{"schema_version":"secwatch.filing_event.v1","accession":"0000945114-22-000067","form_type":"8-K","ticker":"GIC","cik":"0000945114","company_name":"GLOBAL INDUSTRIAL Co","filed_at":"2022-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:54.117774+00:00","generated_at":"2026-06-22T21:09:25.091313+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Global Industrial Q3 sales up 7.6% to $298.5M; operating income falls 10.1% to $27.5M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000945114-22-000067","json":"https://secwatch.observer/filing/0000945114-22-000067.json","markdown":"https://secwatch.observer/filing/0000945114-22-000067.md","text":"https://secwatch.observer/filing/0000945114-22-000067.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/945114/000094511422000067/0000945114-22-000067-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/945114/000094511422000067/gic-20221101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T21:09:25.091313+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"615701361fc611e7a1b0acab4410101017496245","claim":"GLOBAL INDUSTRIAL Co reported the third quarter ended September 30, 2022 results: revenue $298.5 million, net income $20.3 million, EPS $0.53.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/945114/000094511422000067/0000945114-22-000067-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2022"},{"label":"Revenue","value":"$298.5 million"},{"label":"Net income","value":"$20.3 million"},{"label":"EPS","value":"$0.53"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fb1808a0925d10f42589422dcae8f17dd60763ff","claim":"GLOBAL INDUSTRIAL Co reported the nine months ended September 30, 2022 results: revenue $905.6 million, net income $64.7 million, EPS $1.69.","evidence_excerpt":"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. •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/945114/000094511422000067/0000945114-22-000067-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2022"},{"label":"Revenue","value":"$905.6 million"},{"label":"Net income","value":"$64.7 million"},{"label":"EPS","value":"$1.69"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}