Headquartered in Port Washington, NY Fiscal year ends December NYSE: GIC globalindustrial.com
Global Industrial Company (NYSE: GIC) is a value-added distributor of industrial equipment and supplies. It sells a broad portfolio of national and private-label brands to organizations of all sizes across a wide range of industries, primarily through its e-commerce site Globalindustrial.com and a relationship-driven B2B sales approach. The company has more than 75 years of operating history and serves customers in the U.S. and Canada. Its go-to-market strategy targets customer verticals such as industrial and retail and large strategic accounts, with a focus on vertical expertise and greater share of customer wallet. The company reports on a 52-53 week fiscal year and has a discontinued operations line. Recent results have benefited from tariff refunds that lifted gross margin and earnings. Updated
The board tacked a $1.00 special dividend onto the regular $0.28 payout, both hitting Nov. 23. Operating margin widened to 8.4% from 7.4%, though roughly $0.04 of the beat came from one-time tariff refunds.
Global Industrial Company (NYSE: GIC) is a value-added distributor of industrial equipment and supplies.
The Wall Street consensus 12-month price target for GIC is $40.50.