Global Industrial (GIC) Q4 Earnings Match Estimates, Rise Y/Y [Yahoo! Finance]
Global Industrial Company (GIC)
Company Research
Source: Yahoo! Finance
The bottom line increased 14% from the year-ago quarter's earnings of 35 cents per share. Contribution from the Indoff acquisition, improved volumes and strength in the e-commerce channel drove the improvement in the quarter. The company reported net sales of $320 million in the reported quarter, up 23% from the year-ago quarter's levels. The top line surpassed the Zacks Consensus Estimate of $313 million. Excluding the contribution from Indoff, which was acquired on May 19, 2023, GIC's organic growth was 5.1% year over year. Average daily sales were up 5.2%. Global Industrial Company Price, Consensus and EPS Surprise Global Industrial Company price-consensus-eps-surprise-chart | Global Industrial Company Quote Operational Update The cost of sales amounted to $212 million in the fourth quarter, up 27% from the year-ago quarter's levels. The gross profit totaled $108 million, which was 27% higher than the year-ago quarter's $94 million. The gross margin was 33.8% during the
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GIC
News
- Global Industrial Company (NYSE:GIC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Bear of the Day: Ashtead Group (ASHTY) [Yahoo! Finance]Yahoo! Finance
- Global Industrial Company Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Global Industrial Company Reports First Quarter 2024 Financial Results Accesswire
- Global Industrial Company to Report First Quarter 2024 Results on April 30, 2024Accesswire
GIC
Earnings
- 4/30/24 - Miss
GIC
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/24/24 - Form DEF
- GIC's page on the SEC website