---
schema_version: "secwatch.filing_event.v1"
accession: "0000945114-24-000034"
form_type: "8-K"
ticker: "GIC"
cik: "0000945114"
company_name: "GLOBAL INDUSTRIAL Co"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T05:17:54.018958+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000945114-24-000034
- form_type: 8-K
- ticker: GIC
- cik: 0000945114
- company_name: GLOBAL INDUSTRIAL Co
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/945114/000094511424000034/0000945114-24-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/945114/000094511424000034/gic-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000945114-24-000034
- JSON: https://secwatch.observer/filing/0000945114-24-000034.json
- Plain text: https://secwatch.observer/filing/0000945114-24-000034.txt

## Key facts
- Earnings Releases
  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
  source text: 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)
  evidence_url: https://www.sec.gov/Archives/edgar/data/945114/000094511424000034/0000945114-24-000034-index.htm

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