Global Industrial Stock Fair Value Calculation – Global Industrial Reports Second Quarter FY2023 Earnings Results

🌥️Earnings Overview

On August 1 2023, GLOBAL INDUSTRIAL ($NYSE:GIC) released their financial report for the quarter ending June 30 2023. Total revenue for the period amounted to USD 325.8 million, a slight increase of 2.3% from the corresponding quarter in FY2022. Conversely, net income for this quarter dropped by 5.7% to USD 21.5 million year-over-year.

Stock Price

On Tuesday, GLOBAL INDUSTRIAL reported its second quarter financial results for FY2023. The stock opened at $28.4 and closed at $29.0, up by 1.6% from its last closing price of 28.5. This marks a positive trend for investors, as the company has seen steady growth over the past year. These strong results are a testament to GLOBAL INDUSTRIAL’s commitment to driving long-term value for shareholders.

The company has been able to capitalize on opportunities in the market and has been able to bring innovative products to customers. This, combined with financial discipline, has resulted in strong returns for investors. The company is well-positioned to capitalize on future opportunities and maintain strong returns for shareholders. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Global Industrial. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Global Industrial. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Global Industrial. More…

Key Ratios Snapshot

Some of the financial key ratios for Global Industrial are shown below. More…

Analysis – Global Industrial Stock Fair Value Calculation

GoodWhale has conducted a study analyzing GLOBAL INDUSTRIAL‘s fundamentals. Our proprietary Valuation Line calculated the intrinsic value of GLOBAL INDUSTRIAL share to be around $33.1. Currently, GLOBAL INDUSTRIAL stock is trading at $29.0, making it a fair price that is undervalued by 12.3%. Therefore, we recommend investing in GLOBAL INDUSTRIAL as an attractive opportunity. More…

Peers

Global Industrial Co competes with Slingsby (H C) PLC, Lawson Products Inc, and EVI Industries Inc in the market for industrial supplies. The company offers a wide variety of products, including safety equipment, material handling equipment, and tools. Global Industrial Co has a strong online presence and offers competitive prices.

– Slingsby (H C) PLC ($LSE:SLNG)

Slingsby (H C) PLC is a company that manufactures and sells office furniture. The company has a market cap of 2.83M as of 2022 and a Return on Equity of 19.79%. The company’s products include office chairs, desks, and filing cabinets.

– Lawson Products Inc ($NYSEAM:EVI)

EVI Industries Inc is a publicly traded company that owns and operates a diversified portfolio of businesses in a variety of industries. The company has a market capitalization of $236.89 million as of 2022 and a return on equity of 4.24%. EVI Industries Inc is engaged in the business of owning and operating businesses in a variety of industries, including but not limited to: manufacturing, distribution, logistics, and retail. The company’s businesses are located in North America, Europe, Asia, and South America.

Summary

GLOBAL INDUSTRIAL recently reported its second quarter results for FY2023 ending June 30 2023. Total revenue for the quarter increased by 2.3% year over year to USD 325.8 million, but net income decreased by 5.7% to USD 21.5 million. Investor sentiment may be uncertain due to the slight decrease in net income, however the overall increase in revenue is encouraging. It is important to watch the company’s future performance in order to determine if the current results indicate a positive or negative trend for GLOBAL INDUSTRIAL.