Global Industrial Q4 sales down 5.6% to $302.3M; operating income falls 32% to $14.5M

GLOBAL INDUSTRIAL Co

2024-FY EPS reported $1.58 revenue$1,315,900,000

Q4 2024 operating income from continuing operations $14.5M vs $21.4M YoY; operating margin 4.8% vs 6.7%.
Q4 net sales $302.3M, a 5.6% decline year-over-year; gross margin flat at 33.8%.
Full-year 2024 sales rose 3.3% to $1.32B but core business (ex-Indoff) fell 0.6% on an average daily sales basis.
Full-year diluted EPS from continuing operations $1.57, down 14.7% from $1.84 in 2023.
Dividend increased to $0.26 per share, payable March 17 to holders of record March 10.

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