secwatch.observer — SEC 8-K summary
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Issuer:     GLOBAL INDUSTRIAL Co (GIC)
CIK:        0000945114
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0000945114-22-000067
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/945114/000094511422000067/0000945114-22-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/945114/000094511422000067/gic-20221101.htm
  HTML page:      https://secwatch.observer/filing/0000945114-22-000067

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