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Sep 30, 2021
Global Industrial Q3 2021 Earnings Report
Reported third quarter financial results impacted by supply chain constraints amid accelerating customer demand.
Key Takeaways
Global Industrial Company reported a decrease in consolidated sales by 2.9% to $277.4 million, while achieving a record high gross margin of 36.8% and an operating margin of 11.0%. Operating income decreased slightly by 2.5% to $30.6 million. The company is managing supply chain, labor, and freight disruptions and investing strategically in the business.
Consolidated sales decreased 2.9% to $277.4 million compared to last year.
Gross margin achieved a record high of 36.8%.
Operating income decreased 2.5% to $30.6 million compared to last year, but sequentially grew 23.9%.
Net income per diluted share from continuing operations decreased 4.7% to $0.61 compared to last year.
Forward Guidance
The company anticipates continuing a regular quarterly dividend in the future.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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