---
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"
generated_at: "2026-06-22T21:09:25.091313+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000945114-22-000067
- JSON: https://secwatch.observer/filing/0000945114-22-000067.json
- Plain text: https://secwatch.observer/filing/0000945114-22-000067.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/945114/000094511422000067/0000945114-22-000067-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/945114/000094511422000067/0000945114-22-000067-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.