---
schema_version: "secwatch.filing_event.v1"
accession: "0000945114-24-000011"
form_type: "8-K"
ticker: "GIC"
cik: "0000945114"
company_name: "GLOBAL INDUSTRIAL Co"
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T07:50:04.302682+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000945114-24-000011
- form_type: 8-K
- ticker: GIC
- cik: 0000945114
- company_name: GLOBAL INDUSTRIAL Co
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/945114/000094511424000011/0000945114-24-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/945114/000094511424000011/gic-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000945114-24-000011
- JSON: https://secwatch.observer/filing/0000945114-24-000011.json
- Plain text: https://secwatch.observer/filing/0000945114-24-000011.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/945114/000094511424000011/0000945114-24-000011-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/945114/000094511424000011/0000945114-24-000011-index.htm

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