Q1 revenue up 18.1% to $323.4M; EPS $0.34 vs $0.35; dividend $0.25

GLOBAL INDUSTRIAL Co

2024-Q1 EPS reported $0.34 revenue$323,400,000

Net sales $323.4M (+18.1% YoY); organic sales up 4.2% excluding Indoff acquisition.
Operating income $17.4M, down 2.2% from $17.8M; operating margin 5.4% vs 6.5%.
Diluted EPS from continuing ops $0.34, down from $0.35; gross margin 34.3% vs 35.9%.
Cash dividend $0.25 per share declared, payable May 20, 2024 to holders of record May 13.
Cash and equivalents $29.9M; working capital $160.8M; credit facility availability $120.7M.

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 0.98

GLOBAL INDUSTRIAL Co reported first quarter ended March 31, 2024 results: revenue $323.4 million, net income $13.1 million, EPS $0.34 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $323.4 million
Net income: $13.1 million
EPS: $0.34 per diluted share
Result: reported results

Exact text from the filing

financial results for the first quarter ended March 31, 2024. --- EX-99.1 (EX-99.1) --- GLOBAL INDUSTRIAL COMPANY REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Sales of $323.4 Million, Increase 18.1% Operating Income of $17.4 Million; Operating Margin 5.4% Board Declares $0.25 Dividend PORT WASHINGTON, NY, April 30, 2024 – Global Industrial Company (NYSE: GIC)

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Source: SEC EDGAR

accession 0000945114-24-000034

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