8-K
filed February 21, 2023, 6:59 PM ET
ticker GIC
CIK 0000945114
earnings
confidence high
sentiment positive
materiality 0.65
Global Industrial Q4 sales down 0.6%, full-year record; dividend raised 11.1% to $0.20
GLOBAL INDUSTRIAL Co
2022-FY EPS reported
$2.06
revenue$1,166,100,000
- Q4 sales $260.5M (-0.6% YoY); operating income $17.7M (-32.2%); EPS $0.35 vs $0.53.
- FY 2022 record sales $1.17B (+9.7%); operating income $105.2M (+19.5%); EPS $2.04 (+10.9%).
- Board declared $0.20 quarterly dividend, up from $0.18 (11.1% increase); payable March 13, record March 6.
- Gross margin improved 90 bps to 36.1% for FY; Q4 gross margin 36.0% vs 37.0% last year.
- Cash $28.5M, debt $0.6M; $111.7M available under credit facility.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
GLOBAL INDUSTRIAL Co reported year ended December 31, 2022 results: revenue $1.17 billion, net income $78.1 million, EPS $2.04 per diluted share.
- Period
- year ended December 31, 2022
- Revenue
- $1.17 billion
- Net income
- $78.1 million
- EPS
- $2.04 per diluted share
- Result
- reported results
Exact text from the filing
RECORD FULL YEAR 2022 FINANCIAL RESULTS -Fourth Quarter Sales of $260.5 Million, Down 0.6%; Operating Income of $17.7 Million and Operating Margin of 6.8%- -Full Year Sales of $1.17 Billion, Up 9.7%; Operating Income of $105.2 Million and Operating Margin of 9.0%- -Board Declares $0.20 Dividend, an Increase of 11.1%- PORT WASHINGTON, NY, February 21, 2023 – Global
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
GLOBAL INDUSTRIAL Co reported fourth quarter ended December 31, 2022 results: revenue $260.5 million, net income $13.4 million, EPS $0.35 per diluted share.
- Period
- fourth quarter ended December 31, 2022
- Revenue
- $260.5 million
- Net income
- $13.4 million
- EPS
- $0.35 per diluted share
- Result
- reported results
Exact text from the filing
quarter ended December 31, 2022. --- EX-99.1 (EX-99.1) --- GLOBAL INDUSTRIAL REPORTS FOURTH QUARTER AND RECORD FULL YEAR 2022 FINANCIAL RESULTS -Fourth Quarter Sales of $260.5 Million, Down 0.6%; Operating Income of $17.7 Million and Operating Margin of 6.8%- -Full Year Sales of $1.17 Billion, Up 9.7%; Operating Income of $105.2 Million and Operating Margin of
View on SEC.gov
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