Global industrial company reports third quarter 2022 financial results

-sales of $298.5 million increases 7.6%- -operating income of $27.5 million; operating margin of 9.2%- -board declares $0.18 dividend- port washington, ny / accesswire / november 1, 2022 / global industrial company (nyse:gic) today announced financial results for the third quarter ended september 30, 2022. performance summary* (u.s. dollars in millions, except per share data) highlights quarter ended september 30, nine months ended september 30, 2022 2021 2022 2021 net sales $ 298.5 $ 277.4 $ 905.6 $ 801.1 gross profit $ 106.6 $ 102.0 $ 327.4 $ 277.3 gross margin 35.7 % 36.8 % 36.2 % 34.6 % operating income from continuing operations $ 27.5 $ 30.6 $ 87.5 $ 61.9 operating margin 9.2 % 11.0 % 9.7 % 7.7 % net income from continuing operations $ 20.3 $ 23.2 $ 64.7 $ 49.8 net income per diluted share from continuing operations $ 0.53 $ 0.61 $ 1.69 $ 1.31 net (loss) income from discontinued operations $ (0.1 ) $ (0.1 ) $ 0.3 $ 10.5 net (loss) income per diluted share from discontinued operations $ 0.00 $ 0.00 $ 0.01 $ 0.28 *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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