---
schema_version: "secwatch.filing_event.v1"
accession: "0000945114-23-000014"
form_type: "8-K"
ticker: "GIC"
cik: "0000945114"
company_name: "GLOBAL INDUSTRIAL Co"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:41:58.750554+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Global Industrial Q4 sales down 0.6%, full-year record; dividend raised 11.1% to $0.20

## Summary
- 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.

## SEC filing metadata
- accession: 0000945114-23-000014
- form_type: 8-K
- ticker: GIC
- cik: 0000945114
- company_name: GLOBAL INDUSTRIAL Co
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/945114/000094511423000014/0000945114-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/945114/000094511423000014/gic-20230221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000945114-23-000014
- JSON: https://secwatch.observer/filing/0000945114-23-000014.json
- Plain text: https://secwatch.observer/filing/0000945114-23-000014.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/945114/000094511423000014/0000945114-23-000014-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/945114/000094511423000014/0000945114-23-000014-index.htm

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