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Global Industrial Company (GIC)
NYSE:GIC
RESEARCH TOOLSreports
Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.28Last Year’s EPS
0.4Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -4.16%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
Global Industrial demonstrated some positive aspects such as revenue growth in 2024, strong cash position, and improved customer satisfaction. However, the fourth quarter showed significant revenue decline, gross margin pressure, and challenges in SG&A and operating income, indicating a somewhat balanced outlook.Company Guidance
During the call, Global Industrial provided guidance for 2024 and early insights into 2025. Revenue for 2024 reached $1.3 billion, reflecting a 3.3% increase largely due to the acquisition of Indoff in May 2023. However, the fourth quarter saw a 5.6% revenue decline, marking it as the weakest period of the year, with continued challenges in the core SMB customer base. Gross margin was reported at 33.8% for the fourth quarter, though sequentially lower due to increased transportation costs. Despite these challenges, the company achieved strong retention rates and customer satisfaction scores, with a notable 20% reduction in damage claims. In 2024, e-commerce and digital sales accounted for over 60% of total order volume, and private branding showed modest growth, making up about 40% of total sales. Looking ahead, capital expenditures are anticipated to be between $2 million and $3 million in 2025. Management emphasized strategic initiatives to enhance operational efficiencies, improve customer experience, and drive long-term growth, while maintaining a strong balance sheet with $44.6 million in cash and no debt.Revenue Growth in 2024
Global Industrial generated revenue of $1.3 billion in 2024, an improvement of 3.3% driven by the addition of Indoff in May 2023.
Strong Cash Position
Ended 2024 with more than $44 million in cash, no debt, and approximately $120.5 million of excess availability under the credit facility.
Customer Satisfaction and Retention
Achieved strong retention rates and customer satisfaction scores, improved fulfillment quality with a 20% reduction in damage claims in 2024.
E-commerce Performance
E-commerce and broader digital sales represented more than 60% of total annual order volume in the core global industrial business.
Private Brand Demand
Private brand demand showed modest growth in absolute dollars as well as a percentage of total sales in 2024, with private brand sales in the low 40% range as a percentage of total sales.
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GIC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GIC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $24.29 | $24.19 | -0.41% |
| Oct 29, 2024 | $32.77 | $26.02 | -20.60% |
| Jul 30, 2024 | $35.21 | $34.31 | -2.56% |
| Apr 30, 2024 | $37.62 | $33.72 | -10.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Global Industrial Company (GIC) report earnings?
Global Industrial Company (GIC) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Global Industrial Company (GIC) earnings time?
Global Industrial Company (GIC) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GIC EPS forecast?
GIC EPS forecast for the fiscal quarter 2024 (Q4) is 0.28.
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