StockNews.AI
GIC
StockNews.AI
175 days

Global Industrial Reports Fourth Quarter and Full Year 2024 Financial Results

1. Q4 sales fell to $302.3M with a 4.8% operating margin; dividend raised. 2. Full-year revenue hit $1.3B with lower operating income; margin pressure noted.

Earnings
-0.41%Current Return
VS
+0.04%S&P 500
$24.2902/25 04:22 PM EDTEvent Start
$24.1902/26 10:48 PM EDTLatest Updated
3m saved
Insight
Article

FAQ

Why Neutral?

The quarterly results show a dip in sales and margins versus the prior period, which may weigh on investor sentiment. However, the raised dividend reflects management confidence—a scenario seen before in industrial earnings releases with mixed signals.

How important is it?

Earnings releases are key catalysts that can prompt immediate price adjustments, although the mixed performance reduces the net impact.

Why Short Term?

Earnings announcements primarily influence short-term trading decisions, as investors react to quarterly performance and dividend adjustments.

Related Companies

GWWFASTITW
Fourth Quarter Sales of $302.3 Million; Operating Income of $14.5 Million and Operating Margin of 4.8% Full Year Sales of $1.3 Billion; Operating Income of $80.5 Million and Operating Margin of 6.1% Board Increases Dividend to $0.26 PORT WASHINGTON, NY / ACCESS Newswire / February 25, 2025 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial equipment and supplies, today announced financial results for the fourth quarter ended December 31, 2024. Performance Summary* (U.S. dollars in millions, except per share data) Highlights Quarter Ended December 31, Year Ended December 31, 2024 2023 2024 2023 Net sales $ 302.3 $ 320.1 $ 1,315.9 $ 1,274.3 Gross profit $ 102.3 $ 108.2 $ 452.0 $ 435.8 Gross margin 33.8 % 33.8 % 34.3 % 34.2 % Operating income from continuing operations $ 14.5 $ 21.4 $ 80.5 $ 96.5 Operating margin 4.8 % 6.7 % 6.1 % 7.6 % Net income from continuing operations $ 10.6 $ 15.2 $ 60.7 $ 70.7 Net income per diluted share from continuing operations $ 0.27 $ 0.40 $ 1.57 $ 1.84 Net income from discontinued operations $ 0.1 $ 0.1 $ 0.3 $ 0.0 Net income per diluted share from discontinued operations $ 0.00 $ 0.00 $ 0.01 $ 0.00 * Global Industrial Company manages its business and reports using a 52-53 week fiscal year that ends at midnight on the Saturday closest to December 31.

Related News