up 7.3%.
- Board declared $0.18 cash dividend payable Aug 22 to holders of record Aug 15.
- Cash $23.5M, $30M debt, working capital $152.7M; operating cash flow $11.9M.