Global Industrial Q2 sales +6.8% to $347.8M; EPS $0.52 vs $0.56; dividend $0.25

GLOBAL INDUSTRIAL Co

2024-Q2 EPS reported $0.87 revenue$671,200,000

Net sales $347.8M, up 6.8% YoY; organic growth (ex-Indoff) +1.8%.
Operating income $26.4M, down 9.3% from $29.1M; operating margin 7.6% vs 8.9%.
GAAP diluted EPS $0.52 from continuing ops vs $0.56 prior year.
Board declared $0.25/share dividend, payable Aug 19 to holders of record Aug 12.
Working capital $171.1M, cash $38.8M, $120.6M credit facility availability.

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