Global Industrial Q3 sales up 7.6% to $298.5M; operating income falls 10.1% to $27.5M

GLOBAL INDUSTRIAL Co

2022-Q3 EPS reported $1.70 revenue$905,600,000

Net sales $298.5M (+7.6% YoY); operating income $27.5M (margin 9.2%), down from $30.6M a year ago.
Diluted EPS from continuing ops $0.53, down 13.1% from $0.61 in Q3 2021.
Gross margin 35.7% vs 36.8% last year; YTD sales $905.6M (+13.0%), operating income $87.5M (+41.4%).
Board declares $0.18 per share dividend, payable Nov 21 to holders of record Nov 14.
Cash from ops $25.6M in quarter; $20.0M cash, $10.0M debt, excess availability ~$60.8M.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GLOBAL INDUSTRIAL Co reported the third quarter ended September 30, 2022 results: revenue $298.5 million, net income $20.3 million, EPS $0.53.

Period: the third quarter ended September 30, 2022
Revenue: $298.5 million
Net income: $20.3 million
EPS: $0.53
Result: reported results

Exact text from the filing

financial results for the third quarter ended September 30, 2022. --- EX-99.1 (EX-99.1) --- GLOBAL INDUSTRIAL COMPANY REPORTS THIRD QUARTER 2022 FINANCIAL RESULTS -Sales of $298.5 Million Increases 7.6%- -Operating Income of $27.5 Million; Operating Margin of 9.2%- -Board Declares $0.18 Dividend- PORT WASHINGTON, NY, November 1, 2022 – Global Industrial Company

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GLOBAL INDUSTRIAL Co reported the nine months ended September 30, 2022 results: revenue $905.6 million, net income $64.7 million, EPS $1.69.

Period: the nine months ended September 30, 2022
Revenue: $905.6 million
Net income: $64.7 million
EPS: $1.69
Result: reported results

Exact text from the filing

per diluted share from continuing operations decreased 13.1% to $0.53 compared to $0.61 last year. Nine Months 2022 Financial Summary: • Consolidated sales increased 13.0% to $905.6 million compared to $801.1 million last year. Sales also increased 13.0% on an average daily sales basis. • Consolidated gross margin increased to 36.2% compared to 34.6% last year. •

View on SEC.gov

2 earnings releases filed in the last 30 days. Browse all earnings releases →

GLOBAL INDUSTRIAL Co filing history →

Source: SEC EDGAR

accession 0000945114-22-000067

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.