Global Industrial Q1 sales down 5.1%, EPS falls 38.6% to $0.35

GLOBAL INDUSTRIAL Co

2023-Q1 EPS reported $0.35 revenue$273,800,000

Net sales $273.8M, down from $288.6M YoY; avg daily sales -3.7%.
Operating income $17.8M (6.5% margin) vs $29.5M (10.2%) last year.
Gross margin 35.9% vs 37.4% YoY; product margin improved on lower landing costs.
Board declares $0.20/share dividend, payable May 22 to holders of record May 15.
Cash $48.2M, no debt, $116.6M credit facility available; operating cash flow $28.5M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.