GLOBAL INDUSTRIAL Co

Listed Company

GICCIK 0000945114NYSEAcceleratedWholesale-Industrial Machinery & EquipmentDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.38B

Net Income

$72.10M

Total Assets

$580.80M

Equity

$313.20M

Shares Out

38.20M

Op. Cash Flow

$77.80M

Business

GLOBAL INDUSTRIAL Co is a value-added national distributor of industrial equipment and MRO supplies that sells to business, educational, government and institutional customers through branded e-commerce sites and relationship marketers. It offers a broad assortment of brand name and private‑brand products, including storage, material handling, safety, furniture, HVAC, tools, plumbing, electrical, janitorial, packaging and specialty industrial items. The company operates through digital and multi‑channel selling, relationship marketing, customer service and distribution functions, including multiple U.S. and Canadian distribution centers. Its primary markets are North American business and public sector customers reached via e-commerce, direct sales, catalogs and vendor partnerships.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	1,379	1,316	1,274	1,166	1,063
Cost of sales	889	864	839	745	689
Gross profit	490	452	436	421	374
Selling, general and administrative expenses	393	372	339	316	286
Operating income from continuing operations	98	81	97	105	88
Foreign currency exchange (income) loss	−100,000	500,000	200,000	300,000	300,000
Interest and other expense	100,000	200,000	1	—	—
Income from continuing operations before income taxes	98	80	95	104	88
Provision for income taxes	26	19	25	26	18
Net income from continuing operations	72	61	71	—	—
Income from discontinued operations, net of tax	100,000	300,000	0	—	—
Net income	72	61	71	79	103
Basic (in dollars per share)	1.86	1.58	1.85	2.05	1.85
Diluted (in dollars per share)	1.85	1.57	1.84	2.04	1.84
Basic (in dollars per share)	0	0.01	0	0.02	0.88
Diluted (in dollars per share)	0	0.01	0	0.02	0.87
Basic (in dollars per share)	1.86	1.59	1.85	2.07	2.73
Diluted (in dollars per share)	1.85	1.58	1.84	2.06	2.71
Basic (in shares)	38	38	38	38	38
Diluted (in shares)	38	38	38	38	38
Dividends declared (in dollars per share)	1.04	1	0.8	0.72	1.64

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2025 2025-04-30	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	68	—	45	34	29
Accounts receivable, (net of allowance for credit losses of $2.3 and $2.8, respectively)	140	—	127	131	108
Inventories	175	—	167	151	179
Prepaid expenses and other current assets	15	—	14	14	10
Total current assets	397	—	353	330	326
Property, plant and equipment, net	19	—	19	20	21
Operating lease right-of-use assets	92	500,000	73	84	90
Deferred income taxes	7	—	8	8	10
Goodwill and intangibles	64	—	66	69	—
Other assets	2	—	3	2	2
Total assets	581	—	521	513	455
Accounts payable	109	—	107	111	97
Accrued expenses and other current liabilities	54	—	48	49	43
Operating lease liabilities	16	—	14	14	12
Total current liabilities	179	—	168	174	153
Operating lease liabilities	88	—	69	81	89
Other liabilities	2	—	2	3	3
Total liabilities	268	—	240	258	245
Commitments and contingencies	—	—	—	—	—
Preferred stock, par value $.01 per share, authorized 25 million shares; issued none	0	—	0	0	0
Common stock, par value $0.01 per share, authorized 150 million shares; issued 39,248,275 and 39,178,283 shares; outstanding 38,198,641 and 38,230,328 shares	400,000	—	400,000	400,000	400,000
Additional paid-in capital	213	—	208	205	201
Treasury stock at cost 1,049,634 and 947,955 shares	−22	—	−17	−19	−20
Retained earnings	120	—	89	66	26
Accumulated other comprehensive income	2	—	1	3	2
Total shareholders equity	313	—	281	255	210
Total liabilities and shareholders equity	581	—	521	513	455

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	8	8	6	4	4
Provision (benefit) for deferred income taxes	600,000	−500,000	2	0	−3
Provision for credit losses	900,000	2	3	2	3
Compensation expense related to equity compensation plans	7	3	3	5	3
Accounts receivable	−12	2	−3	−3	−7
Inventories	−6	−17	33	−7	−41
Prepaid expenses and other assets	−900,000	−3	−800,000	−2	400,000
Income taxes	1	2	−1	−7	4
Accounts payable	2	−4	1	−17	20
Accrued expenses, other current liabilities and other liabilities	6	−2	−3	−2	−5
Net cash provided by operating activities from continuing operations	78	50	112	50	48
Net cash provided by operating activities from discontinued operations	100,000	300,000	0	400,000	2
Net cash provided by operating activities	78	51	112	50	50
Purchases of property, plant and equipment	−3	−4	−4	−7	−3
Acquisitions, net of cash acquired	−4	0	−72	0	0
Net cash used in investing activities from continuing operations	−7	−4	−76	−7	−3
Dividends paid	−40	−38	−31	−28	−63
Borrowings under credit facility	0	0	51	119	45
Repayments under credit facility	0	0	−51	−123	−41
Proceeds from issuance of common stock	3	2	600,000	800,000	5
Payment of payroll taxes on stock-based compensation through shares withheld	−2	−2	−500,000	−400,000	−3
Proceeds from the issuance of common stock from employee stock purchase plans	2	2	1	1	1
Purchase of treasury shares	−9	0	0	0	0
Net cash used in financing activities from continuing operations	−48	−37	−30	−30	−55
EFFECTS OF EXCHANGE RATES ON CASH	−300,000	0	−200,000	−300,000	0
NET INCREASE IN CASH	23	10	6	13	−9
Interest paid	300,000	300,000	1	1	300,000
Income taxes paid	24	18	24	33	27
Operating and finance leases	33	5	6	35	3

Filings

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