Highest-materiality recent filing
Global Industrial extends credit facility maturity to June 30, 2031 via Amendment No. 4
Maturity date extended from October 19, 2026 to June 30, 2031.
Global Industrial annual meeting votes: all proposals pass including ESPP amendment
All eight director nominees elected; Richard B. Leeds received 29,030,911 votes for.
Global Industrial Q1 revenue up 9.2% to $350.4M; EPS $0.39 vs $0.35
Net sales $350.4M (+9.2% YoY); average daily sales up 7.6%.
Global Industrial Q4 sales up 14.3% to $345.6M, EPS $0.38 (+40.7%), dividend raised 7.7% to $0.28
Q4 net sales $345.6M (+14.3% YoY); operating income $19.6M (+35.2%); diluted EPS $0.38 (+40.7%).
Global Industrial Q3 sales $353.6M (+3.3%), operating income +18.5%, gross margin expands 160bps
Q3 EPS from continuing ops $0.48 vs $0.44 last year (+9.1%); YTD EPS $1.48 vs $1.30.
Global Industrial awards $1M special bonus to Executive Chairman Leeds for interim CEO service
Board approved one-time cash bonus of $1,000,000 to Richard B. Leeds, Executive Chairman.
Global Industrial Q2 sales +3.2% to $358.9M; EPS $0.65, record gross margin 37.1%
Consolidated sales $358.9M, up 3.2% YoY; driven by largest strategic accounts.
Global Industrial Company Announces Results of 2025 Annual Meeting of Stockholders
Elected eight directors: Richard B. Leeds, Bruce Leeds, Robert Leeds, Anesa T. Chaibi, Chad M. Lindbloom, Gary S. Michel, Paul S. Pearlman, Robert D. Rosenthal.
Net sales $321.0M vs $323.4M prior year; gross margin 34.9% (+60 bps YoY).
Global Industrial Q4 sales down 5.6% to $302.3M; operating income falls 32% to $14.5M
Q4 2024 operating income from continuing operations $14.5M vs $21.4M YoY; operating margin 4.8% vs 6.7%.
Global Industrial appoints Anesa Chaibi as CEO, effective Feb 17, 2025
Anesa Chaibi named CEO and Board member; Richard Leeds steps down as interim CEO but remains Executive Chairman.
Global Industrial Q3 sales down 3.4% to $342.4M; EPS falls 18.5% to $0.44
Net sales $342.4M vs $354.6M YoY (-3.4%); operating income $22.2M vs $28.2M (-21.3%).
Global Industrial Q2 sales +6.8% to $347.8M; EPS $0.52 vs $0.56; dividend $0.25
Net sales $347.8M, up 6.8% YoY; organic growth (ex-Indoff) +1.8%.
CEO Barry Litwin resigns; Executive Chairman Richard Leeds named interim CEO effective Aug 9, 2024
Barry Litwin resigns as CEO and board member effective Aug 9, 2024 to pursue another opportunity; no disagreement with company.
Global Industrial stockholders elect all eight director nominees at annual meeting
All eight director nominees elected; votes ranged from 29.7M (Rosenthal) to 35.9M (Michel).
Q1 revenue up 18.1% to $323.4M; EPS $0.34 vs $0.35; dividend $0.25
Net sales $323.4M (+18.1% YoY); organic sales up 4.2% excluding Indoff acquisition.
Global Industrial grants CEO Litwin $375K in special equity awards
Compensation committee approved $187,500 PRSU award (4,278 units) and $187,500 stock option award (11,343 options) to CEO Barry Litwin.
Global Industrial Q4 sales up 22.9% to $320M; dividend raised 25%
Q4 sales $320.1M (+22.9% YoY); ex-Indoff organic sales +5.1%.
Global Industrial board member Suozzi resigns; Michel appointed as independent director
Thomas R. Suozzi resigned from board effective Feb 14, 2024 due to election to U.S. House of Representatives; no disagreements with company.
Global Industrial Q3 sales up 18.8% to $354.6M; EPS $0.54 vs $0.53; dividend $0.20
Net sales $354.6M (+18.8% YoY); organic (ex-Indoff) +3.2%.
Global Industrial Q2 EPS $0.56 (down 5.1% YoY); organic sales decline 5.2%
Q2 sales $325.8M (+2.3% total, -5.2% ex-Indoff); operating income $29.1M (margin 8.9% vs 9.6%).
Global Industrial Company reports annual meeting voting results; all director nominees elected
All 8 director nominees elected with substantial support; broker non-votes ranged from 1.29M to 1.29M.
Global Industrial buys Indoff for $69.2M cash; adds 350+ sales partners
Cash purchase price of ~$69.2M funded from existing credit facility and cash on hand.
Global Industrial Q1 sales down 5.1%, EPS falls 38.6% to $0.35
Net sales $273.8M, down from $288.6M YoY; avg daily sales -3.7%.
Global Industrial awards CEO Barry Litwin $400K in special equity; CFO Thomas Clark gets $280K RSUs
CEO Barry Litwin receives 6,899 PRSUs ($200K) and 17,699 stock options ($200K) under LTIP.
