secwatch.observer — SEC 8-K summary
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Issuer:     GLOBAL INDUSTRIAL Co (GIC)
CIK:        0000945114
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0000945114-22-000059
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 record $318.5M, +17%; operating income +23.5%; declares $0.18 dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/945114/000094511422000059/0000945114-22-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/945114/000094511422000059/gic-20220802.htm
  HTML page:      https://secwatch.observer/filing/0000945114-22-000059

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