{"schema_version":"secwatch.filing_event.v1","accession":"0000945114-23-000069","form_type":"8-K","ticker":"GIC","cik":"0000945114","company_name":"GLOBAL INDUSTRIAL Co","filed_at":"2023-08-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.103113+00:00","generated_at":"2026-06-12T21:35:42.883754+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Global Industrial Q2 EPS $0.56 (down 5.1% YoY); organic sales decline 5.2%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000945114-23-000069","json":"https://secwatch.observer/filing/0000945114-23-000069.json","markdown":"https://secwatch.observer/filing/0000945114-23-000069.md","text":"https://secwatch.observer/filing/0000945114-23-000069.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/945114/000094511423000069/0000945114-23-000069-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/945114/000094511423000069/gic-20230801.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T21:35:42.883754+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"14ee8707b2494e410878cc26cfc5ccd56429aa50","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/945114/000094511423000069/0000945114-23-000069-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended June 30, 2023"},{"label":"Revenue","value":"$599.6 million"},{"label":"Net income","value":"$34.8 million"},{"label":"EPS","value":"$0.91 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ea2aa874415f18564c3d92fcfa6f2742d2650a2f","claim":"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.","evidence_excerpt":"Second Quarter 2023 Financial Summary: • Consolidated sales increased 2.3% to $325.8 million compared to $318.5 million last year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/945114/000094511423000069/0000945114-23-000069-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$325.8 million"},{"label":"Net income","value":"$21.5 million"},{"label":"EPS","value":"$0.56 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}