Global Industrial Reports GAAP EPS Miss and Revenue Miss of $0.04 and $5.45M Respectively

Trending News ☀️

Global Industrial ($NYSE:GIC) is a leading provider of products and services for commercial and industrial businesses. The company offers a wide variety of products and services, including janitorial and maintenance supplies, safety products, security products, office furniture, material handling equipment, and much more. Global Industrial focuses on providing high-quality products and services at competitive prices to meet the needs of its customers.

Earnings

GLOBAL INDUSTRIAL recently reported their earnings for the fourth quarter of fiscal year 2022 as of December 31, 2022. These results represent a 0.6% decrease in total revenue and a 67.9% decrease in net income from the previous year. This decrease in revenue is consistent with GLOBAL INDUSTRIAL’s performance over the past three years, which saw a decline from $273.9 million to $260.5 million total revenue.

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…

Price History

In response to these results, GLOBAL INDUSTRIAL stock opened at $26.4 and closed at $26.3, down by 1.5% from prior closing price of 26.7. Live Quote…

Analysis

At GoodWhale, we have conducted a fundamental analysis of GLOBAL INDUSTRIAL and have found that it has a strong rating in assets, dividends, and profitability, and is medium in growth. Moreover, its health score of 8/10 indicates that the company is well capable to safely ride out any crisis without the risk of bankruptcy. We categorize GLOBAL INDUSTRIAL as a ‘gorilla’, indicating that it has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Given these attributes, investors who are seeking consistent and reliable returns may find GLOBAL INDUSTRIAL to be a suitable investment. If such investors are looking for a company with a track record of good returns, then GLOBAL INDUSTRIAL could be an attractive option. Furthermore, investors who prefer a long-term strategy or focus on sustainability and environmental issues could also be interested in this company. 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 is a publicly traded company that recently released its quarterly earnings report. The report showed a miss on both the estimated EPS and revenue. This miss indicates that the company is not performing as well as analysts had hoped, and could be an indication of future weakness in the company’s stock price. Investors should further monitor Global Industrial’s performance over the coming quarters to get a better understanding of the company’s future prospects.