---
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"
generated_at: "2026-06-12T21:35:42.883754+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/945114/000094511423000069/0000945114-23-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/945114/000094511423000069/gic-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000945114-23-000069
- JSON: https://secwatch.observer/filing/0000945114-23-000069.json
- Plain text: https://secwatch.observer/filing/0000945114-23-000069.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/945114/000094511423000069/0000945114-23-000069-index.htm
- Earnings Releases
  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
  source text: Second Quarter 2023 Financial Summary: • Consolidated sales increased 2.3% to $325.8 million compared to $318.5 million last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/945114/000094511423000069/0000945114-23-000069-index.htm

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