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Mar 31, 2022
Global Industrial Q1 2022 Earnings Report
Reported record sales and gross margin, with operating income increasing.
Key Takeaways
Global Industrial Company reported record first-quarter revenue of $288.6 million, a 14.9% increase year-over-year. The company's gross margin reached a record 37.4%, and operating income increased to $29.5 million, representing an operating margin of 10.2%.
Consolidated sales increased by 14.9% to $288.6 million compared to the previous year.
Consolidated gross margin increased to 37.4% compared to 30.8% last year.
Consolidated operating income from continuing operations increased to $29.5 million compared to $6.6 million last year.
Net income per diluted share from continuing operations increased to $0.57 compared to $0.14 last year.
Forward Guidance
The company is making further investments that will position it to expand market share and capitalize on its growth opportunities. They are committed to driving operational excellence, leading in digital innovation, and investing in their people, private brands and distribution operations.
Positive Outlook
- Expanding market share
- Capitalizing on growth opportunities
- Driving operational excellence
- Leading in digital innovation
- Investing in people, private brands and distribution operations
Historical Earnings Impact
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Avg. Return Before/After Earnings
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