Global Industrial Q4 sales up 22.9% to $320M; dividend raised 25%

GLOBAL INDUSTRIAL Co

2023-FY EPS reported $1.84 revenue$1,274,300,000

Q4 sales $320.1M (+22.9% YoY); ex-Indoff organic sales +5.1%.
Q4 diluted EPS from cont. ops $0.40 vs $0.35; operating income $21.4M (+20.9%).
Full year 2023 sales record $1.27B (+9.3%); diluted EPS $1.84 vs $2.04 (-9.8%).
Board raises quarterly dividend 25% to $0.25/share; record Mar 11, payable Mar 18.
Cash $34.4M; excess credit facility $101.2M; Q4 operating cash flow $8.2M.

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 1.0

GLOBAL INDUSTRIAL Co reported the fourth quarter ended December 31, 2023 results: revenue $320.1 million, net income $15.2 million, EPS $0.40 per diluted share.

Period: the fourth quarter ended December 31, 2023
Revenue: $320.1 million
Net income: $15.2 million
EPS: $0.40 per diluted share
Result: reported results

Exact text from the filing

the fourth quarter ended December 31, 2023. --- EX-99.1 (EX-99.1) --- GLOBAL INDUSTRIAL REPORTS FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS Fourth Quarter Sales of $320.1 Million, Up 22.9%; Operating Income of $21.4 Million and Operating Margin of 6.7% Full Year Sales of $1.27 Billion, Up 9.3%; Operating Income of $96.5 Million and Operating Margin of

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

GLOBAL INDUSTRIAL Co reported fiscal year ended December 31, 2023 results: revenue $1.27 billion, net income $70.7 million, EPS $1.84 per diluted share.

Period: fiscal year ended December 31, 2023
Revenue: $1.27 billion
Net income: $70.7 million
EPS: $1.84 per diluted share
Result: reported results

Exact text from the filing

QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS Fourth Quarter Sales of $320.1 Million, Up 22.9%; Operating Income of $21.4 Million and Operating Margin of 6.7% Full Year Sales of $1.27 Billion, Up 9.3%; Operating Income of $96.5 Million and Operating Margin of 7.6% Board Increases Dividend 25%; Declares $0.25 Dividend PORT WASHINGTON, NY, February 29, 2024 – Global

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GLOBAL INDUSTRIAL Co filing history →

Source: SEC EDGAR

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