Global Industrial Co Stock Soaring to the Top of Industrial Distribution Industry
December 14, 2023
☀️Trending News
Global Industrial ($NYSE:GIC) Co’s stock has been steadily rising in the industrial distribution market, with the company reaching its highest point ever in terms of share price. Global Industrial Co is a leading provider of industrial supplies and equipment, selling a variety of products to businesses and consumers around the world. Their range of products includes safety and security, furniture, tools and equipment, and material handling products. Global Industrial Co’s stock performance has been impressive, with the company’s stock price climbing steadily over the past few months. This surge in stock prices has been driven by strong demand for the company’s products and services.
In addition, Global Industrial Co has recently launched several new products that have been well-received by customers. With their growing customer base, Global Industrial Co’s stock is likely to remain strong in the future. Global Industrial Co is set to continue to dominate the industrial distribution market, with its stock soaring to new heights. As the company continues to make strides in the industry, their stock prices are sure to follow suit.
Stock Price
Tuesday saw the stock of GLOBAL INDUSTRIAL Co start the day off strong at $37.0, but after several hours of trading it closed at $36.6, a decrease of 0.7% from the previous day’s closing price of $36.8. This slight dip in stock prices does not reflect the overall success of the company, as they are continuing to soar to the top of the industrial distribution industry. GLOBAL INDUSTRIAL Co has established itself as a leader in the industrial distribution industry, offering a wide range of products from a variety of different categories. They have been able to maintain high customer satisfaction ratings through their dedication to quality and customer service.
This has led to their stock prices continuing to rise in the long-term. The company is currently investing heavily into research and development, with an eye to the future of the industry. With a focus on innovation and sustainability, GLOBAL INDUSTRIAL Co is determined to remain at the top of the competitive industrial distribution market and their current stock prices are a testament to this fact. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Global Industrial. More…
| Total Revenues | Net Income | Net Margin |
| 1.21k | 68.9 | 5.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Global Industrial. More…
| Operations | Investing | Financing |
| 130.5 | -77.8 | -38.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Global Industrial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 527.8 | 281.6 | 6.47 |
Key Ratios Snapshot
Some of the financial key ratios for Global Industrial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.5% | 6.2% | 7.6% |
| FCF Margin | ROE | ROA |
| 10.3% | 24.2% | 11.0% |
Analysis
GoodWhale is excited to analyze GLOBAL INDUSTRIAL‘s financials. After running our Star Chart, we have concluded that GLOBAL INDUSTRIAL is classified as a ‘cow’, which implies that they have a track record of paying out consistent and sustainable dividends. This makes GLOBAL INDUSTRIAL particularly attractive to a variety of investors, including income-seeking investors, retirement investors, and those with an appetite for dividend stocks. Additionally, GLOBAL INDUSTRIAL receives a high health score of 8/10 when we look at their cashflows and debt: this suggests that the company is capable of paying off its debt and also funding future operations. Furthermore, GLOBAL INDUSTRIAL is strong in asset, dividend, and profitability, but weak in growth. All these factors give us an indication of what kind of company we’re dealing with, and can provide investors with a comprehensive overview. 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 Co is a leading player in the industrial distribution industry. Its stock has performed well over the past several years, outperforming many of its peers. An analysis of the company’s fundamentals and financials shows that it has strong fundamentals and solid financials. Its balance sheet is strong, with no long-term debt and a healthy cash position.
It has consistently grown its earnings and revenue, and its return on equity is among the highest in the industry. Its margins are also in line with industry averages, and its dividend yield is above average compared to its peers.
