secwatch.observer — SEC 8-K summary
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Issuer:     GLOBAL INDUSTRIAL Co (GIC)
CIK:        0000945114
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000945114-23-000069
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/945114/000094511423000069/0000945114-23-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/945114/000094511423000069/gic-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000945114-23-000069

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