Global Industrial Q4 sales down 0.6%, full-year record; dividend raised 11.1% to $0.20
Q4 sales $260.5M (-0.6% YoY); operating income $17.7M (-32.2%); EPS $0.35 vs $0.53.
Director Lawrence Reinhold retires; Thomas Suozzi appointed to board
Lawrence Reinhold resigns as director effective January 30, 2023 due to retirement, no disagreement with company.
Global Industrial increases revolver to $125M from $75M in credit agreement amendment
Revolver commitment raised to $125 million from $75 million under Amendment No. 3 dated November 29, 2022.
Global Industrial Q3 sales up 7.6% to $298.5M; operating income falls 10.1% to $27.5M
Net sales $298.5M (+7.6% YoY); operating income $27.5M (margin 9.2%), down from $30.6M a year ago.
Global Industrial Q2 sales record $318.5M, +17%; operating income +23.5%; declares $0.18 dividend
Record Q2 net sales $318.5M, up 16.8% YoY; operating income $30.5M, up 23.5%.
Global Industrial grants CEO Barry Litwin $1M RSU award; 30,003 units vest over four years
Board and Compensation Committee approved $1,000,000 RSU grant to CEO Barry Litwin on July 1, 2022.
Total of 36,635,632 shares (~96.62% of outstanding) voted at the June 6, 2022 annual meeting.
Global Industrial reports record Q1 sales $288.6M (+15%); gross margin 37.4%; EPS $0.57
Net sales $288.6M vs $251.1M YoY (+14.9%); record quarterly revenue.
Global Industrial Q4 EPS $0.53 (up 26% YoY); record gross margin 37.0%; declares $0.18 dividend
Q4 revenue $262.0M (-4.3% YoY); avg daily sales +3.5% due to 5 fewer selling days.
Global Industrial declares $1.00 special dividend payable Dec 27, 2021
Special cash dividend of $1.00 per share; record date Dec 17, 2021, payable Dec 27, 2021.
Global Industrial Q3 sales down 2.9% to $277.4M; gross margin record 36.8%; declares $0.16 dividend
Sales $277.4M, down 2.9% YoY; operating income $30.6M (down 2.5%); diluted EPS $0.61 vs $0.64.
Global Industrial appoints Adina Storch as General Counsel; Eric Lerner departs Oct 22
Adina Storch named SVP, General Counsel & Secretary, effective October 25, 2021.
Global Industrial COO Ritesh Chaturbedi departs; Christopher Longhito promoted to SVP Operations
Ritesh Chaturbedi, SVP and COO, entered separation agreement effective Aug 31, 2021.
Global Industrial Q2 sales up 12.6% to $272.6M; EPS $0.55, up 37.5%
Net sales $272.6M (+12.6% YoY); operating income $24.7M (+22.9% YoY); operating margin 9.1% vs 8.3%.
In connection with Ms. Chaibi’s appointment, Richard B. Leeds resigned as the Company’s Interim Chief Executive Officer, effective as of the Effective Date.
Ms. Chaibi was also appointed to serve as a member of the Board as of the Effective Date, for a term expiring at the Company’s 2025 annual meeting of stockholders and until her successor is elected and qualified or until her earlier resignation or removal.
On February 10, 2025, Global Industrial Company (the “Company”) announced the appointment of Anesa Chaibi as Chief Executive Officer (principal executive officer) of the Company, effective February 17, 2025 (the “Effective Date”).
On July 10, 2024 , the Company’s Board of Directors appointed Mr. Richard B. Leeds, the Executive Chairman of the Board, to serve as Chief Executive Officer on an interim basis effective August 9, 2024.
On July 10, 2024 , Barry Litwin, Chief Executive Officer of Global Industrial Company (the “Company”), notified the Company that he was resigning as Chief Executive Officer and a member of the Board of Directors of the Company effective August 9, 2024.
Effective February 20, 2024, the Board appointed Gary S. Michel to serve as an independent member of the Board, for a term ending at the Annual Meeting of Stockholders to be held in 2024 and until his successor is appointed and qualified (or until his earlier death, disqualification, resignation or removal), and appointed Mr. Michel as a member of the Audit Committee and the Compensation Committee.
On February 14, 2024, Thomas R. Suozzi tendered his resignation from the Board of Directors (the “Board”) of Global Industrial Company (the “Company”), effective immediately.
On January 27, 2023, Mr. Lawrence Reinhold , a director of the Board of Directors of Global Industrial Company (the “Company”) notified the Company that he will resign from the Board of Directors effective as of January 30, 2023 on account of his retirement.
Effective January 30, 2023, the Company’s Board of Directors appointed Thomas Suozzi to serve as an independent member of the Board of Directors
On October 6, 2021, the Company notified Eric Lerner, Senior Vice President, General Counsel, of its intention to exercise its rights under Section 3(e)
On October 8, 2021, Global Industrial Company (the “Company”) announced that Adina Storch will join the Company as Senior Vice President, General Counsel and Secretary, effective October 25, 2021.
On August 26, 2021, Global Industrial Company (the "Company") and Ritesh Chaturbedi, the Company’s SVP and Chief Operations Officer, entered into a separation agreement effective as of August 31, 2021
Max materiality 0.75 · Median 0.65 · Most common event earnings