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Dec 31, 2021
Global Industrial Q4 2021 Earnings Report
Global Industrial reported Q4 2021 financial results, with record gross margin driving improved profitability.
Key Takeaways
Global Industrial Company reported a decrease in consolidated sales by 4.3% to $262.0 million compared to $273.9 million last year, but increased 3.5% on an average daily sales basis. Consolidated operating income grew 23.7% to $26.1 million. Net income per diluted share from continuing operations increased 26.2% to $0.53 compared to $0.42 last year.
Consolidated sales decreased 4.3% to $262.0 million.
Sales increased 3.5% on an average daily sales basis.
Consolidated operating income grew 23.7% to $26.1 million.
Net income per diluted share from continuing operations increased 26.2% to $0.53.
Forward Guidance
As we move into 2022, we will continue to innovate and strengthen our competitive position. We are investing in key strategic initiatives, specifically in areas such as sales, marketing, private brand, digital transformation, and distribution. We believe these efforts will help us drive better execution, enhance our ability to deliver an exceptional customer experience, allow us to expand market share and support our growth for years to come.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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