Global Industrial Q2 EPS $0.56 (down 5.1% YoY); organic sales decline 5.2%

GLOBAL INDUSTRIAL Co

2023-Q2 EPS reported $0.91 revenue$599,600,000

Q2 sales $325.8M (+2.3% total, -5.2% ex-Indoff); operating income $29.1M (margin 8.9% vs 9.6%).
Gross margin 34.7% (down 80bps); organic gross margin 35.7% up 20bps YoY.
Six-month EPS $0.91 vs $1.16; operating income down 21.8% to $46.9M.
Board declared $0.20 dividend payable Aug 21 to holders of record Aug 14.
Acquired Indoff on May 19 for $40.3M debt; operating cash flow $37M in Q2.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GLOBAL INDUSTRIAL Co reported the six months ended June 30, 2023 results: revenue $599.6 million, net income $34.8 million, EPS $0.91 per diluted share.

Period: the six months ended June 30, 2023
Revenue: $599.6 million
Net income: $34.8 million
EPS: $0.91 per diluted share
Result: reported results

Exact text from the filing

per diluted share from continuing operations decreased 5.1% to $0.56 compared to $0.59 last year. Year to Date Q2 2023 Financial Summary : • Consolidated sales decreased 1.2% to $599.6 million compared to $607.1 million last year. Excluding Indoff, sales declined 5.2% and 4.5% on an average daily sales basis. • Consolidated gross margin declined to 35.2% compared to

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GLOBAL INDUSTRIAL Co reported the second quarter ended June 30, 2023 results: revenue $325.8 million, net income $21.5 million, EPS $0.56 per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $325.8 million
Net income: $21.5 million
EPS: $0.56 per diluted share
Result: reported results

Exact text from the filing

Second Quarter 2023 Financial Summary: • Consolidated sales increased 2.3% to $325.8 million compared to $318.5 million last year.

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2 earnings releases filed in the last 30 days. Browse all earnings releases →

GLOBAL INDUSTRIAL Co filing history →

Source: SEC EDGAR

accession 0000945114-23-000069

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