Global industrial company reports first quarter 2024 financial results

Sales of $323.4 million, increase 18.1% operating income of $17.4 million; operating margin 5.4% board declares $0.25 dividend port washington, ny / accesswire / april 30, 2024 / global industrial company (nyse:gic) today announced financial results for the first quarter ended march 31, 2024. performance summary* (u.s. dollars in millions, except per share data) highlights quarter ended march 31, 2024 2023 net sales $ 323.4 $ 273.8 gross profit $ 110.9 $ 98.4 gross margin 34.3 % 35.9 % operating income from continuing operations $ 17.4 $ 17.8 operating margin 5.4 % 6.5 % net income from continuing operations $ 13.1 $ 13.3 net income per diluted share from continuing operations $ 0.34 $ 0.35 net income (loss) from discontinued operations $ 0.1 $ (0.1 ) net income (loss) per diluted share from discontinued operations $ 0.00 $ 0.00 * global industrial company manages its business and reports using a 52-53 week fiscal year that ends at midnight on the saturday closest to december 31.
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