Global Industrial Q3 sales down 3.4% to $342.4M; EPS falls 18.5% to $0.44

GLOBAL INDUSTRIAL Co

2024-Q3 EPS reported $1.31 revenue$1,013,600,000

Net sales $342.4M vs $354.6M YoY (-3.4%); operating income $22.2M vs $28.2M (-21.3%).
Gross margin improved to 34.0% from 32.8% due to cost management and product mix.
Diluted EPS from continuing operations $0.44 vs $0.54 (-18.5%); nine-month EPS $1.30 vs $1.44.
Board declared $0.25/share dividend, record Nov 11, payable Nov 18, 2024.
Core SMB demand soft; strategic account business posted strong growth with healthy retention.

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